Original source · versioned page text
2016-03-10 Ordinary Meeting Agenda
Text sections have not been matched to the original PDF pages. Use the original document to check page numbers.
AGENDA
Ordinary Meeting
Thursday, 10 March 2016
commencing at 6pm
Council Chambers, 9 Pelican Street, Tewantin
Crs Noel Playford (Chair), Bob Abbot, Sandy Bolton, Joe Jurisevic,
Frank Pardon, Tony Wellington, Frank Wilkie
“Engagement with our community to protect and enhance our lifestyle”
See the original
The page text is free to read. Viewing or downloading an original file needs an account.
Log in to see the originalSearchable page text hides email addresses. Original files are unchanged and may show email addresses.
Full text of the other 17 sections
Section 2
ORDINARY MEETING AGENDA 10 MARCH 2016
TABLE OF CONTENTS
ITEM PAGE
1 ATTENDANCE & APOLOGIES 3
2 CONFIRMATION OF MINUTES 3
3 MAYORAL MINUTES 3
4 NOTIFIED MOTIONS 3
5 CONSIDERATION OF COMMITTEE RECOMMENDATIONS 4
INFRASTRUCTURE & SERVICES COMMITTEE RECOMMENDATIONS 4
PLANNING & ORGANISATION COMMITTEE RECOMMENDATIONS 6
GENERAL COMMITTEE RECOMMENDATIONS 10
6 ORDINARY MEETING REPORTS 11
1 FINANCIAL PERFORMANCE REPORT - FEBRUARY 2016 11
7 PETITIONS 18
8 CLOSED SESSION 18
9 NEXT MEETING 18
10 MEETING CLOSURE 18
Page 2 of 18
Section 3
ORDINARY MEETING AGENDA 10 MARCH 2016
1 ATTENDANCE & APOLOGIES
2 CONFIRMATION OF MINUTES
The Minutes of the Ordinary Meeting held on 17 December 2015 be received and
confirmed.
3 MAYORAL MINUTES
4 NOTIFIED MOTIONS
Nil.
Page 3 of 18
Section 4
ORDINARY MEETING AGENDA 10 MARCH 2016
5 CONSIDERATION OF COMMITTEE RECOMMENDATIONS
INFRASTRUCTURE & SERVICES COMMITTEE RECOMMENDATIONS
1 MARCH 2016 - Crs Sandy Bolton (Chair), Bob Abbot, Frank Pardon and Noel Playford
Other Councillors in Attendance: Crs Wilkie and Jurisevic
1 RUFOUS STREET PRECINCT MASTER PLAN
That Council note the report by the Director Community Services to the Infrastructure &
Services Committee Meeting dated 1 March 2016 on the Rufous Street Precinct Master
Plan and:
A. Approve the Rufous St Precinct Master Plan as set out in Attachments 1, 2 and 3 of
the Report;
B. Agree to provide owners consent for a Development Application for a Material
Change of Use to be lodged over Council owned lot 94 on SP 137431, Lot 1 on SP
215942 and Lot 95 on SP 137431 in the Rufous St Precinct;
C. Request the CEO to prepare a Development Application over the site in accordance
with the Master Plan; and
D. Include the Master Plan in any future planning provisions for the area.
2 NOOSA LEISURE CENTRE UPDATE REPORT 31 JANUARY 2016
That Council note the report by the Noosa Leisure Centre Coordinator to the Infrastructure
& Services Committee meeting dated 1 March 2016 providing an update on the activities of
the Noosa Leisure Centre to 31 January 2016.
3 NOOSA COMMUNITY SUPPORT UPDATE REPORT TO 31 JANUARY 2016
That Council note the report by the Noosa Community Support Coordinator to the
Infrastructure & Services Committee meeting dated 1 March 2016 providing an update on
the activities of Noosa Community Support to 31 January 2016.
