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2016-11-14 General Committee Meeting Notes
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AGENDA
General Committee
Meeting
Monday, 14 November 2016
commencing at 10am
Council Chambers, 9 Pelican Street, Tewantin
Committee: Crs Frank Wilkie (Chair), Jess Glasgow, Ingrid Jackson,
Joe Jurisevic, Frank Pardon, Brian Stockwell, Tony Wellington
“Engagement with our community to protect and enhance our lifestyle”
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Section 2
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
TABLE OF CONTENTS
ITEM PAGE
ATTENDANCE & APOLOGIES -
PRESENTATIONS -
ITEMS REFERRED FROM PLANNING & ENVIRONMENT COMMITTEE -
ITEMS REFERRED FROM SERVICES & ORGANISATION COMMITTEE 2
1 COUNCIL POLICY - TRANSPORT STRATEGY
(Refer Services & Organisation Committee Agenda, 8 November 2016, Item 8, Page 46)
Reason for referral – Cr Stockwell requests that consideration be given to including
motor scooters in the Policy as a lower emissions, congestion reducing form of
transport.
REPORTS DIRECT TO GENERAL COMMITTEE 3
2 2015/16 BUDGET WRAP UP 3
3 FINANCIAL PERFORMANCE REPORT OCTOBER 2016 9
4 SEPTEMBER QUARTER BUDGET REVIEW (BR2) 15
CLOSED SESSION -
Page 2 of 30
Section 3
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
REPORTS DIRECT TO GENERAL COMMITTEE
2 2015/16 BUDGET WRAP UP
OCUMENT INFORM AT ION
Author Director Corporate Services, Michael Shave
Corporate Services Department
Index ECM/ ECM / Subject / 22.09 – Monthly Financial Performance Report
Attachments Nil
EXECUTIVE SUMMARY
Not applicable.
RECOMMENDATION
That Council note the report by the Director Corporate Services to the General Committee
Meeting dated 14 November 2016 providing a summary of Council’s 2015/16 budget
performance.
REPORT
As part of standard monthly financial performance reporting against budget, a report was
provided to the General Committee on 18 July 2016 outlining Council’s interim financial
performance for the full 2015/16 year against budget. Now that the financial statements and
annual report has been completed it is timely that Council is provided with a final summary of
overall performance against budget. A budget wrap up report is considered necessary given that
the detail in the financial statements is different to that reported in the budget reports and
includes adjustments that make it difficult to assess Council’s overall performance against
budget.
Overall Operating Performance
Operating financial performance relates to the business as usual services provided by Council to
the community and excludes the capital program. From a financial sustainability perspective an
operating surplus reflects the fact that services are being appropriately funded and sufficient cash
is being collected to reflect infrastructure consumption (and as such is allowing for ongoing asset
renewal via the capital program).
The table below outlines Council’s operating performance against budget once all year end
adjustments were processed.
Operating Summary to 30 June 2016
Budget Actual Variance $m Variance
$m $m %
Recurrent Revenue $88.2 $90.2 $2.0 2.3%
Recurrent Expense $87.2 $83.9 $3.3 3.8%
Operating Surplus $1.0 $6.3 $5.3
Operating Surplus Ratio 1.1% 7.0%
Page 3 of 30
Section 4
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
A breakdown of revenue and expense performance against budget will be provided further in this
report. Council has achieved another solid financial result for the year which reflects responsible
budget management by Council managers and staff on behalf of our community (which is
appreciated).
Council has met the requirements of its financial sustainability policy with respect to the operating
surplus ratio, with the ratio of 7% comfortably within the 0-10% target range set by the state
government.
Operating Revenue
Council achieved $90.2 million of operating revenue against budgeted revenue of $88.2 million
for the full year, reflecting the prudent budgeting approach adopted to manage any downside
revenue risk. A breakdown on each of Council’s revenue streams is contained in the following
table:
Table 1: Operating Revenue Performance by Type
Revenue Type Budget Actual Variance
$m $m $m
Rates $60.5 $60.7 $0.2
Fees $5.1 $5.7 $0.6
Dividend $1.9 $1.9 $0.1
Tax $1.1 $1.1 $0.1
Interest $4.6 $4.9 $0.3
Other $9.4 $10.7 $1.2
Grants $5.7 $5.2 ($0.5)
Total $88.2 $90.2 $2.0
Note: Some rounding
• Rates and Levies – $60.7m of actual revenue was received against the annual budget of
$60.5m. The majority of the additional revenue collected related to waste collection charges
on additional properties.
• Fees and Charges – Actual fees and charges collected of $5.7m exceeded budget by
$600k. Planning related fees ($300k), parking fees ($115k), registration fees ($87k) and
search fees ($96k) are some of the fee types that exceeded budget forecasts.
• Interest Received – Interest earned of $4.9m exceeded budget by $340k. Interest revenue
sources include Unitywater loans ($2.6m), interest on cash ($1.8m) and interest on overdue
rates ($483k). Higher end of year cash balances as well as additional interest on overdue
rates reflected the positive position against budget.
• Dividend and Tax – Actual Dividend and tax payments from Unitywater of $3m met budget.
• Other Revenue – $10.7m of actual other revenue was achieved against the annual budget of
$9.4m. Other income streams that exceeded budget included waste disposal fees ($437k),
ringtail quarry sales ($325k), holiday park fees ($183k), and other various community facility
revenues (i.e. the J and Aquatic Centre).
• Grants, Subsidies and Contributions – Operational grants of $5.2m were below the annual
budget of $5.7m. The Translink contribution towards the deferred electric bus trial ($480k)
was not received which reflected the variance.
Page 4 of 30
Section 5
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Figure 1: Operating Revenue Position by Type (Excluding Rates)
Grants
Other
YTD Actual ($m)
Tax
YTD Budget ($m)
Fees Dividend Interest
$0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0
Operating Expenditure
Council spent $83.9 million on its operating expenditure compared to the budget of $87.2 million
for the full year. A breakdown on each of Council’s expenditure sources is outlined below:
Table 2: Operating Expenditure Performance by Type
Revenue Type Budget Actual Variance
$m $m $m
Employees $27.6 $27.8 $0.2
Materials $40.2 $35.7 ($4.5)
Finance Costs $2.7 $3.3 $0.6
Depreciation $16.6 $17.0 $0.3
Total $87.2 $83.8 ($3.4)
Note: Some rounding
• Employee Costs – Costs of $27.8m exceeded the $27.6m annual budget by $200k. Whilst
overall employee cost management was achieved at an operational level, movements in
provisions for annual and long service level provisions resulted in the budget being
exceeded (whilst having a negligible impact on current cash flows).
• Materials and Services – Actual costs of $35.7m for materials and services were incurred
compared to the budget of $40.2m. Of the $4.5m variance approximately $3m related to
levy expenditure which is restricted for future use (in particular public transport,
environment, heritage, main beach and Hastings St). The remaining positive variances
primarily relate to under-expenditure against contract services, in particular savings against
ICT costs ($138k); savings against fleet operations associated with lower fuel prices, lease
and insurance costs ($500k); waste management landfill and strategy costs ($1.1m).
Council did incur over expenditure in some areas in particular arborist services (due to
significant numbers of requests), street lighting, ringtail quarry cost of sales (offset by
revenue) and Respite Centre contract services.
• Finance Costs – Actual finance costs of $3.3m exceeded budget by $600k due to a year
end adjustment in the calculation to value Council’s future landfill rehabilitation provision (a
non-cash adjustment with the provision fund to be gradually cash backed over the life of
the landfill).
Page 5 of 30
Section 6
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
• Depreciation – Actual depreciation expense exceeded budget by $300k reflecting the
outcomes of asset componentisation for roads and buildings, in addition to the bring
forward of the commissioning of cell 2.2 for use at the landfill (which was not anticipated for
2015/16).
Figure 2: Operating Expenditure Position by Type
Depreciation
YTD Actual ($m)
Finance
Costs
YTD Budget ($m)
Materials
Employees
$0 $10 $20 $30 $40 $50
Capital Revenue
Recorded capital revenue for Council for 2015/16 totalled $8m against a budget of $7.3m. A
breakdown of capital revenue items appears in the table below:
Table 3: Capital Revenue Performance by Type
Revenue Type Budget Actual Variance
$m $m $m
Developer Contributions $2.6 $2.5 ($0.1)
Grants $4.8 $5.2 $0.4
Investment Property Revaluation $- $0.3 $0.3
Total $7.3 $8.0 $0.7
Note: Some rounding
The investment property valuation increase relates to the annual valuation required for the
Sunrise Shops which is based on a cash flow valuation methodology to comply with accounting
standards. As this is a non-cash movement it is not budgeted nor anticipated each year.
Capital Expenditure
Actual capital expenditure of $29m achieved 88% of the total budget of $33m (budget excludes
funds transferred to reserve for future use). $4m of works in progress were carried over to the
current 2016/17 budget.
Council’s actual asset sustainability ratio for the 2015/16 year was 88.36%, slightly below the
state government benchmark of 90% albeit higher than the 2014/15 ratio of 65.1%.
