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2021-06-14 General Committee Meeting Agenda
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AGENDA
General
Committee Meeting
Monday, 14 June 2021
commencing at 10am
Council Chambers, 9 Pelican Street, Tewantin
Committee: Crs Frank Wilkie (Chair), Karen Finzel, Joe Jurisevic, Amelia
Lorentson, Clare Stewart, Brian Stockwell, Tom Wegener
“Noosa Shire – different by nature”
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Section 2
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
TABLE OF CONTENTS
ITEM PAGE
1 ATTENDANCE & APOLOGIES 3
2 CONFIRMATION OF MINUTES 3
3 PRESENTATIONS 3
4 DEPUTATIONS 3
5 ITEMS REFERRED FROM COMMITTEES 3
1 MCU20/0155 - APPLICATION FOR MATERIAL CHANGE OF USE FOR SHORT
TERM ACCOMMODATION AT 75 WILLIAMS ROAD, KIN KIN 3
2 RAL20/0019 – APPLICATION FOR RECONFIGURATION OF A LOT (1 LOT
INTO 2 LOTS) AND CREATION OF AN ACCESS EASEMENT AT 23 JIRIMMA
CRESCENT, COOROIBAH 3
3 MCU19/0081 PLANNING & ENVIRONMENT COURT APPEAL NO. D176 OF
2019 - REFUSAL OF APPLICATION FOR 16 ANCILLARY DWELLING UNITS
AT 64 GATEWAY DRIVE, NOOSAVILLE 3
4 MCU20/0008 - PLANNING & ENVIRONMENT COURT APPEAL NO. D102 OF
2020 – REFUSAL OF ANCILLARY DWELLING UNIT AT 1/33 GATEWAY DRIVE,
NOOSAVILLE 3
5 NOOSA BUSHLAND RESERVE STRATEGIC MANAGEMENT PLAN 4
6 NOOSA BUSHLAND RESERVE STRATEGIC FIRE MANAGEMENT PLAN
2021 4
7 NOOSA BIOSPHERE RESERVE FOUNDATION - NEW PARTNERSHIP
AGREEMENT 2021-2025 4
8 AMENDMENTS TO COMMERCIAL USE OF COMMUNITY LAND POLICY 4
6 REPORTS DIRECT TO GENERAL COMMITTEE 5
9 FINANCIAL PERFORMANCE REPORT – MAY 2021 5
7 CLOSED SESSION 19
Page 2 of 19
Section 3
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
1 ATTENDANCE & APOLOGIES
2 CONFIRMATION OF MINUTES
The Minutes of the General Committee Meeting held on 17 May 2021 be received and
confirmed.
3 PRESENTATIONS
Nil.
4 DEPUTATIONS
Nil.
5 ITEMS REFERRED FROM COMMITTEES
PLANNING & ENVIRONMENT COMMITTEE
1 MCU20/0155 - APPLICATION FOR MATERIAL CHANGE OF USE FOR SHORT TERM
ACCOMMODATION AT 75 WILLIAMS ROAD, KIN KIN
(Planning & Environment Committee Agenda, 8 June 2021, Item 1, Page 4)
Reason for referral – Significance of the issue
2 RAL20/0019 – APPLICATION FOR RECONFIGURATION OF A LOT (1 LOT INTO 2
LOTS) AND CREATION OF AN ACCESS EASEMENT AT 23 JIRIMMA CRESCENT,
COOROIBAH
(Planning & Environment Committee Agenda, 8 June 2021, Item 2, Page 18)
Reason for referral – For further consideration
3 MCU19/0081 PLANNING & ENVIRONMENT COURT APPEAL NO. D176 OF 2019 -
REFUSAL OF APPLICATION FOR 16 ANCILLARY DWELLING UNITS AT 64
GATEWAY DRIVE, NOOSAVILLE
(Planning & Environment Committee Agenda, 8 June 2021, Item 4, Page 36)
Reason for referral – Significance of the issue
4 MCU20/0008 - PLANNING & ENVIRONMENT COURT APPEAL NO. D102 OF 2020 –
REFUSAL OF ANCILLARY DWELLING UNIT AT 1/33 GATEWAY DRIVE,
NOOSAVILLE
(Planning & Environment Committee Agenda, 8 June 2021, Item 5, Page 56)
Reason for referral – Significance of the issue
Page 3 of 19
Section 4
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
5 NOOSA BUSHLAND RESERVE STRATEGIC MANAGEMENT PLAN
(Planning & Environment Committee Agenda, 8 June 2021, Item 6, Page 62)
Reason for referral – Significance of the issue
6 NOOSA BUSHLAND RESERVE STRATEGIC FIRE MANAGEMENT PLAN 2021