4 NOOSA AQUATIC CENTRE UPDATE REPORT TO 31 JANUARY 2016
That Council note the report by the Noosa Aquatic Centre Coordinator to the Infrastructure
& Services Committee Meeting dated 1 March 2016 providing an update on the activities of
the Noosa Aquatic Centre to 31 January 2016.
5 THE J AND BICENTENNIAL COMMUNITY CENTRE UPDATE REPORT TO 31
JANUARY 2016
That Council note the report by The J Coordinator to the Infrastructure & Services
Committee meeting dated 1 March 2016 providing an update on the activities of The J and
Bicentennial Community Centre to 31 January 2016.
Page 4 of 18
Section 5
ORDINARY MEETING AGENDA 10 MARCH 2016
6 WASTE MANAGEMENT UPDATE REPORT TO 31 JANUARY 2016
That Council note the report by the Waste Coordinator to the Infrastructure and Services
Committee Meeting dated 1 March 2016 providing an update on the activities of the Waste
Management Section to 31 January 2016.
7 ENVIRONMENTAL HEALTH UPDATE REPORT TO 31 JANUARY 2016
That Council note the report by the Co-ordinator Environmental Health to the Infrastructure
& Services Committee Meeting of 1 March 2016 providing an update on the activities of the
Environmental Health Section to 31 January 2016.
Recommendation
The Infrastructure & Services Committee recommendations dated 1 March 2016 be adopted
except where dealt with or held over by separate resolution.
Page 5 of 18
Section 6
ORDINARY MEETING AGENDA 10 MARCH 2016
PLANNING & ORGANISATION COMMITTEE RECOMMENDATIONS
1 MARCH 2016 – Crs. Joe Jurisevic (Chair), Noel Playford, Tony Wellington and
Frank Wilkie
Other Councillors in Attendance: Cr Sandy Bolton
1 BUILDING & PLUMBING - UPDATE REPORT TO 31 DECEMBER 2015
That Council note the report by the Building and Plumbing Manager to the Planning &
Organisation Committee Meeting dated 1 March 2016 providing an update on the activities
of the Building and Plumbing Branch for the period ending 31 December 2015.
2 REQUEST TO CHANGE EXISTING DEVELOPMENT APPROVAL FOR
RECONFIGURATION OF A LOT (1 LOT INTO 2 LOTS & PARK) AT 178 EUMUNDI
NOOSA ROAD NOOSAVILLE - REC12/0014.02
That Council note the report by the Coordinator Engineering to the Planning & Organisation
Committee Meeting dated 1 March 2016 regarding application No. REC12/0014.02 to
Change Condition 9 of the Development Permit to Reconfigure a Lot (1 Lot into 2 Lots &
Park) at 178 Eumundi Noosa Road, Noosaville described as Lot 80 on SP 211687 and
agree to change Condition 9 to the following:
Earthworks
9.1 Certification of the earthworks undertaken on the lots provided by a RPEQ must be
submitted to Council prior to the sealing of the survey plan. The certification must
include:
(a) Certification that the works have been undertaken in accordance with the
provisions of AS 3798 ‘Guidelines on Earthworks for Commercial and
Residential Development’
(b) Test results as required by AS 3798,
(c) Certification of the quality and uniformity of the materials.
This certification must be lodged with any Development Permit for Building works to
the Building Certifier.
OR
9.2 The owner of the subject land will enter into a covenant with the Council pursuant to
Section 97A of the Land Title Act 1994.
The purpose of the covenant is to stipulate that any development of proposed Lot 102
is to be carried out in accordance with the specifications and recommendations of the
attached report by Douglas Partners dated 7 September 2015 reference “Report on
Geotechnical Investigation 178 Eumundi-Noosa Road, Noosaville”.
At the time of application for building works and/or associated earthworks, the
applicant must provide certification from a suitably qualified geotechnical engineer
stating that the proposed works are in accordance with the Douglas Partners report.