Page 6 of 30
Section 7
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
A breakdown of spend and also completion % per capital program is outlined in the graphs
below:
Figure 3: Capital Expenditure per Program ($’000)
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
Commercial Land &…
Coastal Canals and…
ICT
Corporate Buildings
Parks & Playgrounds
Planning Scheme
Sealed Roads
Community Facilities
Bridges
Holiday Parks
Stormwater Drainage
Fleet & Plant
Gravel Roads
Environmental
Pathways
Sports Grounds
Streetscapes
Transport
Waste
Public Transport
Figure 4: Capital Expenditure Completion Rate per Program
120%
100%
80%
60%
40%
20%
0%
Commercial Land &…
Coastal Canals and…
ICT
Corporate Buildings
Parks & Playgrounds
Planning Scheme
Sealed Roads
Community Facilities
Bridges
Holiday Parks
Stormwater Drainage
Fleet & Plant
Gravel Roads
Environmental
Pathways
Sports Grounds
Streetscapes
Transport
Waste
Public Transport
Cash and Debt
The graph below shows Council’s cash and debt holdings as at 30 June 2016 compared to the
2014/15 year. Cash levels have increased despite delivery of the large capital works program
undertaken during 2015/16. Debt levels have decreased as Council continues to minimise its
debt position. Council’s net financial liabilities ratio of -1.5% improved from the previous year
1.2% and remains well within the state government benchmark of not greater than 60%.
Page 7 of 30
Section 8
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Figure 5: Cash and Debt Comparison ($’000)
Previous Council Consideration
Nil
Finance & Risk
Council’s financial sustainability risks are managed through appropriate financial modelling,
annual budgeting, budget management and via regular reporting of performance to identify any
areas of concern.
Consultation
External Consultation - Community & Stakeholder
Nil
Internal Consultation
Nil
Departments/Sections Consulted:
Chief Executive Officer Community Services x Corporate Services
Executive Officer to the Mayor & CEO Community Facilities Financial Services
Executive Support Community Development ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property & Facilities
Waste & Environmental Health Revenue Services
Executive Office Planning & Infrastructure
Community Engagement Building & Plumbing Services
Customer Service Civil Operations
Economic Development Disaster Management
Governance Infrastructure Planning & Design
Human Resources Planning & Environment
Sustainability Strategic Land Use Planning
Page 8 of 30
Section 9
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
3 FINANCIAL PERFORMANCE REPORT OCTOBER 2016
DOCUMENT INFORM AT ION
Author Manager Financial Services, Wayne Jensen
Corporate Services Department
Index ECM / Subject / 22.09 – Monthly Financial Performance Report
Attachments 1. Statement of Comprehensive Income
2. Statement of Financial Position
EXECUTIVE SUMMARY
Overall year to date financial performance against budget shows a positive operating variance of
$1.6m against YTD budget, with revenue and expenditure slightly above and below budget
respectively. A review of all operating and capital budgets was undertaken to determine any
required adjustments (subject to a separate report to Council at this meeting).
Financial Performance Summary to 31 October 2016
Current YTD Actual Variance Variance Status
YTD $m $m YTD
Budget %
$m
Recurrent Revenue $39.8 $40.8 $0.9 2.3% On track
Recurrent Expense $28.8 $28.1 $0.7 2.4% On track
Net Capital Revenue $1.9 $2.5 $0.8 42.1% On track
Capital Expenditure $3.8 $3.7 $0.1 2.6% On track
Financial statements including Statement of Comprehensive Income (profit & loss) and
Statement of Financial Position (balance sheet) are included as attachments for information of
Council.
Figure 1: Actual Performance Compared to YTD Budget
$45
$40
$35
$30
$25
$20
$15
$10
$5
$-
YTD Budget ($m) YTD Actual ($m)
Operating Revenue Operating Expenditure
Page 9 of 30
Section 10
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 14 November 2016 providing the October YTD monthly financial performance
report for the 2016/17 financial year.
REPORT
Recurrent Revenue (YTD Benchmark 33%)
Council has recognised 46% ($40.8 million) of its recurrent revenue budget of $89 million as at
the end of October 2016. Commentary on each recurrent revenue category is provided below:
• Rates and Levies – $31.1m (50%) of the annual budget of $62.3m has been earned.
General rates are at forecast levels and waste collection charges are $24k below YTD
budget.
• Fees and Charges – Fees and charges earned ($2.3m) totals 52% of the full year
forecast. Development related material change of use fees ($129k), lot reconfiguration
($54k), and operational works ($53k) exceed YTD budget, with plumbing inspection fees
($17k), change of ownership fees and property search fees ($40k) all also exceeding YTD
budget.
• Interest Received – Interest on invested funds is currently $159k ahead of YTD forecast
levels due to a higher opening actual cash balance than originally estimated in addition to
interest on outstanding rates ($22k above YTD budget).
• Dividend and Tax – Dividends and tax payments from Unitywater are in line with YTD
budget.
• Other Revenue – Other revenue earned ($3.6m) totals 38% of the full year forecast. Sale
of recyclables ($96k ahead), Ringtail quarry auction proceeds ($47k), lease revenue
($25k), holiday parks ($59k) and Noosa aquatic centre fees ($39k) are all above YTD
budget.
• Grants and Subsidies – Receipts for operational grants $52k ahead of YTD budget,
related to the Stronger Communities Grant received towards renovation of the Tait Duke
Cottage ($20k), in addition to $32k from RADF.
Figure 2: Recurrent Revenue Position by Type (Excluding Rates)
$4.0
YTD Budget ($m)
$3.5
YTD Actual ($m)
$3.0
$2.5
$2.0
$1.5
$1.0
$0.5
$0.0
Other
Grants
Fees
Dividend
Tax
Interest
Page 10 of 30
Section 11
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Recurrent Expenditure (YTD Benchmark 33%)
Operating expenditure is currently 32% of the full year budget forecast. Detailed commentary for
each expenditure category appears below:
• Employee Costs – Actuals of $8.6m against the YTD budget of $8.8m and equates to
30% of the full year budget. This is represented by an under expenditure YTD of training
budgets ($85k), a rebate for Work Cover premiums ($37k), and recovery from labour
allocations to capital projects exceeding budget by $109k.
• Materials and Services – $12.9m (32% of the full year budget) has been expended
compared to the YTD budget of $13.4m. Year to date variances relate to contract services
budgets, specifically under expenditure in insurance costs ($22k); waste management
($53k); library services ($20k); and property & facilities ($154k). Civil works is below budget
($89k); with planning costs currently ahead of budget by $89k due primarily to legal
expenses associated with the Noosa Civic appeal.
• Finance Costs – bank merchant fees ($2k) and interest on loans ($17k) are currently
below the YTD budget.
• Depreciation expense - in accordance with YTD budget.
• Other Expenses – in accordance with YTD budget.
Figure 3: Recurrent Expenditure Position by Type
$16
$14
YTD Budget ($m)
$12
YTD Actual ($m)
$10
$8
$6
$4
$2
$0
Finance Costs
Materials
Depreciation
Employees
Other
Capital Revenue
YTD capital revenue of $2.5m received includes $1.8m of cash contributions from developers,
together with $750k received as grant funding towards capital projects. Note that the timing of the
receipt of developer contributions is unpredictable, with 103% of the full-year budget already
received. Adjustments will be made as part of the December quarter budget review when trends
will be more apparent.
Capital Expenditure
Actual capital expenditure (excluding commitments) is $3.7 million against the revised full-year
budget of $27 million. Committed expenditure totals a further $6.4 million bringing the total of
actual and committed funds to $10.1 million (37% of the total program). Following a
comprehensive review of all capital projects, a number of changes to the program have been
proposed, which are outlined in a separate report to Council.
Page 11 of 30
Section 12
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Cash Management and Investment Performance
Council funds are invested in accordance with the adopted Investment Policy. Total cash on
hand at the end of October was $69.1 million.
Council’s investment portfolio is balanced across a number of agencies, as shown in the graph
on the left. The graph on the right shows the current risk profile using industry credit ratings.
Bendigo A1
6% 0%
A2
6%
Westpac
26%
A1+
QTC (QTC)
49% A1+ 49%
(Other)
45%
CBA
NAB 8%
11%
Actual interest revenue for September was $146,224 with a weighted average yield of 2.44%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 1.75%.
Previous Council Consideration
Nil.
