2019-09-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   16 SEPTEMBER 2019


                                      Attachment 1




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GENERAL COMMITTEE MEETING AGENDA                                                                     16 SEPTEMBER 2019

                                                                                                               Attachment 1

 Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2020
As at 31 August 2019
                                                        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           34,381            34,563              181        50%
    Fees and charges                                        6,652            1,741             1,909              167        29%
    Dividend income                                         1,600                 -                -                -         0%
    Interest received                                       4,010              208              284                75         7%
    Tax equivalents                                         1,450              177              177                 -        12%
    Sale of Goods and major services                       10,127            1,371             1,393               22        14%
    Sale of contract and recoverable works                     23                 -               0                 0         1%
    Rental & lease income                                   1,296              205              212                 7        16%
    Other income                                              880              150              130              (21)        15%
    Grants, subsidies, contributions and donations          5,130            1,013             1,098               85        21%
                                                           99,869           39,247            39,764              517        40%
Expenses
    Recurrent Expenses
    Employee benefits                                      33,867            5,120             4,893            (227)        14%
    Materials and services                                 45,544            8,201             7,435            (765)        16%
    Finance costs                                           1,528              255              257                 3        17%
    Depreciation and amortisation                          18,713            3,119             3,119                -        17%
    Other expenses                                            188               54               45               (9)        24%
                                                           99,841           16,748            15,749            (999)        16%
Operating Result                                               29           22,499           24,015             1,516

Summary of Capital Revenue and Expenditure

Capital Revenue
    Capital contributions and donations                     4,134              273              270               (3)         7%
    Capital grants and subsidies                            5,954              945              945                 -        16%
    Other capital revenue                                       -                 -                -                -         0%
Total Capital Revenue                                      10,088            1,218             1,215              (3)

Capital Expenditure
    Contributed assets                                      2,000                 -                -                -         0%
    Constructed assets                                     30,880            2,641             1,727            (914)         6%
    Other capital expenses                                      -                 -               6                 6         0%
Total Capital Expenditure                                  32,880            2,641             1,733            (908)

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