The covenant will be prepared by the applicant and lodged with the Council prior to
release of the survey plan for this approval for perusal by the Council’s solicitor at the
cost of the applicant.
Page 6 of 18
Section 7
ORDINARY MEETING AGENDA 10 MARCH 2016
3 REQUEST TO CHANGE EXISTING DEVELOPMENT APPROVAL FOR NOOSA
SPRINGS RESORT (155 MULTIPLE DWELLINGS & ASSOCIATED FACILITIES) AT
LESLIE DRIVE, NOOSA HEADS - 132005.1133.4
That Council note the report by the Coordinator Planning to the Planning & Organisation
Committee Meeting dated 1 March 2016 regarding Application No. 132005.1133.4 for a
request to change existing Development Permit for a Material Change of Use for a Resort
of 155 Multiple Dwelling Units and Associated Facilities situated at Leslie Drive Noosa
Heads and approve the request in accordance with the following:
A. Agree to amend Condition 2 to read:
2. Development undertaken in accordance with this approval must generally
comply with the approved plans of development. The approved plans are listed
below and are as amended by the conditions herein.
Plan No. Rev. Plan/Document Name Date
7038-DA01 02 Masterplan Noosa Springs Resort prepared by 14/12/15
Blackburne Jackson Design
7038-DA02 02 Indicative Sketch prepared by Blackburne 14/12/15
Jackson Design
7038-DA03 02 Carparking/Basement prepared by Blackburne 14/12/15
Jackson Design
7038-DA04 02 Ground Floor prepared by Blackburne Jackson 14/12/15
Design
7038-DA05 02 First Floor prepared by Blackburne Jackson 14/12/15
Design
7038-DA06 02 Second Floor prepared by Blackburne Jackson 14/12/15
Design
7038-DA07 02 Site Section prepared by Blackburne Jackson 14/12/15
Design
7038-DA08 02 Site Section prepared by Blackburne Jackson 14/12/15
Design
7038-DA09 02 Indicative Apartment Layouts prepared by 14/12/15
Blackburne Jackson Design
7038-DA010 02 Indicative Apartment Layouts prepared by 14/12/15
Blackburne Jackson Design
7038-DA02 02 Perspective Sketches prepared by Blackburne 14/12/15
Jackson Design
7038-DA02 02 Perspective Sketches prepared by Blackburne 14/12/15
Jackson Design
B. Delete Conditions 11, 16 & 65;
C. Change Conditions 1, 4, 5, 6, 8, 12, 23, 29, 30, 31, 33, 46, 47, 48, 49, 64 & 70 to read
as detailed in the Planning & Organisation Committee Agenda dated 1 March 2016.:
D. Change Advisory Notes 1 & 2 to read:
1. The applicant is advised that this “Change to an Existing Approval” will result in
amendments to the development contributions and infrastructure charges for
the amended development proposed in Blackburne Jackson Architects plan
no’s 7038-DA01 and 7038-DA04 and based on the following Uses Class/ Uses
and applicable quantities:
Page 7 of 18
Section 8
ORDINARY MEETING AGENDA 10 MARCH 2016
Existing Development Approved Development
Existing Use
Existing Quantity Approved Use Class / Use Approved Quantity
Class / Use
16 x 1 Bedroom
Units
Multiple Housing – 68 x 2 Bedroom
Type 4 – Conventional Units
70 x 3 Bedroom
Units
Commercial Business – Type 1
– Office
(Reception 80 m2
159 m2 Use Area
Back of house 25 m2
Night managers office 25 m2
Refuse room 29 m2)
1 Lot & Dwelling
(Refer to Entertainment & Dining
Detached contributions paid Business – Type 1 – Food & 165 m2 Use Area
House under 22980 DA Beverage (indoor 75m2 +
2
Lot (Café 75 m outdoor 90m2)
Reconfiguration) Outdoor Dining 90 m ) 2
Entertainment & Dinning
Business – Type 2 –
Recreation, amusement and
fitness (Tourist facility)
(Multipurpose Room 30 m2 162 m2 Use Area
Amenities 60 m2
Gymnasium 60 m2
Pool Equipment 12 m2)
Retail Business – Type 2 –
Shop 50m2 Use Area
(Convenience 50 m2)
2. This Development Permit for a “Change to an Existing Approval” will trigger
amendments to be made to the “Infrastructure Charge Notices” originally issued
and advised in Advisory Notes 2 and 11. Amended Infrastructure Charge
Notices will be issued for the estimated amounts of:
i) Coastal Major Road Network Infrastructure Charges Plan = $487,640.00;
and
ii) Public Transport and Stormwater networks = $264,271.00
These amounts are subject to variations in the Consumer Price Index, All
Groups Brisbane from December 2015 until the date of payment.