Finance & Risk
Monthly financial performance is monitored across all operational areas to ensure Council’s
forecast operating result is achieved and that financial sustainability ratios are met. Ongoing
budget adjustments will be undertaken as required with a primary consideration being
maintenance of the operating surplus.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Departments/Sections Consulted:
x Chief Executive Officer x Community Services x Corporate Services
Executive Officer to the Mayor & CEO Community Facilities Financial Services
Executive Support Community Development ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property & Facilities
Waste & Environmental Health Revenue Services
x Executive Office x Planning & Infrastructure
Community Engagement Building & Plumbing Services
Customer Service Civil Operations
Economic Development Infrastructure Planning & Design
Governance Planning & Environment
Human Resources Strategic Land Use Planning
Sustainability
Page 12 of 30
Section 13
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 1
Page 13 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 1
Revenue
Recurrent Revenue
Rates, levies and charges 62,319,194 31,159,597 31,126,654 50%
Fees and charges 4,358,451 1,942,015 2,279,067 52%
Dividend income 1,651,805 60,889 60,889 4%
Interest received 4,155,093 1,179,191 1,389,908 33%
Tax equivalents 1,489,834 300,433 300,433 20%
Sale of Goods and Major Services 7,612,893 2,486,246 2,748,062 36%
Sale of Contract & Recoverable Works 15,970 5,323 553 3%
Rental & Lease Income 1,237,656 453,083 477,692 39%
Other income 625,369 295,808 384,702 62%
Grants, subsidies, contributions and donations 5,540,978 1,955,604 2,006,006 36%
89,007,242 39,838,189 40,773,966 46%
Expenses
Recurrent Expenses
Employee benefits 28,522,968 8,760,152 8,570,122 30%
Materials and services 40,501,688 13,391,411 12,931,580 32%
Finance costs 2,583,584 861,195 841,478 33%
Depreciation and amortisation 17,122,216 5,707,405 5,707,405 33%
Other expenses 85,863 32,999 34,858 41%
88,816,319 28,753,162 28,085,443 32%
OperatingResult = 490,928 14,085,027 12,688,523
Capital Revenue
Capital contributions and donations 1,733,634 1,076,442 1,782,087 103%
Grants, subsidies, contributions and donations 5,179,000 785,000 750,000 14%
Other capital revenue - - -
Total CapitalRevenue 6,912,634 1861442 2.592,087
Page 13 of 30Section 14
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 2
Page 14 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 2
Noosa Council
Statement of Financial Position
For the Year Ended 30 June 2017
As at 08-Nov-2016
Consolidated
2017 Year End
Forecast 2017 YTD 2016
Note $ $ $
Current Assets
Cash and cash equivalents 50,163,274 66,416,048 52,586,475
Trade and other receivables 8,315,517 6,676,548 5,946,062
Inventories 104,025 163,309 156,056
Other current assets 668,000 744,487 2,628,892
59,250,816 74,000,392 61,317,486
Non Current Assets held for sale - - -
Total Current Assets 59,250,816 74,000,392 61,317,486
Non Current Assets
Trade and other receivables 49,217,517 49,217,517 49,217,517
Other non current Assets - - -
Investments 60,978,225 60,978,225 60,978,225
Investment property 3,831,234 4,150,000 4,150,000
Property, plant and equipment 940,511,084 904,636,520 906,665,451
Intangible assets 3,502,623 2,650,435 2,613,761
Total Non Current Assets 1,058,040,682 1,021,632,698 1,023,624,954
Total Assets 1,117,291,498 1,095,633,089 1,084,942,440
Current Liabilities
Trade and other payables 4,460,191 6,720,844 7,887,760
Borrowings 3,079,477 3,438,029 2,932,289
Provisions 5,090,852 2,607,240 4,328,513
Other 390,000 624,377 537,888
Total Current Liabilities 13,020,520 13,390,490 15,686,451
Non Current Liabilities
Trade and other payables - - -
Borrowings 34,362,811 32,952,158 35,186,158
Provisions 8,410,678 9,082,779 9,082,779
Total Non Current Liabilities 42,773,489 42,034,938 44,268,938
Total Liabilities 55,794,009 55,425,427 59,955,389
Net Community Assets 1,061,497,489 1,040,207,662 1,024,987,051
Community Equity
Asset Revaluation Surplus 47,237,401 24,518,021 24,518,021
Retained Surplus / (Defeciency) - - -
Shire Capital 1,014,260,088 1,000,469,031 987,372,510
Current Year Net Earnings - 15,220,610 13,096,521
Total Community Equity 1,061,497,489 1,040,207,662 1,024,987,051
Page 14 of 30Section 15
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
4 SEPTEMBER QUARTER BUDGET REVIEW (BR2)
OCUMENT INFORM AT ION
Author Manager Financial Services, Wayne Jensen
Corporate Services Department
Index ECM/ Subject/ 7.13: 2016 - 2017 Budget
Attachments 1. Proposed Budget Adjustments – Operating
2. Proposed Budget Adjustments – Capital
3. Revised Budget Financial Statements
EXECUTIVE SUMMARY
The Local Government Act 2009 and Local Government Regulation 2012 require Council to
undertake regular reviews of the adopted budget to ensure it remains reflective of planned
activities to be funded through the budget period. Consequently, a full review of all operational
and capital activities has been undertaken using income and expenditure figures as at the end of
September 2016.
RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 14 November 2016 and approve the requested changes to the budget for the
2016/17 financial year, as outlined in the attached Budget Financial Statements.
REPORT
Section 170(3) of the Local Government Regulation 2012 allows Council, by resolution, to amend
the budget at any time before the end of the financial year. As such, formal reviews have been
scheduled to be undertaken following the close of each quarter (July to September; October to
December; January to March), using year-to-date figures as the basis for any revised forecasts.
This review provides an opportunity to take account of any additional information that has come
to light since the last review and to ensure the most accurate figures are included in the year-end
forecast. The September quarter review establishes a revised 30 June 2017 forecast position,
which then forms the basis for the ensuing 10-year financial plan.
The Revised Budget Financial Statements clearly identify statement line items that have been
affected by the proposed adjustments. It is noted that the Budget Financial Statements have
been amended to reflect the actual closing position as at 30 June 2016, and therefore the
Statement of Financial Position, Statement of Cash Flows, and Statement of Changes in Equity
all show variations from the original forecast position from the original budget.
Key requirements for budget reviews include:
• All increases in operating expenditure should be funded. If variances cannot be funded at the
branch or departmental level, then operational savings, determined after collaboration with
other departments, should be identified to ensure no degradation in the overall operating
position for Council.
• Proposed reallocation of savings or additional revenue will be confirmed by the leadership
team based on business risk assessment.
• The capacity to deliver capital projects has been considered as part of the evaluation
process.
Page 15 of 30
Section 16
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
1. Operating Budget Adjustments
There have been a number of adjustments to the operating budget proposed, as outlined in
Attachment 1, with an overall improvement in the operating position of $189k. Requests for
additional expenditure have been fully funded with savings or additional revenue. New initiatives
or significant funding requests have been reviewed by the Leadership Team prior to inclusion in
the budget review.
Key items include:
• Fees & charges revenue – recognition of additional revenue from development
applications received.
• Interest revenue – recognition of higher than anticipated revenue received to date.
• Sales revenue – accounting for revenue received from Library author events not originally
budgeted.
• Other recurrent income – account for insurance settlement from fleet asset.
• Operating grants and subsidies – recognition of additional grant revenue received (offset
by expenditure) for traineeships undertaken, and from additional State Library grant
revenue received.
• Employee Costs – minor adjustments to recognise the reallocation of budgets from
contract services for facility maintenance; wages attributable to the new trainee positions;
backfill of a position in planning administration to prepare for new Planning legislation; and
the employment of a Flying Fox management officer.
• Materials and services – provision of materials for Community Bushland Care program;
the engagement of a consultant to undertake a review of Noosa Community Support
operations; provision for increased contract tree management services due to increases in
customer requests; adjustments to holding tank charges to be managed through waste;
expenditure of additional grants received; and savings in insurance costs and Council of
Mayors membership.
2. Capital Works Program Adjustments
There have been a number of adjustments to the capital works program to reflect emergent
works undertaken and variations across different programs. Details for changes to each program
are outlined in Attachment 2. The total program has decreased by $1,571,265 with a focus on
the ability to deliver the current program.
Previous Council Consideration
The budget was amended in August 2016 to account for the carryover of projects from 2015/16
into the current year.
Finance & Risk
There has been an increase to the operating result following the budget review, and overall
Council is forecasting a surplus of $384k.
Changes to the capital program include a marginal reduction in renewal works of $137k, and a
reduction in expansion and upgrade projects of $1,423k. Capital program changes do not impact
the operating position, though the forecast cash position is marginally improved.
All financial sustainability ratios remain within (or exceed) target ranges, as outlined in the
attached Budget Financial Statements.
Page 16 of 30
Section 17
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Consultation
External Consultation - Community & Stakeholder
Nil
Internal Consultation
All areas of Council are consulted through the budget review process and the submissions
received from Managers are reviewed by the Leadership Team in consultation with the Mayor
prior to presentation to Council.
