FINANCIAL PERFORMANCE REPORT – MAR 2025 · Attachment 1 Statement of Income and Expenditure - Mar 2025

Attachment 1 - Statement of Income and Expenditure


Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
As at 31 March 2025
                                                           Current    Current                                    Prior Year
                                                           Budget     Budget     Actual    Variance     Annual       Actual
                                                              2025        YTD       YTD         YTD     Budget         YTD
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %         ($'000)
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                94,308     94,248     94,122       (125)     100%        88,893
   Fees and charges                                         10,986      8,372      7,992       (379)     73%          7,177
   Interest received                                         3,711      3,263      4,965       1,703     134%         5,336
   Sale of Goods and major services                         15,914     12,144     12,561         418     79%         12,287
   Sale of contract and recoverable works                       31         13         13          (0)     43%             0
   Rental & lease income                                     2,234      1,807      1,810            3    81%          1,298
   Other income                                                981        717      1,097         380     112%         1,172
   Grants, subsidies, contributions and donations            7,169      4,875      5,069         194     71%          3,371
   Unitywater Distributions                                  5,950      3,256      3,258            3    55%          3,139
                                                           141,283    128,694    130,889       2,195     93%        122,672
Expenses
   Recurrent Expenses
   Employee benefits                                        53,122     39,502     38,961         540     73%         35,101
   Materials and services                                   62,809     44,285     44,870       (585)     71%         42,198
   Finance costs                                             3,032      1,880      1,677         203     55%            977
   Depreciation                                             21,936     16,452     16,460          (8)    75%         15,974
   Other expenses                                              246        178        126          52     51%            127
                                                           141,145    102,296    102,095         202     72%         94,377

Operating Result                                               138     26,397     28,794       2,397                 28,295

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429      1,009      1,045          36     73%          1,523
   Contributed assets                                        1,500        593      1,770       1,176     118%         2,975
   Capital grants and subsidies                             90,464     39,309     49,275       9,966     54%         25,857
   Cash / revenue                                           33,025     70,168     16,449    (53,719)     50%         19,782
   New loan borrowings                                           -          -          -           -      0%              -
   Other capital revenue                                         -          -          -           -      0%             18
Total Capital Funding                                      126,418    111,079     68,539    (42,541)                 50,155

Capital Expenditure
   Contributed assets                                        1,500        593      1,770       1,176     118%         2,975
   Capital works - constructed assets                      112,895    101,583     57,111    (44,472)     51%         41,056
   Capital works - other capital                            10,782      7,662      3,492     (4,169)     32%          1,792
   Loan redemption                                           1,241      1,241      1,241           -     100%         1,210
   Other capital expenses                                        -          -      4,925       4,925      0%          3,122
Total Capital Expenditure                                  126,418    111,079     68,539    (42,541)                 50,155