Meeting papers

 ATTACHMENT 1 - STATEMENT OF INCOME & EXPENDITURE

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2023
As at 30 June 2023
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance          Annual
                                                              2023        YTD       YTD         YTD          Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)           %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                83,239     83,239     83,190         (49)         100%
   Fees and charges                                          8,651      8,651      8,251       (399)           95%
   Interest received                                         3,200      3,200      4,432       1,232          138%
   Sale of Goods and major services                         13,218     13,218     13,870         652          105%
   Sale of contract and recoverable works                       23         23         51          29          227%
   Rental & lease income                                     1,626      1,626      1,747         122          107%
   Other income                                              1,030      1,030      1,834         804          178%
   Grants, subsidies, contributions and donations            5,743      5,743      6,941       1,198          121%
   Unitywater Distributions                                  5,950      5,950      5,950           -          100%
                                                           122,679    122,679    126,267       3,587          103%
Expenses
   Recurrent Expenses
   Employee benefits                                        42,423     42,423     41,375       1,047           98%
   Materials and services                                   58,883     58,883     53,614       5,269           91%
   Finance costs                                             1,301      1,301      1,327         (27)         102%
   Depreciation                                             19,654     19,654     19,681         (26)         100%
   Other expenses                                              256        256        227           29          89%
                                                           122,517    122,517    116,225       6,292           95%

Operating Result                                               163        163     10,042       9,879

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,505      1,605      3,212       1,607          213%
   Contributed assets                                        1,500      1,500        451     (1,049)           30%
   Capital grants and subsidies                             32,136     32,036     36,921       4,885          115%
   Cash / revenue                                           17,242     23,001     10,446    (12,555)           61%
   New loan borrowings                                       5,759          -          -           -           0%
   Other capital revenue                                         -          -         18          18           0%
Total Capital Funding                                       58,142     58,142     51,048     (7,094)

Capital Expenditure
   Contributed assets                                        1,500      1,500        451     (1,049)           30%
   Capital works - constructed assets                       52,762     52,762     44,289     (8,473)           84%
   Capital works - other capital                             2,877      2,877      1,301     (1,576)           45%
   Loan redemption                                           1,003      1,003      1,003           -          100%
   Other capital expenses                                        -          -      4,003       4,003           0%
Total Capital Expenditure                                   58,142     58,142     51,048     (7,094)




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