Departments/Sections Consulted:
x Chief Executive Officer x Community Services x Corporate Services
Executive Officer to the Mayor & CEO Community Facilities Financial Services
Executive Support Community Development ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property & Facilities
Waste & Environmental Health Revenue Services
x Executive Office x Planning & Infrastructure
Community Engagement Building & Plumbing Services
Customer Service Civil Operations
Economic Development Infrastructure Planning & Design
Governance Planning & Environment
Human Resources Strategic Land Use Planning
Sustainability
Page 17 of 30
Section 18
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 1
Page 18 of 30
Budget Review 2 - September Quarter Review 2016/17 Attachm ent 1
Summary of Submissions Received $ 108,622.26 $ 755,665.03 -$ 188,662.71 -S 80,040.45
(eal) Department Team Cost Centre / Project Description 2016/17 Current 2016/17 Actuals Proposed 2016/17 PIC Cert eed
Budget Adjustment Proposed oT)
ta dete =1 ess, 8
A002 Community Services Waste Management Waste Holding Tanks $0.00 $7,750.03 $50,927.00 $50,927.00 Expense Budget transfer of Boreen Point holding tank charges and
recoveries to Waste Management
A002 Corporate Services Caravan Parks Boreen Point $48,927.00 $0.00 ~($48,927.00) $0.00 Expense Budget transfer of Boreen Point holding tank charges and
recoveries to Waste Management
A002 Planning and Building Facilities Public Amenities $3,500.00 $0.00 ~($2,000.00) $1,500.00 Expense Budget transfer of Boreen Point holding tank charges and
Infrastructure recoveries to Waste Management
A002 Community Services Waste Management Waste Holding Tanks -($13,969.00) $0.00 -($48,849.26) ~($62,818.26) Revenue Budget transfer of Boreen Point holding tank charges and
recoveries to Waste Management
A002 Corporate Services Caravan Parks Boreen Point $0.00 $0.00 $29,309.56 $29,309.56 Expense Budget transfer of Boreen Point holding tank charges and
recoveries to Waste Management
A002 Planning and Building Facilities Public Amenities $0.00 $0.00 $19,539.70 $19,539.70 Expense Budget transfer of Boreen Point holding tank charges and
Infrastructure recoveries to Waste Management
A003 Executive Office Workplace Health and Workplace Health and Safety $0.00 $2,742.44 $10,879.72 $10,879.72 Expense Adjustment of internal fleet charges
Safet,
A003 Planning and Plumbing Plumbing Services $56,494.00 $13,284.21 $1,167.95 $57,661.95 Expense Adjustment of internal fleet charges
Infrastructure
A003 Planning and Community Resilience State Emergency Services $115,398.00 $33,518.37 $11,653.00 $127,051.00 Expense Adjustment of internal fleet charges
Infrastructure and Disaster
Management
A003 Community Services Environmental Health Public Health $22,159.00 $8,327.76 $10,879.73 $33,038.73 Expense Adjustment of internal fleet charges
A003 Community Services Environmental Health Environmental Health Coordination $0.00 $2,741.75 $10,878.81 $10,878.81 Expense Adjustment of internal fleet charges
A003 Planning and Work Operations Bridges $0.00 $456.27 $1,809.86 $1,809.86 Expense Adjustment of internal fleet charges
Infrastructure
A003 Planning and Work Operations Ringtail Quarry $0.00 $513.58 $2,039.39 $2,039.39 Expense Adjustment of internal fleet charges
Infrastructure
A003 Planning and Transport and Traffic Transport and Traffic Operation $0.00 $2,595.17 $10,294.91 $10,294.91 Expense Adjustment of internal fleet charges
Infrastructure Planning
A003 Planning and Parks and Landscape Parks and Gardens $356,795.00 $88,736 67 $7,572.49 $364,367.49 Expense Adjustment of internal fleet charges
Infrastructure
A003 Community Services Cemetries Cooroy Cemetery $0.00 $120.93 $289.09 $289.09 Expense Adjustment of internal fleet charges
A003 Planning and Natural Areas Bushland Reserves $70,158.00 $24,002.11 $17,248.31 $87,406.31 Expense Adjustment of internal fleet charges
Infrastructure
A003 Community Services Libraries Mobile Library $118,854.00 $31,806.09 $7,332.10 $126,186.10 Expense Adjustment of internal fleet charges
jane Planning and Work Operations Works Operations $143,444.73 $319,450.75 $143,443.31 $286,888.04 Expense Adjustment of internal fleet charges
Infrastructure
A003 Corporate Services Fleet Fleet Plant and Workshop Operations ~-($2,295,081.00) ~($628,775.79) -($235,488.67) ~($2,530,569.67) Revenue Adjustment of internal fleet charges
A003 Corporate Services Procurement and Fleet Plant and Workshop Operations $0.00 ($29,045.45) -($29,045.45) -($29,045.45) Revenue Insurance settlement received for damaged utility
Contracts
A003 Corporate Services Procurement and Fleet Plant and Workshop Operations $12,500.00 $23,636.36 $23,636.36 $36,136.36 Expense Insurance payment for damaged untility
Contracts
CEOO001 Chief Executive Office Chief Executive Office Chief Executive Office $147,342.00 $110,762.73 ~($36,579.27 $110,762.73 Expense Council of Mayors membership budget not required
cso0o1 Community Services —_ Library Services Library Collections -($219,051.00) $0.00 -($13,648,.00) -($232,699.00) Revenue Increase in the public library collections grant from the state
government
Cso02 Community Services _ Library Services Library Collections $8,750.00 $21,854.00 $13,648.00 $22,398.00 Expense Increase in the public library collections grant from the state
government
cso03 Community Services Library Services Library Programs and Services $0.00 ~($10,053.00) ~($9,950.00) -($9,950.00) Revenue Revenue received as ticket fees for two high-profile author events -
expended to pay for catering.
cso04 Community Services Library Services Library Programs and Services $1,225.00 $6,670.00 $9,540.00 $10,765.00 Expense Revenue received as ticket fees for two high-profile author events -
expended to pay for catering.
cso0s Community Services Noosa Community Respite Centre $374,147.00 $101,874.02 ($29,831.05) $344,315.95 Expense Reduction in contract services required to offset increased
Support employee benefits costs.
CS007 Community Services Noosa Community Home Assist Secure $84,230.00 $23,215 83 ~($2,628.10) $81,601.90 Expense Reduction in contract services required to offset increased
Support employee benefits costs.
Page 18 of 30Section 19
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 19 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Budget Review 2 - September Quarter Review 2016/17
Summary of Submissions Received $ 108,622.26 $ 755,665.03 -S 188,662.71 -S 80,040.45
Reference Pre ee oT) Cost Centre / Project Description 2016/17 Current 2016/17 Actuals Proposed rib are cele ered
Budget erg Proposed Py
ari uem alco" a8
csoo0g Community Services The J The J $90,654.00 $8,222.73 -($5,000.00) $85,654.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
CS010 Community Services TheJ The J $0.00 $62,273.17 $5,000.00 $5,000.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
csot1 Community Services The J Bicentennial Community Centre $25,600.00 $0.00 ~($1,500.00) $24,100.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
cso12 Community Services The J Bicentennial Community Centre $10,800.00 $2,135.07 $1,500.00 $12,300.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
CS013 Community Services Noosa Aquatic Centre Noosa Aquatic Centre $45,823.00 $18,048.45 -($3,500.00) $42,323.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
cso14 Community Services Noosa Aquatic Centre Noosa Aquatic Centre $0.00 $180,723.06 $3,500.00 $3,500.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
cso15 Community Services Noosa Leisure Centre Noosa Leisure Centre $42,697.00 $17,130.59 ~($3,500,00) $39,197.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
CS016 Community Services Noosa Leisure Centre Noosa Leisure Centre $10,000.00 $84,205.78 $3,500.00 $13,500.00 Expense Reallocation of funds from contract services (B&F maintenance) to
employee job costing expense to recognise the use of Council staff
to undertake maintenance works.
CS017 Community Services Noosa Community Noosa Community Support Projects $0.00 $0.00 $20,000.00 $20,000.00 Expense Consultant review of how upcoming funding changes may affect
Support NCS operations - funded from NCS reserve
Ex001 Executive Office Corporate Planning Corporate Planning and Reporting $11,400.00 $0.00 -($11,400.00) $0.00 Expense Budget for Corporate Strategy Retreat for New Council no longer
equired
Ex002 Executive Office Corporate Planning Corporate Planning and Reporting $1,600.00 $0.00 ~($1,600.00) $0.00 Expense Budget for Corporate Strategy Retreat for New Council no longer
equired
Ex003 Executive Office Risk Managementand _ Risk Management and Insurance $415,400.49 $382,805.29 -($32,595.20) $382,805.29 Expense Savings in insurance premiums
Insurance
Ex004 Corporate Services ICT ICT Applications $0.00 $0.00 -($12,500.00) -($12,500.00) Revenue New Trainee for 2017
Ex004 Corporate Services ICT ICT Applications $0.00 $0.00 $10,767.00 $10,767.00 Expense New Trainee for 2017
Ex004 Community Services Library Services Noosaville Libra $0.00 $0.00 $12,500.00) ($12,500.00) Revenue New Trainee for 2017
Ex004 Community Services Library Services Noosaville Library $0.00 $0.00 $10,767.00 $10,767.00 Expense New Trainee for 2017
Ex004 Planning and Parks and Landscape Parks and Gardens $0.00 $0.00 -($12,500.00) -($12,500.00) Revenue New Trainee for 2017
Infrastructure
Ex004 Planning and Parks and Landscape Parks and Gardens $0.00 $0.00 $7,873.00 $7,873.00 Expense New Trainee for 2017
Infrastructure
PIOO1 Planning and Parks and Landscape Arborist Services $481,526.88 $221,991.65 $85,000.00 $566,526.88 Expense Additional funding required to address increasing number of
Infrastructure customer requests for contract tree services
PI002 Planning and Parks and Landscape Bushland Reserves $6,680.04 $3,312.09 $12,700.00 $19,380.04 Expense Supply of materials and equipment for Community Bushland Care
Infrastructure Program
PI003 Planning and Environmental Services Environmental Services $184,686.12 $63,319.63 $47,600.00 $232,286.12 Expense Employment of a Flying Fox Management Officer to provide a point
Infrastructure and Protection of liaison with the community
Pl004 Planning and Environmental Services Environmental Services $0.00 $0.00 $10,000.00 $10,000.00 Expense Flying Fox subsidy program for assistance to affected residents
Infrastructure and Protection
PI00S Planning and Works Operations Pathways $51,430.00 $6,175.00 $7,183.00 $58,613.00 Expense Main Beach boardwalk repairs to increase due to deferral of
Infrastructure upgrade works
PIO06 Planning and Buildings and Facilities | Noosaville Depot $15,000.00 $1,428.53 $5,940.00 $20,940.00 Expense Purchase of 4 flammable liquid cabinets for depot
Infrastructure
Page 19 of 30Section 20
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 20 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Budget Review 2 - September Quarter Review 2016/17
Summary of Submissions Received $ 108,622.26 $ 755,665.03 -$ 188,662.71 -$ 80,040.45
Lela Department ET) Cost Centre / Project Description 2016/17 Current 2016/17 Actuals Proposed PATE el) TT)
beef Dra Proposed PSF TE}
Revised Budget
P1007 Planning and Environmental and Environmental Levy $0.00 $0.00 $17,570.00 $17,570.00 Expense Council contribution towards the Oyster Reef Project
Infrastructure Biosphere Reserve
P1008 Planning and Development Planning Administration and Compliance $284,502.00 $97,666.83 $22,890.00 $307,392.00 Expense Backfill offline planning administration officer while incumbant is
Infrastructure Assessment engaged in the implementation of planning systems and process
changes to comply with new planning legislation in July 2017
PI009 Planning and Development Development Assessment -($150,000.00) -($279,344.80) — -($129,000.00) ($279,000.00) Revenue Recognition of additional fee revenue
Infrastructure Assessment
0S001 orporate Services _ Financial Services Treas: ‘$455,000.00 3270,612.87 $160,000.00) _ -($615,000.00) Revenue Recognition of additional interest revenue
Page 20 of 30Section 21
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 2
Page 21 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Budget Review 2 - September Quarter Review 2016/17 Attachm ent 2
Summary of Submissions Received $ 9,336,947.09 $ 470,315.70 -$ 1,571,265.23 $ 7,765,681.86
Reference Cost Centre / Project Description 2016/17 Current 2016/17 Actuals Proposed 2016/17 CAPEX PROGRAM Comments
a 1TTe [elt a Pears Proposed
Revised Budget
CAPO002 Munna Point Bridge Road Deck Joint $0 $ - $37,000.00 $37,000.00 Bridges Replacement of Munna Point Bridge road deck joints to reduce noise
Replacement - to be completed in conjunction with footpath resurfacing.