(Planning & Environment Committee Agenda, 8 June 2021, Item 7, Page 74)
Reason for referral – Significance of the issue
7 NOOSA BIOSPHERE RESERVE FOUNDATION - NEW PARTNERSHIP
AGREEMENT 2021-2025
(Planning & Environment Committee Agenda, 8 June 2021, Item 8, Page 91)
Reason for referral – Significance of the issue
SERVICES & ORGANISATION COMMITTEE
8 AMENDMENTS TO COMMERCIAL USE OF COMMUNITY LAND POLICY
(Services & Organisation Committee Agenda, 8 June 2021, Item 2, Page 8)
Reason for referral – Significance of the issue
Page 4 of 19
Section 5
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
6 REPORTS DIRECT TO GENERAL COMMITTEE
9 FINANCIAL PERFORMANCE REPORT – MAY 2021
Author Manager Financial Services, Trent Grauf
Corporate Services Department
Index ECM/ Subject/ 22.09 – Monthly Financial Performance Report
Attachments 1. Statement of Income and Expenditure (Profit & Loss and Capital)
2. Statement of Financial Position
3. Statement of Cash Flows
4. Summary of Materials and Services Expenditure
EXECUTIVE SUMMARY
Year to date (YTD) operating performance against current budget as at 31 May 2021 is positive, with
operating revenues performing above forecast due largely to Council facilities and business activity
sales outperforming budget.
YTD Financial Performance Summary
Budget Actual Variance Variance Status
$m $m $m %
Operating Revenue $96.2 $98.3 $2.1 2.2% On Track
Operating Expense $89.6 $88.5 $1.1 1.2% On Track
Operating Position $6.6 $9.8 $3.2 48.2%
Capital Revenue $10.2 $10.8 $0.6 6.4% On Track
Capital Expenditure $20.2 $20.1 $0.1 0.5% On Track
Financial statements including Statement of Income & Expenditure, Statement of Financial Position
(balance sheet), and Statement of Cash Flows are included as attachments for information for
Council.
Figure 1: Actual Performance Compared to Budget
$120
YTD Budget ($m) YTD Actual ($m)
$96.2 $98.3
$100
$89.6 $88.5
$80
$60
$40
$20
$-
Operating Revenue Operating Expenditure
Page 5 of 19
Section 6
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Council’s performance against key measures of financial sustainability have been calculated as at
31 May 2021. These indicators enable the reader to assess Council’s success in managing its
budget, cash and debt as well as undertaking sustainable asset management. The table below
contains a snapshot of a number of key measures, with full detail included in the report.
YTD Measures of Financial Sustainability
Target Current Actual YTD
Budget
Operating Surplus Ratio 0-10% -0.9% 10.0% On Track
Net Financial Liabilities Ratio < 60% -8.1% -35.0% On Track
Cash Cover Ratio 3 months 7.7 months 10.9 months Above Target
Asset Sustainability Ratio > 90% 100.1% 69.8% On Track
RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 14 June 2021 outlining May 2021 year to date financial performance against budget, including
performance against key financial sustainability indicators.
REPORT
Operating Revenue (YTD Benchmark 91.7%)
Council has received 97% ($98.3 million) of its operating revenue budget ($101.2 million).
Commentary on each revenue category is provided below.
Category Summary Comments
Rates and Levies $69.3 million (100%) of the Total rates and levies earned are in line with
annual budget of $69.4 YTD budget.