4 P&E COURT APPEAL D384/16 FOR A DEVELOPMENT APPLICATION FOR
OPERATIONAL WORKS PLACING AN ADVERTISING DEVICE - SIGNAGE AT 78-80
RENE STREET, NOOSAVILLE - OPW15/0214
That Council note the report by the Coordinator Planning to the Planning & Organisation
Committee Meeting dated 1 March 2016 regarding Planning & Environment Court Appeal
D384/16 and agree to defend the appeal.
Page 8 of 18
Section 9
ORDINARY MEETING AGENDA 10 MARCH 2016
5 DEVELOPMENT ASSESSMENT - UPDATE REPORT TO 31 DECEMBER 2015
That Council note the report by the Manager, Planning & Environment to the Planning &
Organisation Committee Meeting dated 1 March 2016 providing an update on the activities
undertaken by the DA Planning Team for the period 1 October to 31 December 2015
6 FLEET MANAGEMENT - UPDATE REPORT TO DECEMBER 2015
That Council note the report by the Manager Procurement and Fleet to the Planning &
Organisation Committee Meeting dated 1 March 2016 providing an update on fleet
management activities for the period 1 October to 31 December 2015.
7 NOOSA HOLIDAY PARK & CAMPGROUNDS - UPDATE REPORT TO 31 DECEMBER
2015
That Council note the report by the Property and Facilities Manager to the Planning &
Organisation Committee Meeting dated 1 March 2016 providing an update on operations of
the Noosa Holiday Park and Campgrounds for the period 1 October 2015 to 31 December
2015.
Recommendation
The Planning & Organisation Committee recommendations dated 1 March 2016 be adopted
except where dealt with or held over by separate resolution.
Page 9 of 18
Section 10
ORDINARY MEETING AGENDA 10 MARCH 2016
GENERAL COMMITTEE RECOMMENDATIONS
7 MARCH 2016 - Crs Frank Wilkie (Chair), Bob Abbot, Sandy Bolton, Joe Jurisevic, Frank
Pardon, Noel Playford and Tony Wellington
1 ADOPTION OF THE WASTE REDUCTION AND RECYCLING PLAN 2016-2024 FOR
PUBLIC CONSULTATION
That Council note the report by the Manager Waste and Environmental Health to the
General Committee Meeting dated 7 March 2016, and:
A. Approve the Draft Noosa Council Waste Reduction and Recycling Plan 2016 – 2024
(as provided at Attachment 1 to the report) for the purpose of public consultation, and
B. Advertise the Plan in local media immediately after Easter as being available for
public comment with the consultation period to close on 3 May 2016.
2 WASTE MANAGEMENT BUSINESS ACTIVITY PUBLIC BENEFIT ASSESSMENT
That Council note the report by the Director Corporate Services to the General Committee
Meeting dated 7 March 2016 and adopt the continuation of the full cost pricing business
model for the waste management business activity as recommended in the Public Benefit
Assessment Final Report provided at Attachment 1, commencing in the 2017/18 financial
year.