CAP003 Munna Point Bridge Footpath and Deck Joint $0 $ - $77,000.00 $77,000.00 Bridges Resurfacing of Munna Point Bridge footpath to prevent moisture
Replacement affecting the structure of the bridge headstocks, to be undertaken in
conjunction with deck joint replacement.
CAP004 Wahpunga Road Bridge Renewal Kin Kin $47,600 $ : $10,000.00 $57,600.00 Bridges Replace pier headstocks and reinforce piles to increase the load limit
to 25 tonnes.
CAPO0S5 Noosaville - Gympie Tce / Williams St $11,070 $ 8,780 $15,000.00 $26,070.00 Coastal Canals and Waterways These funds are required to complete the on-street lighting
requirements as a result of the shared pedestrian zone.
CAPO06 Munna Pnt Foreshore Rehab Stg 2 Design $5,574 $ 4,099 $9,700.00 $15,274.00 Coastal Canals and Waterways Extra expense due to the re-design and costs in preparing
Drawings and Approval documentation for approvals.
CAPO07 Whole of Shire, Dune Fencing Rehabilitation $20,000 $ 4,956 $15,000.00 $35,000.00 Coastal Canals and Waterways Extra materials were purchased for future works
CAPO008 Noosaville, Noosa River Timber Retaining Wall, $50,000 $ 27,764 -$12,000.00 $38,000.00 Coastal Canals and Waterways Project complete under budget
Steps and Landing
CAPO09 Noosa Main Beach Tower Roof Replacement $0 $ 15,658 $15,658.00 $15,658.00 Coastal Canals and Waterways Emergent works request to ensure the tower remained operationally
safe.
CAP010 Peregian Beach, Rufous St Civil Works $0 $ - $955,000.00 $955,000.00 Commerical Land & Property Separate Rufous Street project into civil works and building
components.
CAPO11 Peregian Beach, 5 Rufous St Redevelopment $2,900,000 $ 9,168 -$1,900,000.00 $1,000,000.00 Commerical Land & Property Budget reduced due to deivery timneframe (works cannot
Construction commence until the temporary carpark is constructed)
CAP012 Peregian Surf Club Public Amenities - Planning $25,000 $ - -$25,000.00 $0.00 Community Facilities Project will be scoped for the 2017/18 capital program
& Design
CAP013 Noosa Heads Surf Club Public Amentities $0 $ 105,555 $105,555.00 $105,555.00 Community Facilities Project was completed but 2015/16 carryover funds were overlooked
Refurbishment
CAP014 Noosa Heads Demolition of Lifeguard Service/ $21,000 $ - -$21,000.00 $0.00 Community Facilities Project to be deferred and will be aligned to when the SLSQ make a
SLSQ Operations decision on a way forward.
CAPO15 Noosa Regional Art Gallery Sound System $0 $ 9,091 $12,600.00 $12,600.00 Community Facilities Emergent request to improve gallery sound system to cater for
ongoing gallery events
CAP016 Sunshine Beach NAC Overflow Carpark $0 $ - $29,000.00 $29,000.00 Community Facilities Re-use of asphalt material to seal the overflow carpark at the NAC
Drainage and Landscaping
CAP017 Noosa Museum Roof Replacement $0 $ - $20,000.00 $20,000.00 Community Facilities Replacement of the Pomona Museum roof required due to poor
condition (funded from Heritage Levy).
CAP018 Noosa Depot Workshop Electrical Replacement $0 $ 5,719 $6,847.00 $6,847.00 Corporate Buildings Replacement of electrical components at the Noosa Depot
Workshop to meet safety regulations
CAPO021 Black Mountain Repeater Replacement $0 $ 6,923 $6,923.00 $6,923.00 Information Technology Repeater replacement required due to lightening strikes. Repeater
critical for two way communication to maintain service delivery and
for disaster management purposes
CAP022 Tewantin Spray Park Shade Sail $37,264 $ 38,305 $1,041.00 $38,305.00 Parks & Playgrounds Adjustment required as project completed 2.8% above budget
CAP023 Tewantin RSL Park Shade Structure Renewal $48,093 $ 23,581 -$23,312.00 $24,781.00 Parks & Playgrounds Project complete under budget
CAP024 Whole of Shire BBQ Renewals $0 $ - $98,000.00 $98,000.00 Parks & Playgrounds Identified need for the replacement of public barbecues
Page 21 of 30Section 22
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 22 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Budget Review 2 - September Quarter Review 2016/17
Summary of Submissions Received $ 9,336,947.09 $ 470,315.70 -$ 1,571,265.23 $ 7,765,681.86
(eile) Cost Centre / Project Description 2016/17 Current 2016/17 Actuals Proposed Pl oF Oe ei 7) Comments
= ITT [eld Adjustment Proposed
Revised Budget
CAP025 Botanic Gardens, Shade Stucture Renewal $o $ - $28,000.00 $28,000.00 Parks & Playgrounds Design phase for Botanical Gardens Shade House replacement.
Project
CAP026 Noosa Heads Park Road, Boardwalk Design $30,000 $ 31,729 $60,000.00 $90,000.00 Pathways & Enabling Facilities | This project is being consolidated with previous year project
and Consultation numbers for the same project.
CAP027 Noosaville Eenie Creek Road Off-Ramp to $123,043 $ 543 -$122,500.00 $543.09 Pathways & Enabling Facilities This project was reviewed and was deferred given other capital
Underpass Design renewal priorities
CAP028 Noosa Heads, Park Road Boardwalk $1,500,000 $ - -$473,000.00 $1,027,000.00 Pathways & Enabling Facilities | This project is being consolidated with previous year project
| Construction numbers for the same project.
CAP029 Munna Crescent Boardwalk Renewal $0 $ 32,591 $33,389.00 $33,389.00 Pathways & Enabling Facilities Emergent works request to rectify a damaged retaining wall and
boardwalk at Munna Park.
CAP030 Tewantin Cranks Park Pathway Renewals so $ - $13,200.00 $13,200.00 Pathways & Enabling Facilities | 66m of concrete pathway renewal to remove trip hazards and ensure
public safety.
CAP031 Noosa Heads Pinaroo Park Pathway Renewals $o $ - $16,700.00 $16,700.00 Pathways & Enabling Facilities 76m of concrete pathway renewal to remove trip hazards and ensure
public safety.
CAP032 Noosaville Wallace Park Pathway Renewals $0 $ - $17,500.00 $17,500.00 Pathways & Enabling Facilities | 78m of concrete pathway renewal to remove trip hazards and ensure
public safety.
‘CAP033 Peregian Beach David Low Way Raised $0 $ - $80,000.00 $80,000.00 Pathways & Enabling Facilities | To upgrade pedestrian crossing facilities on David Low Way, north of
Pedestrian Crossing Herron Street, to facilitate pedestrian movements between the
shopping centre and Rufous Street, Rufous Lane and the proposed
Digital Hub Building
CAP034 Botanic Gardens Pathway Replacement $o $ - $129,075.00 $129,075.00 Pathways & Enabling Facilities | This project is to remove or replace the worst (highest risk) pathways
at the Botanical Gardens with asphalt. This includes total pathway
lengths of 1,020 metres and a width of 2.5 or 3 metres depending on
location.
CAP035 Noosaville, Lake Weyba Drive Bus Turnaround $200,000 $ - -$200,000.00 $0.00 Public Transport Infrastructure Little feedback has been received from Translink in progressing this
project - to be reconsidered in the 2017/18 capital program
CAP038 Cooroy-Belli Ck Road Slip Repair $o $ 1,301 $1,301.00 $1,301.00 Sealed Roads Network External project manager required to complete grant acquittal in
2016/17 financial year.
CAP039 Cootharaba - Dr Pages Road & Kinmond Creek $o $ 71,609 $91,608.77 $91,608.77 Sealed Roads Network Completion of culvert stabiliser and replacement. Purchase of land.
Rd - Construction
CAP040 Noosaville - Mary Street footpath, roadworks & $0 $ : $74,400.00 $74,400.00 Sealed Roads Network Renewal of footpath, minor road works and drainage improvements
drainage improvements as a result of replacing to a modern day equivalent.
CAP041 Girraween Sportsground Water Bore & Storage $25,000 $ 38,222 $55,000.00 $80,000.00 Sports Ground and Facilities Installation of bore and above ground water tanks to adrdess water
consumption challenges
CAP041 Girraween Sportsground Water Bore & Storage so $ - -$11,000.00 -($11,000.00) Sports Ground and Facilities Noosa Lions Football club commitment to fund irrigation components
of bore water project
CAP042 Whole of Shire - stormwater structures $250,000 $ - -$180,000.00 $70,000.00 Stormwater Drainage Budget transfer to Noosaville, Thomas Street & Gympie Terrace
| Culvert project
CAP043 Noosaville, Thomas Street & Gympie Terrace $350,000 $ 8,793 $180,000.00 $530,000.00 Stormwater Drainage Replacement of a section of stormwater drain from Thomas Street to
Culverts the Noosa River comprised of 1500m x 600mm box culverts which
are starting to fail due to saltwater corrosion.
