2020-02-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   17 FEBRUARY 2020




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GENERAL COMMITTEE MEETING AGENDA                                                                   17 FEBRUARY 2020

 Noosa Council                                                                                                  ATTACHMENT 1
Statement of Income and Expenditure
For the Year Ended 30 June 2020
As at 31 January 2020
                                                            Current          Current
                                                            Budget           Budget           Actual          Variance       Annual
                                                               2020             YTD              YTD               YTD        Budget
                                                             ($'000)          ($'000)          ($000)           ($'000)         %
Profit and Loss Statement

Revenue
    Recurrent Revenue
    Rates, levies and charges                                 68,702           69,569           70,012              443        102%
    Fees and charges                                           6,642            4,313            4,780              467        72%
    Interest received                                          1,410             824               928              104        66%
    Sale of Goods and major services                          10,127            5,735            5,573            (162)        55%
    Sale of contract and recoverable works                       23                 -                1                1         2%
    Rental & lease income                                      1,296             857               807              (50)       62%
    Other income                                                985              638               705               67        72%
    Grants, subsidies, contributions and donations             4,999            2,686            2,830              144        57%
    Unitywater Distributions                                   5,650            2,133            2,133                -        38%
                                                              99,833           86,755           87,769            1,014        88%
Expenses
    Recurrent Expenses
    Employee benefits                                         33,517           19,106           18,432            (675)        55%
    Materials and services                                   45,863            24,472           23,362           (1,111)       51%
    Finance costs                                              1,528             891               916               24        60%
    Depreciation                                              18,713           10,916           10,916                0        58%
    Other expenses                                              188               138              135               (2)       72%
                                                              99,809           55,524           53,760           (1,764)       54%
Operating Result                                                 24            31,231           34,009            2,778

Summary of Capital Revenue and Expenditure

Capital Funding
    Capital cash contributions and infrastructure charges      2,134            1,354            1,351               (3)       63%
    Contributed assets                                         2,000              112              112                -         6%
    Capital grants and subsidies                               5,281            1,830            2,895            1,065        55%
    Cash / revenue                                            27,337           11,407           11,351              (56)       42%
    New loan borrowings                                            -                -                -                -         0%
    Other capital revenue                                          -                -                -                -         0%
Total Capital Revenue                                         36,753           14,703           15,709            1,007

Capital Expenditure
    Contributed assets                                         2,000              112              112                -         6%
    Capital works - constructed assets                        26,091           11,298           11,072            (226)        42%
    Capital works - other capital                              4,781            1,352            1,383               31        29%
    Loan repayments                                            3,880            1,940            2,069              129        53%
    Other capital expenses                                         -                -            1,073            1,073         0%
Total Capital Expenditure                                     36,753           14,703           15,709            1,007

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