3 NOOSA HOLIDAY PARKS FEES AND CHARGES UPDATE - FURTHER REPORT
That Council note the report by the Property and Facilities Manager to the General
Committee Meeting dated 7 March 2016 and:
A. Set fees and charges for Noosa Holiday Parks to align with the cessation of the July
2017 Queensland school holidays; and
B. Adopt the Proposed General Cost Recovery Fees and Commercial Charges
schedule for the Noosa Holiday Parks for the period ending 17 July 2017 as detailed
in the table contained within the report, with the reinstatement of fees for the shoulder
period that are equivalent to the off peak fees for both the Boreen Point and Noosa
North Shore campgrounds:
4 TERM IN REVIEW 2014-2016
That Council note the report by the Chief Executive Officer to the General Committee
Meeting dated 7 March 2016 reviewing the first term of office for the re-established Noosa
Council.
Recommendation
The General Committee recommendations dated 7 March 2016 be adopted except where dealt
with or held over by separate resolution.
Page 10 of 18
Section 11
ORDINARY MEETING AGENDA 10 MARCH 2016
6 ORDINARY MEETING REPORTS
1 FINANCIAL PERFORMANCE REPORT – FEBRUARY 2016
Document i nformati on
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
Year to date financial performance to 29 February 2016 is generally in accordance with budget
forecasts. December Quarter budget adjustments are reflected in the schedules as the Current
Budget figures.
Financial Performance Summary to 29 February 2016
Current YTD Actual Variance Variance Status
YTD $m $m YTD
Budget %
$m
Recurrent Revenue $79.4 $80.5 $1.1 1.4% On track
Recurrent Expense $56.6 $54.3 $2.2 3.9% On track
Net Capital Revenue $4.8 $4.8 $0 0% On track
Capital Expenditure $20.6 $17.0 $3.6 17% Watch
Financial statements including Statement of Comprehensive Income and Statement of Financial
Position are included as attachments for information of Council.
Figure 1: Actual Performance Compared to YTD Budget
$90
$80
$70
$60
$50
$40
$30
$20
$10
$-
YTD Budget ($m) YTD Actual ($m)
Operating Revenue Operating Expenditure
Page 11 of 18
Section 12
ORDINARY MEETING AGENDA 10 MARCH 2016
RECOMMENDATION
That Council note the report by the Manager Financial Services to the Ordinary Meeting dated 10
March 2016 providing the February YTD monthly financial performance report for the 2015/16
financial year.
REPORT
Recurrent Revenue (YTD Benchmark 67%)
Council has received 91% ($80.5 million) of its recurrent revenue budget of $88 million as at the
end of February 2016. Commentary on each recurrent revenue type is provided below:
Rates and Levies – $60.6m (100%) of the annual budget of $60.5m has been recorded
following the January issue of rate notices and the full allocation of rate discounts and
rebates. General rates are marginally below forecast levels although waste collection charges
exceed budget.
Fees and Charges – Fees and charges earned ($4.3m) totals 85% of the revised full year
forecast. Parking fees, land use permits, and property change of ownership fees continue to
exceed current YTD estimates.
Interest Received – Currently 6.6% above YTD forecast levels due to cash flow timing issues.
No adjustments to the year-end forecast have been proposed at this stage, but will be
monitored for possible amendment at the March quarter budget review.
Dividend and Tax – Dividends and the payment of tax equivalent from Unitywater are in line
with budget forecasts.
Other Revenue – holiday parks, rental income, learn to swim, and waste fees are marginally
above budget predictions, with sale of recyclable materials (concrete and scrap metal)
currently below forecasts. All variances will continue to be monitored to determine whether
further adjustments should be made as part of the next budget review.
Grants and Subsidies –Receipts for operational grants are generally tracking in accordance
with adjustments to the revised budget forecast.