CAP044 Tewantin Poinciana Ave Kerb & Channel so $ - $52,000.00 $52,000.00 Stormwater Drainage Renewal of 130m kerb and channel to ensure the new road surface
Renewal is able to settle without disturbance from future kerb and channel
maintenance works.
CAP045 Cootharaba, Kinmond Creek Road Sandy Creek $750,000 $ 84 $300,000.00 $1,050,000.00 Stormwater Drainage To reconstruct the old deteriorating helcoil culverts with new
Culvert concrete box culverts to achieve the current standard (1 in 5
| flooding) - the existing road will need to be reconstructed.
CAPO046 Cootharaba, Kinmond Creek Road Eastern $500,000 $ 343 $550,000.00 $1,050,000.00 Stormwater Drainage To reconstruct the old deteriorating helcoil culverts with new
Branch Culvert concrete box culverts to achieve the current standard (1 in 5
flooding) - the existing road will need to be reconstructed.
Page 22 of 30Section 23
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 23 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Budget Review 2 - September Quarter Review 2016/17
Summary of Submissions Received $ 9,336,947.09 $ 470,315.70 -$ 1,571,265.23 $ 7,765,681.86
Pee) Cost Centre / Project Description 2016/17 Current 2016/17 Actuals Proposed rl EWA CAPEX PROGRAM re
Budget PE Proposed
Revised Budget
CAP047 Noosaville Eenie Ck & Reef Street roundabout $0 $ - $15,500.00 $15,500.00 Stormwater Drainage The drainage outlet arrangement at Reef Street/Eenie Road
drainage improvements roundabout is inadequate to drain stormwater effectively from the
road surface to the centre of the roundabout.
CAP048 Noosa Heads Noosa Junction - Timber Assets $0 $ - $90,000.00 $90,000.00 Streetscapes and Road Corridors Urgent maintenance and replacement timber is required to
Renewal rehabilitate these assets to an acceptable standard to be undertaken
in collaboration with Noosa Junction Traders Association.
CAP049 Pomona Master Plan $20,000 $ - -$20,000.00 $0.00 Streetscapes and Road Corridors Deferral of the project till more resources are available - to be
reconsidered for the 2017/18 capital programme.
CAP050 Tewantin Cooroy Noosa Rd Traffic Management $0 $ 1,794 $1,794.00 $1,794.00 Transport and Infrastructure Works complete last financial year. Late invoice paid in August 2016.
Construction - A Management
CAP051 Sunrise Beach Ben Lexcen Drive School $23,303 $ - -$23,303.00 $0.00 Transport and Infrastructure Project completed
Crossing Improvement-c Management
CAP052 Noosa Transport Strategy $0 $ 23,708 $29,708.00 $29,708.00 Transport and Infrastructure Works complete last financial year. Timing of additional invoice
Management received
CAP053 Castaways Beach, David Low Way Safety and $475,000 $ : -$425,000.00 $50,000.00 Transport and Infrastructure Planning & design works only . Construction phase to be considered
Corridor Improvements Management for the 2017/18 capital program
CAP054 Tewantin, Hilton Terrace & Emest Street $1,425,000 $ - -$1,000,000.00 $425,000.00 Transport and Infrastructure Planning & design works only . Construction phase to be considered
Intersection Management for the 2017/18 capital program
CAP055 Tewantin, Poinciana Avenue & Moorindil Street $300,000 $ - -$250,000.00 $50,000.00 Transport and Infrastructure Planning & design works only . Construction phase to be considered
Intersection Management for the 2017/18 capital program
CAP056 Whole of Shire, Significant Local Roads $200,000 $ - -$150,000.00 $50,000.00 Transport and Infrastructure Works deferred to the 2017/18 capital program
Directional Signage, Management
CAP057 Tewantin, Sports Complex Stage 1 Carpark $0 $ - $21,350.00 $21,350.00 Sports Ground and Facilities Following consultation with the sporting groups, car parking
improvements to complement the overall master plan of the facility.
CAP058 Tewantin, Tewantin Admin Building Level 1 $0 $ - $10,000.00 $10,000.00 Corporate Buildings Emergent works request due to the failure of the AC unit that
Aircon supports the level one admin building.
Page 23 of 30Section 24
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 3
Page 24 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Attachment 3
ay
i ee ee ie See? Desai
¥ NOOSA COUNCIL aN
al Sa
FINANCIAL STATEMENTS
2016/2017
BUDGET REVIEW 2
Page 24 of 30Section 25
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 25 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result - Total Council original | BR1 | Bre precast
Pan nd Pad PT POET Puy PLP Puy) PLP) Puy Py Pd
$,000 tn $,000 A Au A) ti Au oT PAu x eK
Statement of Comprehensive Income
Income
Revenue
Recurrent revenue
Net rates, levies and charges 62,319] 62,319 63,942 65936 67649 69753 71,707 74084 76,155 78,916 81,282
Fees and charges 4,358] 4,358 4600 4.715 4832 4953 5087 5,224 5365 5521 5,681
Rental income 1,238] 1,238] 1,238] 1,269 «1,300 1,333,366 = 140014351471 1,508 1,546)
Interest received 4,153] 4,153 4509 4753 4956 5,069 5335 5,460 5576 5,686 5,769
Sales revenue 7,623] 7,623 7823 8018 8218 8424 8634 8849 9070 9,296 9528
Other income 3,773] 3,773 3897 3995 4094 4197 4302 4409 4520 4633 4,748
Grants, subsidies, contributions and donations 5,541 5,541 5605 5618 5,631 5,645 5659 5,674 5689 5,704 5,720
Total recurrent revenue 89,005] 89,005 91,644 94,334 = 96,716 §=— 99.407 102,125 105,136 107,846 = 111,264 114,274
conn _
Grants, subsidies, contributions and donations 6,567 6,799 5,440 4,338 6,500 6,500 6,500 6,500 6,500 6,500 6,500
ee
Total revenue 95,571] 95,804 96,759 96,334 102863 105,542 108,244 111,242 113,939 117,342 120,337
Capital income
Total capital income - - - - - - - - - - -
Total income 95,571] 95,804 96,759 98,334 102863 105542 108,244 111,242 113939 117,342 120,337
Expenses |
Recurrent expenses ;
Employee benefits 28,474] 28,523 29,451 30,320 31,189 + «©32,198 «= 33,237 Ss «34,308 )«=— 35,289 «36,424 «= 37,593
Materials and services 40,415] 40,499 41,590 42630 43696 44788 45998 47,240 48515 49,922 51,370
Finance costs 2,583] 2583} 2583] 2495 2314 2,114 1,892 1,660 1,413 1,153 872 593
Depreciation and amortisation 17,122 17,122 17,122 17,681 18,002 18,210 18,757 19,456 20,020 20,404 21,038 = 21,812
Other expenses 86: 86 86: 88 30 92 95 97 100 102 105 107
Total recurrent expenses 88,680] 88,812 91,382 93438 95,388 97,821 100,545 103,181 105,794 108584 111,576
Capital expenses
Total capital expenses 200 200 205 210 215 221 226 232 237 243 250)
Total expenses 91,604 93,665 95,621 «98.060 100,789 103.432 106,051 108,648 111,846
ee
Net result 6792) 6978} 5480 5007 7595 7847 7836 8204 8295 8917 8928
Operating result
PY
Recurrent revenue 89,005] 89,005 91,644 94,334 «96,716 = 99.407 102,125 105,136 107,846 «= 111,264 114,274
Recurrent expenses 88,680] 88,812 91,382 93,438 95,388 97,821 ~—- 100,545 103,181 105,794 += 108,584 111,576
Operating result | 325] 42 262 896 = 1,327 1,585 1,580 1,954 = 2,052 2,680 2,698
Page 25 of 30Section 26
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 26 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result | original | BRE | BRE recast
NTE PTT 2017 PT rT PP. FLIP PlIV4 PIPE} PLY Py. FLIP.)