million has been earned Tourism and Economic Levy $75k below budget
(97% or $2.8 million of $2.9 million budget
earned) - offset by all other rates and charges
above YTD budget
Fees and $6.9 million (98%) of the $7.0 Building application fees $109k above YTD
Charges million annual budget has budget (105% or $803k of $767k budget
been earned earned)
Lions Park holiday parking $106k above YTD
budget (259% or $173k of $67k budget earned)
Waste collection fees for temporary services
and infringements $95k above YTD budget
(119% or $211k of $177k budget earned)
Local Laws infringement revenue $65k above
YTD budget (100% or $1.5 million of $1.5 million
budget earned)
Noosa Community Support fees $108k below
YTD budget (55% of $159k of $291k budget
earned) – offset by lower costs
Sale of Goods $10.6 million (105%) of the Holiday Park sales $489k above YTD budget
and Services $9.9 million budget has been (111% or $3.5 million of $3.2 million budget
received earned) – Any positive revenue variances that
hold through the financial year will be offset in
part by additional variable operating costs
including park commissions
Page 6 of 19
Section 7
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Category Summary Comments
Community Facilities (NAC, NLC and The J)
$301k above YTD budget (106% or $2.4 million
of $2.2 million budget earned) – Any positive
revenue variances that hold through the
financial year will be offset in part by additional
variable operating costs
Waste management disposal fees and sale of
recoverable materials $389k above YTD budget
(100% or $4.4 million of $4.4 million budget
earned)
Interest $750k (96%) of the $870k Interest revenues on cash invested will need
Received annual budget has been ongoing monitoring given further recent interest
earned rate cuts and impacts on term deposit / cash
fund rates
Unitywater On track Nil
Dividend and
Tax
Other Revenue $2.3 million (106%) of the Recoupment of Unitywater charges from
$2.06 million budget has lessees $140k above YTD budget - offset by
been earned additional utility charge expenses
Commercial lease revenue $229k above YTD
budget (112% or $1.0 million of $919k budget
earned)
Operating $4.8 million (77%) of the $6.2 50% ($1.2 million) of the financial assistance
Grants, million budget has been grant was prepaid in May 2020, with the
Subsidies received prepayment approach being extended to the
2021/22 year and first payment due in June
2021
All other operating grants are in line with budget
expectations at this stage
Unitywater On track Unitywater distributions are fixed each year so
Distributions there is little budget variance risk
Figure 2: Operating Revenue Position by Type (Excluding Rates)
$12.0
$10.5
$9.3
YTD Budget ($m) YTD Actual ($m)
$10.0
$8.0 $6.9
$6.4
$6.0
$4.7 $4.8
$3.8 $3.8
$4.0
$2.0 $0.8 $1.3
$1.1 $0.8 $1.0
$0.8
$0.0
Charges
Income
Other
Grants
Goods &
Unitywater
Services
Sales of
Rental
Interest
Fees &
Share of
Page 7 of 19
Section 8
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Operating Expenditure (YTD Benchmark 91.7%)
Actual operating expenditure is currently 87% ($88.5 million) of full year budget ($102.1 million).
Detailed commentary for each expenditure category is provided below.
Category Summary Comments
Employee $31.5 million (90%) of the Under expenditure for permanent staff salaries
Costs annual budget of $34.9 and wages ($2.6 million) partially offset by
million has been expended additional spend on casual staff and external
labour hire ($1.3 million) as well as overtime and
allowances ($300k)
38% or $125k of $330k training budget spent as
at 31 May 2021.
Materials and $38.2 million (82%) of the Development appeal costs $294k below YTD
Services $46.6 million annual budget budget (63% or $916k of $1.5 million budget
has been expended spent) – noting this is still within the original
budget estimate of $1.1 million.
Works operations $171k below YTD budget (81%
or $2.5 million of $3.1 million spent) – timing of
maintenance works
Libraries services $118k below YTD budget (64%
or $689k of $1.1 million budget spent) – primarily
due to timing of library collection purchases and
programs
Parks and landscape $84k below YTD budget
(89% or $3.9 million of 4.4 million spent) – Water
utility costs and timing of maintenance works
Noosa Community Support $78k below YTD
budget (75% or $569k of $761k budget spent) –
offset by lower fee revenue
Natural Area costs $71k below YTD budget (64%
or $847k of $1.3million budget spent)
Development application costs $58k above YTD
budget (119% or $250k of $210k budget spent) –
offset by additional application revenues
Holiday parks $167k above YTD budget (106%
or $1.5 million of $1.4 million budget spent) –
relating to variable operating costs (including
commissions) offset by additional revenues
Finance Costs On track Nil
Depreciation On track Nil
Other Expenses On track Nil
Page 8 of 19
Section 9
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Figure 3: Operating Expenditure Position by Type
$45.0
$38.7 $38.2
$40.0
YTD Budget ($m)
$35.0 $31.9 $31.5
YTD Actual ($m)
$30.0
$25.0
$20.0 $17.4 $17.4
$15.0
$10.0
$5.0 $1.4 $1.2 $0.2 $0.2
$0.0
Finance Costs
Materials
Depreciation
Employees
Other
Capital Revenue
YTD capital revenue of $10.8 million received comprises cash contributions from developers ($2.1
million) and capital grants ($8.5 million). Note that the timing of capital grant receipts are generally
dependent on the timing of grant conditions and also capital delivery performance, and that the timing
of the receipt of developer contributions (both cash and contributed) is unpredictable.
