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2018-07-06 Special Meeting Agenda
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SPECIAL MEETING AGENDA 6 JULY 2018
Depreciation
The budget includes asset consumption costs of $19.2 million and has increased by $687k when
compared to the 2017/18 budget due to Council’s recent significant capital investment and
increased value of Council’s infrastructure base.
Other Expenses
Other expenses are estimated at $154k for 2018/19.
6 Capital Budget
Council’s 2018/19 capital budget of $29.1 million includes an investment of $21.9 million to renew
existing infrastructure, with an additional $7.2 million for new and upgrade works. Council intends
to fund the program via a mix of grants ($3.3 million), loan borrowings ($4.9 million) and cash
($20.9 million).
A number of significant projects are continuing into the 2018/19 financial year including the
Noosa Heads Park Road boardwalk renewal, Noosaville library refurbishment, Cooroy bridge
replacements and the Tewantin Hilton Terrace & Ernest Street intersection upgrade. The full list
of projects for the 2018/19 financial year is contained in the Noosa Council 2018/19 Budget
document.
Previous Council Consideration
Nil.
Finance
The Revenue Policy and Statement is the head of power that allows Council to levy rates and
charges on an annual basis.
Risks & Opportunities
Adoption of the annual budget is required under section 107A of the Local Government Act 2009
to provide Council the power to levy rates and charges, charge fees and expend funds on
delivering services to the community.
Consultation
External Consultation - Community & Stakeholder
Specific local associations and ratepayer groups have been consulted where required with
respect to the development of special rates for the 2018/19 financial year.
Internal Consultation
All areas of Council have been involved in the development of the proposed budget and a
number of workshops have been held with Councillors
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