See aa Ene Mech (n ST ti A A eA a) SA ti et SK St) AT)
Assets
Current assets
Cash and cash equivalents 36,053] 50,163] ~—«47,836) += 47,050 «44.852 «Ss «45,077 «44,886 = 45,130 45,253 44.727 43,518 + = 42,892
Trade and other receivables 8,316 8,316 8,328 8,531 8,776 8,966 9,248 9,491 9,780 10,010 10,371 10,662
Inventories 104! 104 156 156 156 156 156 156 156 156 156 156
Other current assets 668 668 468 479 490 501 513 525 537 549 561 573
Total current assets 45,140] 59,251 56,789] 56,217 54274 54699 54803 55,301 55,727 55,442 54606 54,2863
Non-current assets
Investments 114,027] 114,027} 122,509) «122,509 += 122,509 += 122,509 += 122,509 »««122,509 += 122,509 + 122,509 + +©122,509 += 122,509
Property, plant & equipment 943,468] 940,511] 936,187] 963,362 991,899 1,021,005 1,050,413 1,080,188 1,110,716 1,142,411 1,175,487 1,208,411
Other non-current assets 3,278 3,503 3,846 3,742 3,187 2,620 2,688 2,325 1,982 1,592 1,379 1,192
Total non-current assets 1,060,773 } 1,062,542 1,089,613 1,117,595 1,146,134 1,175,610 1,205,022 1,235,207 1,266,512 1,299,374 1,332,111
Total assets | 4,105,914] 1,117,291] 1,119,330] 1,145,830 1,171,869 1,200,833 1,230,414 1,260,323 1,290,934 1,321,954 1,353,981 1,386,394
Current liabilities
Trade and other payables 4,451 4,460 4,468 4,582 4,700 4,808 4,949 5,089 5,232 5,360 5,534 5,698
Borrowings 3,079 3,079 3,040 3,241 3,439 3,658 3,887 4,130 4,387 4,664 4,928 503
Provisions 5,091 5,091 4,394 4,482 4,594 4,709 4,826 4,947 5,071 5,198 5,327 5,461
Other current liabilities 390 390 548 558 568 578 588 599 610 621 633 645
Total current liabilities 13,012 13,021 12,450 12,863 13,301 13,753 14,251 14,765 15,300 15,843 16,422 12,306
Non-current liabilities
Borrowings 34,363] 34,363] «= 35,005] 32,104 «28,665 = s(25,007 21,120 16,990 12,603 7,939 3,014 2,508
Provisions 8,411 8.411 9,305 9,534 9,772 10,015 10,264 10,519 10,781 11,049 11,324 11,806
Total non-current liabilities 42,773 | 44.310 41,638 38,437 35,022 31,384 27,509 23,384 18,988 14,335 14,114
Total liabilities 55,785 54,501 51,737 48,774 45,635 42,274 38,684 34,830 30,757 26,420
Ed
Net community assets 4,050,128] 1,061,497] 1,062,570] 1,091,328 1,120,132 1,152,059 1,184,779 1,218,049 1,252,250 1,287,123 1,323,224 1,369,974
Asset revaluation surplus 47,397| 47,237] «46,962 70,240 94,036 118,369 143,243» 168,677 = 194,674 221,252 248,436 =—«276,258
Retained surplus 1,002,731] 1,014,260] 1,015,609] 1,021,088 1,026,095 1,033,690 1,041,537 1,049,372 1,057,576 1,065,871 1,074,788 1,083,716
Total community equity 1,050,128] 1,061,497] 1,062,570] 1,091,328 1,120,132 1,152,059 1,184,779 1,218,049 1,252,250 1,287,123 1,323,224 1,359,974
Page 26 of 30Section 27
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 27 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result [Original | BRI | BRE} recast
yu 2017 rv PAU) 2019 2020 PAI 2022 2023 2024 2025 2026
Statement of Cash Flows AUTH SAU ex) EAU) SAU AAU) SAU) SAU SAU Ext) SAU EAU
Cash flows from operating activities
Receipts from customers 74,742] 74,742) 74,901) 76843 79,122 81,224 83582 85937 88637 91149 94183 97,030
Payments to suppliers and employees (69,235)} (69,358)} (73,017)} (71,289) (73,170) (75,114) (77,180) (79,431) (81,739) (84,010) (86,504) + (89,131)
Dividend received 3,142 3,142 3,142 3,220 3,301 3,383 3,468 3,554 3,643 3,734 3,828 3,923
Interest received 4153 4,153 4,315 4,509 4.753 4,956 5,069 5,335 5,460 5,576 5,686 5,769
Rental income 1,235 1,235 1,235 1,266 1,298 1,330 1,363 1,397 1,432 1,469 1,505 1,543
Non-capital grants and contributions 5,530 5,530 5,580 5,604 5,617 5,632 5,643 5,658 5,673 5,689 5,702 5,719
Borrowing costs (2,176)} — (2,176)} = (2,213)} = (2,128) (1,950) (1,752) (1,533) (1,304) (1,061) (804) (527) (235)
Other cash flows from operating activities (11) (11) (11) (11) (11) (11) (12) (12) (12) (12) (12) (12)
Net cash inflow from operating activities 17,379} 17,256} += 13,932] 18,013» 18.959 19.648 = 20,399) 21,135 = 22,034 = 22,791 + = 23,859 = 24.606
Cash flows from investing activities
Payments for property, plant and equipment (21,356)} (24,937)| (23,884)} (21,175) (22,264) + (22,495) (22,791) (23,166) + (23,941) (25,141) (26,566) + (26,466)
Payments for intangible assets (1,231)} — (4,538)) (1,545) (374) : - (650) (350) (350) (300) (350) (350)
Proceeds from sale of property, plant and equipm : - . : : - - - - - : -
Grants, subsidies, contributions and donations 6,567 6,799 6,810 5,440 4.338 6,500 6,500 6,500 6,500 6,500 6,500 6,500
Other cash flows from investing activities 10 10 10 10 10 10 10 1
5 1 1 1 23 15 2411 1541 22 24 77 11
5 1 1 1 23 16 2543 1541 22 24 58 11
5 1 1 1 23 17 2676 1540 26 25 96 12
5 1 1 1 23 18 2809 1540 24 25 96 12
4 1 1 1 24 0 713 1610 2120 33 -1
5 1 1 1 24 1 713 1610 37 25 96 Net
5 1 1 1 24 2 757 1610 54 25 95 cash
5 1 1 1 24 3 820 1610 69 25 96 inflow
5 1 1 1 24 4 896 1610 54 25 96 from
5 1 1 1 24 5 958 1610 105 33 95 investing
5 1 1 1 24 6 1071 1610 103 25 89 activities
5 1 1 1 24 7 1418 1610 90 32 59 (19,665)}
5 1 1 1 24 8 1551 1610 89 32 23 (18,609)]
5 1 1 1 24 9 1683 1610 90 32 93 (16,099)
5 1 1 1 24 10 1816 1610 90 32 86 (17,916)
5 1 1 1 24 11 1948 1610 90 32 87 (15,985)
5 1 1 1 24 12 2081 1610 89 32 85 (16,931)
5 1 1 1 24 13 2214 1610 89 32 75 (17,005)
5 1 1 1 24 14 2346 1610 90 32 78 (17,780)
5 1 1 1 24 15 2479 1610 89 32 66 (18,930)
5 1 1 1 24 16 2611 1610 90 32 66 (20,404)
5 1 1 1 24 17 2744 1610 89 32 28 (20,304)
4 1 1 1 25 0 684 1700 414 33 -1
5 1 1 1 25 1 684 1700 57 25 96 Cash
5 1 1 1 25 2 749 1700 63 25 96 flows
5 1 1 1 25 3 817 1700 55 25 96 from
5 1 1 1 25 4 878 1700 109 33 96 financing
5 1 1 1 25 5 995 1700 103 25 96 activities
4 1 1 1 26 0 713 1766 2114 41 -1
5 1 1 1 26 1 713 1770 101 25 96 Proceeds
5 1 1 1 26 2 821 1770 47 25 94 from
5 1 1 1 26 3 877 1770 117 33 95 borrowings
5 1 1 1 26 4 1315 1770 58 28 89 2,697
5 1 1 1 26 5 1447 1770 58 29 92 2,697
5 1 1 1 26 6 1580 1770 58 30 91 2,697
5 1 1 1 26 7 1725 1766 47 41 96 340
5 1 1 1 26 8 1891 1784 7 5 48 :
5 1 1 1 26 9 2024 1784 7 5 78 -
5 1 1 1 26 10 2156 1784 7 5 63 -
5 1 1 1 26 11 2289 1784 7 5 78 -
5 1 1 1 26 12 2422 1784 7 5 56 -
5 1 1 1 26 13 2554 1784 7 5 41 :
5 1 1 1 26 14 2687 1784 7 5 50 :
5 1 1 1 26 15 2820 1784 7 5 69 -
4 1 1 1 27 0 713 1820 2120 33 -1
5 1 1 1 27 1 713 1820 122 33 96 Repayment
5 1 1 1 27 2 842 1820 21 25 93 of
5 1 1 1 27 3 870 1820 117 33 94 borrowings
5 1 1 1 27 4 1299 1820 76 32 42 (2,807)}
5 1 1 1 27 5 1432 1820 76 32 25 (2,807)}
5 1 1 1 27 6 1564 1820 76 32 41 (2,770)}
5 1 1 1 27 7 1669 1815 11 42 36 +=
5 1 1 1 27 8 1697 1820 76 32 51 (3,040)
5 1 1 1 27 9 1788 1815 29 42 49 =
5 1 1 1 27 10 1829 1820 77 32 35 (3,241)
5 1 1 1 27 11 1962 1820 76 32 53 (3,439)
5 1 1 1 27 12 2051 1815 21 42 29 =
5 1 1 1 27 13 2095 1820 75 32 54 (3,658)
5 1 1 1 27 14 2180 1815 43 42 16 =
5 1 1 1 27 15 2227 1820 76 32 63 (3,887)
5 1 1 1 27 16 2320 1815 36 42 16 =
5 1 1 1 27 17 2360 1820 76 32 70 (4,130)
5 1 1 1 27 18 2492 1820 76 32 45 (4,387)
5 1 1 1 27 19 2625 1820 76 32 40 (4,664)
5 1 1 1 27 20 2716 1815 39 42 27 ~—-
5 1 1 1 27 21 2757 1820 76 32 27 (4,928)
4 1 1 1 28 0 713 1890 2120 33 -1
5 1 1 1 28 1 713 1890 37 27 95 Net
5 1 1 1 28 2 757 1890 54 27 95 cash
5 1 1 1 28 3 820 1890 69 27 95 inflow
5 1 1 1 28 4 896 1890 54 27 95 from
5 1 1 1 28 5 957 1890 107 33 96 financing
5 1 1 1 28 6 1073 1890 103 27 94 activities
