Annual Report 2014-15

Highlights and achievements
Council has achieved a strong financial result after the completion of its first 12 month financial
reporting period as a new Council. The following outcomes were achieved during 2014/15:

1. An operating surplus of $6.7 million as a result of revenues being received above those
   forecast along with good management of our expenditure, as well as some unspent levy funds
   that are required to be held for future use.
2. Stamp of approval from the Queensland Audit Office with the financial statements audited and
   signed-off without any identified issues.
3. The state government financial sustainability assessment undertaken in April 2015 determined
   Council’s financial position was ‘sound with a positive outlook’ which equates to a score of 5 on
   a 7 point scale.
4. Strong financial performance across a range of financial sustainability ratios.


Where was the budget spent?
Council spends significant amounts of ratepayer funds providing a range of services to the Noosa
community. A summary of the cost of the services for our major service areas is contained in the
graph below. Spending on these services (including roads, bridges, parks, community facilities and
waste management) makes up a significant component of Council’s annual budget.

Figure 1 – Operating Cost of Core Council Services 2014/15 ($’000)

 $25,000

 $20,000

 $15,000

 $10,000

  $5,000

       $0
                                                                                                                                                                                                                                             Community Engagement
                                                                                                                                                                                   Local Laws
                                                                                                                  Parks and Reserves
                                                             Libraries / Galleries


                                                                                     Roads / Bridges / Drainage
                                     Community Development




                                                                                                                                       Planning and Environment


                                                                                                                                                                  Waste / Health




                                                                                                                                                                                                                                                                    Property / Holiday Parks
                                                                                                                                                                                                Economic Development
              Community Facilities




                                                                                                                                                                                                                       Building / Plumbing




Noosa Council Annual Report 2014/15                                                                                                                                                                                                                                                            Page 29