Figure 2: Recurrent Revenue Position by Type (Excluding Rates)
$8.0
$7.0
YTD Budget ($m)
$6.0
YTD Actual ($m)
$5.0
$4.0
$3.0
$2.0
$1.0
$0.0
Other
Fees
Grants
Dividend
Tax
Interest
Page 12 of 18
Section 13
ORDINARY MEETING AGENDA 10 MARCH 2016
Recurrent Expenditure (YTD Benchmark 67%)
Operating expenditure is currently 62% of the full year budget forecast. Areas of significant
variance will continue to be monitored for possible adjustments with areas of significant variance
addressed as part of the March quarter budget review. Detailed commentary for significant items
appears below.
Employee Costs – Actuals of $17.9m against the YTD budget of $17.9m and equates to 65%
of the full year budget. Whilst the total is within the budget, this is actually represented by a
range of minor variances across operational areas, which will continue to be monitored.
Materials and Services – 59% of the full year budget ($23.6m) has been expended compared
to the YTD budget of $25.7m. Variances relate to under-expenditure against contract
services, maintenance and special levies ($316k). Specifically, there is under-expenditure
against buildings and facilities maintenance ($164k), with works expected to be undertaken
later in the year; savings against fleet operations associated with lower fuel prices and
savings to lease and insurance costs ($259k); Waste operations currently running under
original forecasts ($400k); and Civil Operations is currently running approximately $600k
behind forecast levels.
Finance Costs – generally in accordance with budget, and it is noted that the credit card
surcharge has effectively reduced Council costs by approximately $60k.
Depreciation expenses are currently running in accordance with budget forecasts.
Other Expenses – generally in accordance with budget.
Figure 3: Recurrent Expenditure Position by Type
$30
$25 YTD Budget ($m)
$20 YTD Actual ($m)
$15
$10
$5
$0
Finance Costs
Materials
Depreciation
Employees
Other
Capital Revenue
YTD capital revenue of $4.8 million received includes cash contributions from developers ($2.2
million), together with $2.6 million received as grant funding towards capital projects.
Capital Works Program
Actual capital expenditure (excluding commitments) is $17 million against the current full-year
budget of $35.4 million. Committed expenditure totals a further $8.3 million bringing the total of
actual and committed funds to $25.3 million (71.5% of the total program). Detailed discussion of
progress in the delivery of the capital works program is provided quarterly to the Infrastructure
and Services Committee.
Page 13 of 18
Section 14
ORDINARY MEETING AGENDA 10 MARCH 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 February was $ 78.3 million following the January rate levy income received.
The cash balance includes constrained funding for capital projects still under construction, plus
unspent funds from special rates and levies.
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 A2
Suncorp
5% 5%
8%
A1
8%
Westpac
10% A1+
QTC
(QTC)
44%
44%
NAB A1+
18% (Other)
43%
CBA
15%
The actual interest revenue for the month was $150,810 with a weighted average yield of 2.70%
against the industry benchmark (Bloomberg AusBond Bank Bill Index) of 2.31%.
Previous Council Consideration
Nil
Finance & Risk
The year-end forecast will be reviewed using the actual income and expenditure figures as at 31
March, and will form the base year for the 2016/17 budget development. Monthly financial
performance is monitored across all operational areas to ensure Council’s forecast operating
result is achieved.