5 1 1 1 28 7 1598 1890 42 32 84 (73)}
5 1 1 1 28 8 1697 1890 76 32 73 (2,700)
5 1 1 1 28 9 1829 1890 77 32 73 (3,241)
5 1 1 1 28 10 1924 1886 34 40 54 =
5 1 1 1 28 11 1962 1890 76 32 64 (3,439)
5 1 1 1 28 12 2057 1886 31 40 26 ~—s-
5 1 1 1 28 13 2095 1890 75 32 39 (3,658)
5 1 1 1 28 14 2187 1886 34 40 0 ~—s
5 1 1 1 28 15 2227 1890 76 32 53 (3,887)
5 1 1 1 28 16 2324 1886 11 40 38 +=
5 1 1 1 28 17 2360 1890 76 32 77 (4,130)
5 1 1 1 28 18 2492 1890 76 32 52 (4,387)
5 1 1 1 28 19 2587 1886 34 40 30 =
5 1 1 1 28 20 2625 1890 76 32 69 (4,664)
5 1 1 1 28 21 2714 1886 40 40 16 ~—-
5 1 1 1 28 22 2757 1890 76 32 76 (4,928)
4 1 1 1 29 0 684 1980 188 25 -1
5 1 1 1 29 1 684 1980 56 25 96 Total
5 1 1 1 29 2 748 1980 54 25 96 cash
5 1 1 1 29 3 809 1980 63 25 96 flows
4 1 1 1 30 0 1250 2021 1587 15 -1
5 1 1 1 30 1 1236 2017 36 28 8 Ln
5 1 1 1 30 2 2830 2021 7 15 53 |
4 1 1 1 31 0 685 2037 2148 50 -1
5 1 1 1 31 1 685 2050 37 25 96 Net
5 1 1 1 31 2 730 2050 97 25 96 increase
5 1 1 1 31 3 835 2050 19 25 96 in
5 1 1 1 31 4 863 2050 54 25 96 cash
5 1 1 1 31 5 925 2050 43 25 96 and
5 1 1 1 31 6 976 2050 54 25 94 cash
5 1 1 1 31 7 1038 2050 120 33 94 equivalent
5 1 1 1 31 8 1165 2050 49 25 96 held
5 1 1 1 31 9 1432 2050 76 32 31 (2,520))
5 1 1 1 31 10 1564 2050 76 32 0 (4,750)
5 1 1 1 31 11 1717 2050 56 32 62 (786)
5 1 1 1 31 12 1829 2050 77 32 5 ~—(2,198)
5 1 1 1 31 13 1998 2050 40 25 71 225
5 1 1 1 31 14 2115 2050 55 32 16 ~—(190)
5 1 1 1 31 15 2250 2037 51 50 96 243
5 1 1 1 31 16 2397 2050 39 25 84 124
5 1 1 1 31 17 2512 2050 56 32 56 (526)
5 1 1 1 31 18 2625 2050 76 32 48 (14,209)
5 1 1 1 31 19 2777 2050 56 32 7 ~—=—«(627/
4 1 1 1 32 0 684 2120 2149 33 -1
5 1 1 1 32 1 684 2120 97 33 96 Opening
5 1 1 1 32 2 789 2120 54 27 96 cash
5 1 1 1 32 3 851 2120 43 27 96 and
5 1 1 1 32 4 902 2120 54 27 96 cash
5 1 1 1 32 5 964 2120 133 33 96 equivalents
5 1 1 1 32 6 1301 2120 74 28 65 34.793]
5 1 1 1 32 7 1435 2120 73 29 74 52,683)
5 1 1 1 32 8 1567 2120 73 28 81 52,586]
5 1 1 1 32 9 1699 2120 74 28 50 47,836
5 1 1 1 32 10 1831 2120 75 28 80 47,050
5 1 1 1 32 11 1963 2120 75 28 62 44852
5 1 1 1 32 12 2096 2120 74 28 62 45.077
5 1 1 1 32 13 2229 2120 74 28 84 44886
5 1 1 1 32 14 2361 2120 75 28 85 45130
5 1 1 1 32 15 2494 2120 74 28 78 45253
5 1 1 1 32 16 2627 2120 74 28 78 44727
5 1 1 1 32 17 2759 2120 74 28 82 43.518
4 1 1 1 33 0 684 2190 2149 33 -1
5 1 1 1 33 1 684 2190 88 33 97 Closing
5 1 1 1 33 2 779 2190 54 25 96 cash
5 1 1 1 33 3 842 2190 42 25 96 and
5 1 1 1 33 4 892 2190 54 25 96 cash
5 1 1 1 33 5 955 2190 132 33 96 equivalents
5 1 1 1 33 6 1301 2190 74 28 77 36,053)
5 1 1 1 33 7 1435 2190 73 29 72 50,163)
5 1 1 1 33 8 1566 2190 74 30 74 47,836)
5 1 1 1 33 9 1699 2190 73 28 78 47,050
5 1 1 1 33 10 1831 2190 74 29 80 44852
5 1 1 1 33 11 1963 2190 75 29 90 45077
5 1 1 1 33 12 2096 2190 74 30 79 44886
5 1 1 1 33 13 2229 2190 74 28 70 45130
5 1 1 1 33 14 2361 2190 75 29 69 45.253
5 1 1 1 33 15 2494 2190 74 30 85 44727
5 1 1 1 33 16 2627 2190 74 30 85 43518
5 1 1 1 33 17 2759 2190 74 28 78 42,892
4 1 1 1 34 0 1918 2288 289 44 -1
5 1 1 1 34 1 1918 2290 105 42 96 Page
5 1 1 1 34 2 2039 2290 48 32 96 27
5 1 1 1 34 3 2103 2288 42 35 95 of
5 1 1 1 34 4 2158 2290 49 33 95 30Section 28
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 28 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result } Orginal | BRI] BRA | orecast
2017 2017 A ANT) 2019 2020 PAV Aye) 2023 Phy 2025 rAVYAs
Statement of Changes in Equity AS AAA A
Asset revaluation reserve
Opening balance 24,496) 24,496] = 24.547) 46,962 70.240» 94.036)» 118,369 143,243» 168.677 = 194.674 = 221,252 248,436
Increase in asset revaluation surplus 22.901) 22,744] 22.445) = 23.278 »=— 23.797 = 24.332) 24.874 ~=— 25.434. = 25.997 = 26.578 §=—s 27,184 = 27,822
Closing balance 47,397) 47,237) 46,962} 70.240 = 94.036» 118,369 143,243 168,677 = 194,674 221,252 248,436 276,258
Retained surplus
Opening balance 996,040} 1,007,468) 1,008,631} 1,015,609 1,021,088 1,026,095 1,033690 1,041,537 1,049.372 1,057,576 1,065,871 1,074,788
Net result 6,691 6,792} 6,978) 5480 5007 759 7847 7,836 8204 829 8917 8928
Closing balance 1,002,734] 1,014,260) 1,015,609} 1,021,088 1,026,095 1,033,690 1,041,537 1,049.372 1,057,576 1,065,871 1,074,788 1,083,716
Total
Opening balance 1,020,536} 1,031,965) 1,033,148} 1,062,570 1,091,328 1,120,132 1,152,059 1,184,779 1,218,049 1,252,250 1,287,123 1,323,224
Net result 6,691 6792} 6978) 5480 5007 759 7847 7,836 8204 829 8917 8928
Increase in asset revaluation surplus 22,901) 22,744] = 22.445) = 23,278 §=— 23.797 = 24,332) 24.874 «= 25,434 25,997 ~=— 26.578 = 27,184 = 27,822
Closing balance 1,050,128} 1,061,497) 1,062,570} 1,091,328 1,120,132 1,152,059 1,184,779 1,218,049 1,252,250 1,287,123 1,323,224 1,389,974
Page 28 of 30Section 29
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 29 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
| indicator | Target | Original | BRI | BR2_ Forecast
rad ru 2018 2019 2020 PAYA 2022 PAR} 2024 PAs) 2026
Operating Surplus Ratio 0-10% 0.4% 0.2% 0.4% 0.2% 0.8% 1.3% 1.5% 1.4% 1.8% 2.0% 2.4% 2.2%
Net Financial Liabilities Ratio <60% 12.0% -3.9% 0.0% 5.5% 6.0% 9.2% -12.0% -15.3% -18.6% -21.2% -23.3% -26.1%
Asset Sustainability Ratio >90% 95.7%] 111.0%} 110.1% 98.6% 97.8% 97.9% 96.6% 95.9% 97.1% 100.1% 103.9% 100.0%
Operating Surplus Ratio
Measures the extent to which revenues raised cover operational expenses
only or are available for capital funding purposes or other purposes.
Calculation: Net operating result divided by total operating revenue, expressed as a % (excluding capital revenue or expenses).
Target: between 0% and 10%
Net Financial Liabilities Ratio
Measures the extent to which the net financial liabilities of Council can
be repaid from operating revenues.
Calculation: (total liabilities less current assets) divided by
total operating revenue, expressed as a %.
Target: not greater than 60%.
Asset Sustainability Ratio
This ratio reflects the extent to which the infrastructure assets managed by Council
are being replaced as they reach the end of their useful lives.
Calculation: capital expenditure on the replacement of infrastructure assets
(renewals) divided by depreciation expense, expressed as a %.
Target: greater than 90%.
Page 29 of 30Section 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Page 30 of 30
GENERAL COMMITTEE MEETING AGENDA 14 NOVEMBER 2016
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June | Original | BR1 | BR2 |
rl A rs rls
OFT ic MN Cece lel PAY SAUL SA
Asset Management 765 765
Bridges 100 380
Cemeteries 18 18 | 18]
Coastal, Canals and Waterways 400 417
Commercial Land & Property 2,900 2,991
Community Facilities 662 717
Corporate buildings 150 209
Environmental Assets, bushland tracks & Trails - 33 33
Fleet & Plant Replacement 1,765 2,154 2,154
Gravel Road Network 410 410 410
Holiday Parks 888 924 924
Information Technology 384 438
Parks & Playgrounds 685 825
Pathways & Enabling Facilities 1,810 2,484
Planning Scheme 847| 1,100
Public Transport Infrastructure 1,200 1,200
Sealed Road Network 4,000 5,061
Sports Grounds & Facilities - 50
Stormwater Drainage 2,085 2,312
Streetscapes and Road Corridor 50 79
Transport and Infrastructure Management 3,485 3,806
Waste Management 498 618 | 618 |
Total Capital works Program | 23,401] 26,993 po
Page 30 of 30