FINANCIAL PERFORMANCE REPORT – OCTOBER 2023 · Attachment 1 Statement of Income and Expenditure - Oct 2023

Attachment 1 - Statement of Income & Expenditure


Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2024
As at 31 October 2023
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance     Annual
                                                              2024        YTD       YTD         YTD     Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                89,287     44,585    44,503          (82)    50%
   Fees and charges                                         11,363      4,473     4,233        (240)     37%
   Interest received                                         2,820      1,071     2,393        1,323     85%
   Sale of Goods and major services                         13,904      4,173     4,859          686     35%
   Sale of contract and recoverable works                       23          -         0             0    0%
   Rental & lease income                                     1,733        530       502          (28)    29%
   Other income                                              1,129        252       385          133     34%
   Grants, subsidies, contributions and donations            6,225      1,517     1,843          327     30%
   Unitywater Distributions                                  5,950      2,109     2,214          105     37%
                                                           132,434     58,708    60,932        2,223     46%
Expenses
   Recurrent Expenses
   Employee benefits                                        49,593     16,479    15,578         901      31%
   Materials and services                                   60,653     19,268    19,213           55     32%
   Finance costs                                             1,401        479       522         (42)     37%
   Depreciation                                             21,294      7,098     7,101          (3)     33%
   Other expenses                                              255         94        78           15     31%
                                                           133,195     43,417    42,492         925      32%

Operating Result                                              (761)    15,291    18,440        3,148

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,584        286       286            -     18%
   Contributed assets                                        1,500          -       754          754     50%
   Capital grants and subsidies                              8,696      1,426     6,257        4,831     72%
   Cash / revenue                                           35,293     14,406    11,453      (2,953)     32%
   New loan borrowings                                       5,759          -         -            -     0%
   Other capital revenue                                         -          -        18           18     0%
Total Capital Funding                                       52,833     16,118    18,769        2,650

Capital Expenditure
   Contributed assets                                        1,500          -       754          754     50%
   Capital works - constructed assets                       43,112     14,226    16,624        2,398     39%
   Capital works - other capital                             7,010      1,288       514        (774)     7%
   Loan redemption                                           1,210        605       605            -     50%
   Other capital expenses                                        -          -       272          272     0%
Total Capital Expenditure                                   52,833     16,118    18,769        2,650