Annual Report 2019-20

Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2020

Note 9. Cash and Cash Equivalents
                                                                                                2020          2019
                                                                                 Notes          $'000         $'000


Cash and cash equivalents in the statement of cash flows include cash on hand, all cash and cheques receipted
but not banked at the year end, deposits held at call with financial institutions, other short-term, highly liquid
investments with original maturities of three months or less that are readily convertible to cash and which are
subject to an insignificant risk of changes in value.

Cash and Cash Equivalents

Cash at Bank and On Hand                                                                         258           209
Deposits at Call                                                                              56,766        39,772
Term Deposits                                                                                      -        16,000
Total Cash and Cash Equivalents                                                              57,024        55,981

TOTAL CASH AND CASH EQUIVALENTS                                                              57,024        55,981

Restricted Cash and Cash Equivalents

Council's cash and cash equivalents are subject to a number of internal and external restrictions that limit amounts
available for discretionary or future use. These include:

Externally imposed expenditure restrictions at the reporting date relate to the following cash assets:

Unspent Government Grants and Subsidies                                                        2,624            97
Unspent Levy Funds                                                                             6,696         5,595
Unspent Developer Contributions                                                                  768           980
Unspent Carbon Tax                                                                               502           502
Total External Restrictions                                                                  10,590         7,174

Internally imposed expenditure restrictions at the reporting date:
Future Asset Replacement                                                                         840             -
Natural Disaster Rehabilitation                                                                2,558         2,487
Waste Management                                                                               1,328         3,714
Specific Purpose Recurrent                                                                     1,489         1,482
Total Internal Restrictions                                                                   6,215         7,683

Total Unspent Restricted Cash                                                                16,805        14,857

Cash and deposits at call are held in the Commonwealth Bank in a normal business cheque account.
On call accounts are also held with QTC. Deposits at call earned variable interest over varying terms at interest
rates of between 0.77% and 2.70%.

Investments
Term deposits with a maturity date greater than three months post reporting date are treated as investments, with
deposits of less than three months being reported as cash equivalents.



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