Figure 4: Capital Revenue by Type
$9.0 $8.5 $8.5
$8.0
$7.0 YTD Budget ($m)
YTD Actual ($m)
$6.0
$5.0
$4.0
$3.0
$2.1
$2.0 $1.6
$1.0 $0.1 $0.2
$0.0
Contributions
Subsidies
Contributed
Grants /
Assets
Cash
Page 9 of 19
Section 10
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Capital Program
Actual capital expenditure (excluding commitments) is $20.1 million (YTD budget $20.2 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by the Asset Planning Manager.
Figure 5: Capital Program Delivery Performance
$18.0
$15.7 $15.7
$16.0
YTD Budget ($m)
$14.0 YTD Actual ($m)
$12.0
$10.0
$8.0
$6.0
$4.0
$2.1 $2.0 $2.4 $2.4
$2.0
$0.0
Capital works Other capital Loan redemption
Cash Management and Investment Performance
Total cash on hand at the end of May was $73.1 million. Included in this balance are funds held in
trust and for restricted purposes (e.g. unexpended levy and grant funds), cash inflows from the
January rate levy, prepaid grants including the financial assistance grant and other capital works
grants, as well as any other monies committed for funding capital projects which are underway and
will continue during the financial year.
The following pie charts present the mix of cash held at May 2021 by agency (graph on the left) and
by credit risk rating (graph on the right). All funds have been invested in accordance with the
Investment Policy and in consideration of the principles of ethical investment, preservation of capital,
return on investment and counterparty thresholds.
Figure 6: Closing Cash Held by Agency and Credit Rating
CBA A1 +
6% (Commercial…
QTC A1 +
94% (QTC…
Page 10 of 19
Section 11
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
The following chart monitors the 12-month trend on total cash and the agencies invested. Payments
received in February through to April from bi-annual rates generated a significant increase in cash,
which was has been invested in short term QTC deposits in line with Council’s Investment Policy.
Figure 7: 12 Month Trend of Cash Invested by Agency
100,000,000
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
-
Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding financial
performance year to date.
Category Comments
Operating Surplus Ratio Intent: Identifies the extent to
90% which revenues cover operational
80%
77.3% expenses, to ensure community
70%
equity is not degraded.
59.1%
60% Target: 0 – 10%
50% 43.2% Result: 10.0%
37.9%
40% 30.9% 30.7% Comment: The ratio will decline
30% 22.4% through to June as the January
15.7% 16.9%
20%
10.0% rates are expended on delivery of
10% 4.6% Council services.
0%
-10%
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Actual Budget Target
Page 11 of 19
Section 12
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Category Comments
Cash Expense Cover Intent: Indicates how long
14.0 Council can continue paying its
12.5 12.2 day-to-day expenses from cash
Months (Cash to Cover Operations)
11.5 11.6
12.0 11.1 10.7 10.9 at bank without needing
10.1 9.7
10.0 9.1 additional cash flows.
8.6 8.7
Target: > 3 months
8.0
Result: 10.9 months
6.0
Comment: Whilst current cash
4.0 cover remains above target,
business as usual expenditure
2.0
and any other unforeseen
- - - - - - - - - - - - - financial impacts through to 30
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June 2021 will reduce Council’s
Actual Minimum (>0 months) cash holdings.
Target (3 months) Maximum (6 months)
Asset Sustainability Ratio Intent: Measures the extent to
120% which assets are being replaced
100.1%
as their condition degrades to
100% ensure service potential is
90% maintained.
80%
62%
67% 70% Target: 90% of depreciation
59% 60% budget spent on renewals
60% 55%
45% annually
40% 29%
34%
Result: In line with budget
13%
Comment: The ratio will
20%
progressively increase each
1% #N/A
0% month as expenditure on asset
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun renewals occurs though to 30
June.
Actual Renewal Spend (%) Target (%) Renewals Budget (%)
Net Financial Liabilities Ratio Intent: Outlines the level that net
Council debt can be serviced by
80%
operating revenues. A ratio below
60% zero implies that liabilities are
60%
less than cash (and other current
assets) and there is adequate
40% borrowing capacity available if
needed.
