Annual Report 2016-17

                                                                                            Financial Statements 2017



 Noosa Shire Council

 Notes to the Financial Statements
 for the year ended 30 June 2017

Note 3. Revenue Analysis
                                                                                                    2017                   2016
                                                                                                    $'000                  $'000


Rates, levies, grants and other revenue are recognised as revenue on receipt of funds
or earlier upon unconditional entitlements to the funds.

(a). Rates, Levies and Charges
Where rates monies are received prior to the commencement of the rating/levying
period, the amount is recognised as revenue in the period in which they are received,
otherwise rates are recognised at the commencement of rating period.

General Rates                                                                                     46,988             45,418
Separate Rates                                                                                     5,301              5,136
Special Rates                                                                                      1,560              1,444
.w~s,te Utility Charg~s                                                                           11. ~3             11,226
Total rates and utility charge revenue                                                            65,150             63,224
Less: Discounts                                                                                   (1 ,850)           (1 ,802)
Less: Pensioner remissions                                                                           (769)              (757)

TOTAL RATES. LEVIES AND CHARGES                                                               62,531                60,665
                                                                                                                               =

(b). Fees and Charges
Fees and charges are recognised upon unconditional entitlement to the funds.
Generally this is upon lodgement of the relevant applications or documents, issuing
of the infringement notice or when the service is provided.

Building and Development Fees                                                                      2,524               2,819
Perm its and Licences                                                                                745                 808
Fines and Penalties                                                                                  179                  47
Registration Fees                                                                                    293                 292
Parking Penalties                                                                                    587                 612
User Fees and Charges                                                                                594                 567
Other Statutory Fees                                                                                 572                 556

TOTAL FEES AND CHARGES                                                                            _5,494              5,701
                                                                                                       -     -

(c). Interest and Investment Revenue
Interest received from term deposits is accrued over the term of the investment.
Dividends are recognised once they are formally declared by the directors of the
associated entities.

Investments                                                                                       1,704               1,786
Interest from Overdue Rates and Utility Charges                                                     504                 484
Loan to Unitywater                                                                                2,623               2,638

TOTAL INTEREST AND INVESTMENT REVENUE                                                             4,831._             4,908
                                                                                        -     -
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