Consultation
External Consultation - Community & Stakeholder
Nil
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Page 14 of 18
Section 15
ORDINARY MEETING AGENDA 10 MARCH 2016
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 15 of 18
Section 16
ORDINARY MEETING AGENDA 10 MARCH 2016 1
ATTACHMENT
Page 16 of 18
ATTACHMENT 1
Noosa Council
Statement of Comprehensive Income
For the Year Ended 30 June 2016
As at 29-Feb-2016
Current Current
Budget Budget Actual Percentage
2016 YTD YTD Annual Budget
$ $ $ %
Revenue
Recurrent Revenue
Rates, levies and charges 60,463,174 60,463,174 60,591,952 100%
Fees and charges 5,062,480 4,114,720 4,284,480 85%
Dividend income 1,925,140 847,366 847 366 44%
Interest received 4,568,059 2,617,753 2,792,282 61%
Tax equivalents 1,088,812 730,433 730,433 67%
Sale of Goods and Major Services 7,418,019 5,123,932 5,386,864 13%
Sale of Contract & Recoverable Works 15,364 10,243 (8,288) -54%
Rental & Lease Income 1,173,953 808,291 866,882 T4%
Other income 721,908 493,468 734,152 102%
Grants, subsidies, contributions and donations 5,592,339 4,234,261 4,294 963 77%
88,029,249 79,443,640 80,521,087 91%
Expenses
Recurrent Expenses
Employee benefits 27,657,354 17,918,927 17,863,611 65%
Materials and services 40,057,419 25,690,761 23,551,989 59%
Finance costs 2,686,315 1,774,210 1,744,162 65%
Depreciation and amortisation 16,630,163 11,086,775 11,104,017 67%
Other expenses 105,993 84,239 71,272 67%
87,137,244 56,554,912 54,335,050 62%
Operating Result 892,005 22,888,728 26,186,037
Capital Revenue
Capital contributions and donations 2,556,631 2,301,442 2,248 423 88%
Grants, subsidies, contributions and donations 4,760,113 2,554,506 2,591 ,892 54%
Other capital revenue - - -
Total Capital Revenue 7,316,744 4,855,948 4,840,315
Page 16 of 18Section 17
ORDINARY MEETING AGENDA 10ATTACHMENT
MARCH 2016 2
Page 17 of 18
ATTACHMENT 2
Current Assets
Cash and cash equivalents 34,883,636 75,234,362 50,891,174
Trade and other receivables 8,096,896 9,557,851 5,794,388
Inventories 104,038 212,402 104,038
Other current assets 657,006 500,482 3,097,262
43,741,576 85,505,096 59,886,862
Non Current Assets held for sale - - -
Total Current Assets 43,741,576 85,505,096 59,886,862
Non Current Assets
Trade and other receivables 49,217,517 49,217,517 49,217,517
Other non current Assets - - -
Investments 60,978,225 60,978,425 60,978,225
Investment property 3,831,234 3,831,234 3,831,234
Property, plant and equipment 927,758,635 892,727,605 887,078,579
Intangible assets 2,978,146 2,596,930 2,701,457
Total Non Current Assets 1,044,763,757 1,009,351,712 1,003,807,012
Total Assets 1,088,505,333 1,094,856,808 1,063,693,873
Current Liabilities
Trade and other payables 4,370,989 10,306,668 8,100,894
Borrowings 2,854,619 (742,720) 2,633,065
Provisions 5,013,310 4,159,334 4,114,390
Other 380,497 2,443,879 1,082,497
Total Current Liabilities 12,619,415 16,167,162 15,930,845
Non Current Liabilities
Trade and other payables - - -
Borrowings 35,247,498 36,747,480 36,747,480
Provisions 8,210,644 8,239,918 8,194,924
Total Non Current Liabilities 43,458,142 44,987,398 44,942,404
Total Liabilities 56,077,557 61,154,560 60,873,249
Net Community Assets 1,032,427,776 1,033,702,248 1,002,820,624
Community Equity
Asset Revaluation Surplus 36,519,656 14,334,106 14,334,106
Retained Surplus / (Defeciency) - - -
Shire Capital 995,908,120 988,486,518 973,851,849
Current Year Net Earnings - 30,881,623 14,634,670
Total Community Equity 1,032,427,776 1,033,702,248 1,002,820,625
Page 17 of 18Section 18
ORDINARY MEETING AGENDA 10 MARCH 2016
7 PETITIONS
8 CLOSED SESSION
9 NEXT MEETING
To be determined following the local government election.
10 MEETING CLOSURE
Page 18 of 18