20%
Target: less than 60%
Result: - 35%
0%
Target Budget YTD Actual Comment: Council has low debt
-20% -8% levels and strong cash holdings.
The ratio will reduce through to
June as cash is expended on
-40% -35% capital and operational activities.
Page 12 of 19
Section 13
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Category Comments
Investment Return Intent: Ensure appropriate return
on investment yield for cash at
bank.
Target: 0.25% above current
Bloomberg commonwealth 10
year bond rate yield (0.00%)
Result: 0.48%
Comment: Regardless of the
current levels of low long term
bond and interest rates (due to
current economic conditions),
Council’s investment return still
remains above target.
Rates in Arrears Intent: Ensuring that the amount
of unpaid rates remains
12.0%
Percentage of Annual Rates in Arrears
sustainable and does not
9.6% 9.5% negatively impact cash flows.
10.0%
Target: 5% industry benchmark
8.0% 7.1% 7.4%
6.5%
6.0% 5.8% 5.7% 6.2% Result: 6.2%
5.8%
6.0% 5.0% Comment: Following issue of
4.5%
reminder notices in April, rates
4.0%
arrears are reducing and are in
2.0%
line with performance for the
previous 6 monthly cycle.
0.0%
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Actual Target
Previous Council Consideration
Nil.
Finance
As above.
Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial sustainability.
Effective budget management and reporting is an important risk mitigation tool.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Page 13 of 19
Section 14
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Departments/Sections Consulted:
X Chief Executive Officer X Community Services X Corporate Services
Executive Support Director X Director
Community Development X Financial Services
Community Facilities Fleet
Libraries & Galleries ICT
Local Laws Procurement
Waste & Environmental Health Property
Revenue Services
X Executive Services X Environment & Sustainable Development X Infrastructure Services
Director Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 14 of 19
Section 15
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Page 15 of 19
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Profit and Loss Statement
Revenue
Recurrent Revenue
Rates, levies and charges 69,324 69,302 69,293 (9) 100%
Fees and charges 7,048 6,386 6,882 496 98%
Interest received 870 756 750 (6) 86%
Sale of Goods and major services 9,998 9.328 10,542 1,214 105%
Sale of contract and recoverable works 23 - 6 6 25%
Rental & lease income 1,197 1,059 1,314 254 110%
Other income 865 828 966 139 112%
Grants, subsidies, contributions and donations 6,188 4,739 4,750 11 77%
Unitywater Distributions 5,650 3,836 3,836 - 68%
101,162 96,233 98,339 2,105 97%
Expenses
Recurrent Expenses
Employee benefits 34,868 31,913 31,510 403 90%
Materials and services 46,551 38,747 38,158 590 82%
Finance costs 1,538 1,412 1,227 185 80%
Depreciation 18,963 17,383 17,403 (20) 92%
Other expenses 189 156 228 (72) 121%
102,109 89,611 88,525 1,086 87%
OperatingResutt 9847 562282
Summary of Capital Expenditure and Funding
Capital Funding
Capital cash contributions and infrastructure charges 1,621 1,551 2,073 522 128%
Contributed assets 2,000 149 240 91 12%
Capital grants and subsidies 11,588 8,501 8,525 24 T4%
Cash / revenue 14,614 10,164 12,482 2,319 85%
New loan borrowings 3,420 - 2,500 - 73%
Other capital revenue - - 12 12 0%
Total Capital Funding 33,243 20964 25892968
Capital Expenditure
Contributed assets 2,000 149 240 91 12%
Capital works - constructed assets 24,763 15,663 15.716 54 63%
Capital works - other capital 4,066 2,139 1,990 (149) 49%
Loan redemption 2,414 2,414 2.414 - 100%
Other capital expenses - 7 5.472 5,472 0%
Total CapitalExpenditure 33,243 20,864 25832 ABR
Page 15 of 19Section 16
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Page 16 of 19
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Current Assets
Cash and cash equivalents 43,016 73,148 57,023
Trade and other receivables 9.085 6,000 5,440
Inventories 198 178 181
Contract Assets - 27 27
Other current assets 2,466 2,725 4,732
