2015-03-12 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                                                      12 MARCH 2015


Issue           Amount as per    Amount Noosa      Amount    Independent Consultant             Minister       Notes
                Transfer         Council claimed   SCRC      Recommendation                     Decision –
                Committee        payable           Claimed                                      Noosa to
                Cash                               payable                                      receive this
                Reconciliation                                                                  amount
                Statement
4. Unearned     $567K            $724K (in         $567K     The Consultants recommend          $0
   Revenue      (Disputed)       addition to the   (total)   that the Minister determine that
                                 Transfer                    the SCRC treatment of
                                 Committee Cash              unearned revenue as a region
                                 Reconciliation              specific item is correct
                                 Statement)
5. Unitywater   $0 (Disputed)    $3.1M             $0        The Consultants are unable to      $1.148M           Minister applied a shareholding
   Dividend                                                  make a recommendation in                              percentage (10.18%) rather
                                                             relation to the Unitywater                            than a cash split percentage
                                                             Dividend without expert                               (25.29%)
                                                             accounting advice on the
                                                             correct treatment of the
                                                             Dividend in SCRC’s books at
                                                             31 December 2013.




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