54,765 82,078 67,403
Non Current Assets held for sale - - -
Total Current Assets 54,765 82,078 67,403
Non Current Assets
Trade and other receivables 49.718 49 593 49 593
Other non current Assets - - -
Investments 83,342 88,040 88,040
Investment property 3,300 3,000 3,000
Property, plant and equipment 948.640 926,301 929,355
Right of Use Assets - 161 161
Intangible assets 7,773 8.042 7,635
Total Non Current Assets 1,092,773 1,075,136 1,077,783
Total Assets 1,147,538 1,157,213 1,145,186
Current Liabilities
Trade and other payables 6,419 12,604 10,642
Contract Liabilities - 1,568 1,568
Borrowings 3,116 2,676 3,023
Lease Liablities - 54 54
Provisions 4,630 266 4,630
Other 2,778 1,053 1,561
Total Current Liabilities 16,942 18,221 21,478
Non Current Liabilities
Borrowings 19.637 18,493 18,493
Lease Liabilities - 110 110
Provisions 12,054 15,399 15,307
Total Non Current Liabilities 31,691 34,002 33,910
Total Liabilities 48,633 52,223 55,388
Net Community Assets 1,098,905 1,104,990 1,089,798
Community Equity
Asset Revaluation Surplus 85,293 86,525 86,525
Retained Surplus / (Defeciency) - - -
Shire Capital 1,013,612 1,003,273 992,284
Current Year Net Eamings - 15,192 10,989
Total Community Equity 1,098,905 1,104,990 1,089,798
Page 16 of 19Section 17
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Page 17 of 19
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Cash flows from operating activities
Cash Flows from Operating Activities
Receipts from Customers 82,924 92,873 91,168
Payments to Suppliers and Employees (81,041) (76,750) (82,671)
1,883 16,123 8.498
Receipts:
Investment and Interest Revenue Received 3,470 2,415 3,937
Rental Income 1,194 1,314 1,003
Non Capital Grants and Contributions 6,087 4,750 5,315
Income Tax Equivalent Received 1,200 1,305 1,857
Income from Equity Investments 1,850 865 1,396
Payments:
Borrowing Costs - (2,499) -
Interest Expense (1,092) (122) (143)
‘Net Cash Inflow/(Outflow) from Operating Activities = 14,592) 21520 2,86
Cash Flows from Investing Activities
Receipts:
Proceeds of Sale of Property, Plant and Equipment - 217 284
Grants, Subsidies, Contributions and Donations 13,162 10,597 8.640
Payments:
Payments of Property, Plant and Equipment (31,529) (19,087) (24,208)
Payments for Intangible Assets (1,449) (1,116) (1,710)
Net Movement in Loans and Advances - 125 125
‘Net Cash Inflow/(Outflow) from Investing Activities == __ (19,816) (9,264) (16,869)
Cash Flows from Financing Activities
Receipts:
Proceeds from Borrowings 3,420 2,500 -
Payments:
Repayment of Borrowings (2,670) (1,263) (3,950)
‘Net Increase/(Decrease) in Cash and Cash Equivalentsheld = (4,474) 16,250,082
Cash and Cash Equivalents at the beginning of the reporting period 57,024 57,023 55,981
Page 17 of 19Section 18
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Page 18 of 19
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
Materials and services
Advertising and Marketing 229 190 154 36 67%
Administration Supplies and Consumables 683 587 533 54 78%
Audit Expenditure 160 48 48 (0) 30%
Communications and IT 678 605 603 2 89%
Commission Paid 964 925 1,110 (185) 115%
Consultancy Services 1,008 758 946 (188) 94%
Contract Services 22,884 18,603 18,639 (36) 81%
Contributions, Donations, Sponsorship and Prizes 3,382 3,348 3,343 5 99%
Electricity 1,654 1,489 1,421 68 86%
Intemal Fleet Costs and External Plant Hire 1,615 1,372 1,640 (269) 102%
Grants Paid to Community Organisations 1,552 1,008 1,013 (6) 65%
Insurance 625 617 636 (19) 102%
Legal Expenses 1,752 1,443 1,261 182 72%
Operating Leases and Rentals 256 248 277 (29) 108%
Software and Maintenance 2,003 1,671 1,523 148 76%
Subscriptions and Registrations 275 230 280 (50) 102%
Waste Levy Payments 1,185 1,084 1,299 (215) 110%
Water and Sewerage Charges 1,091 1,025 801 223 73%
All Other Materials and Services 4,554 3,497 2,628 869 58%
46,551 38,747 38,158 590 82%
Page 18 of 19Section 19
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
7 CLOSED SESSION
Nil.
Page 19 of 19
GENERAL COMMITTEE MEETING AGENDA 14 JUNE 2021
7 CLOSED SESSION
Nil.
Page 19 of 19