Meeting papers

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2024
As at 31 May 2024
                                                           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                                88,893     88,862     88,959          97          100%
   Fees and charges                                         11,233      9,900      8,545     (1,355)           76%
   Interest received                                         4,920      4,695      6,524       1,829          133%
   Sale of Goods and major services                         14,781     13,470     15,090       1,619          102%
   Sale of contract and recoverable works                       23          -          0            0          0%
   Rental & lease income                                     1,733      1,558      1,550          (8)          89%
   Other income                                              1,129        935      1,439         504          127%
   Grants, subsidies, contributions and donations            7,525      3,386      3,462          76           46%
   Unitywater Distributions                                  5,950      3,719      3,371       (347)           57%
                                                           136,187    126,526    128,940       2,415           95%
Expenses
   Recurrent Expenses
   Employee benefits                                        48,987     44,300     42,773       1,527          87%
   Materials and services                                   63,946     51,438     51,455         (17)         80%
   Finance costs                                             1,401      1,287      1,259           28         90%
   Depreciation                                             21,294     19,519     19,523          (4)         92%
   Other expenses                                              255        171        132           39         52%
                                                           135,883    116,715    115,142       1,573          85%

Operating Result                                               304      9,811     13,799       3,988

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,584      1,584      2,344         759          148%
   Contributed assets                                        1,500      1,500      3,017       1,517          201%
   Capital grants and subsidies                            134,381     21,944     27,362       5,418           20%
   Cash / revenue                                           31,534     59,605     34,575    (25,030)          110%
   New loan borrowings                                       5,759          -          -           -           0%
   Other capital revenue                                         -          -         18          18           0%
Total Capital Funding                                      174,758     84,633     67,315    (17,318)

Capital Expenditure
   Contributed assets                                        1,500      1,500      3,017       1,517          201%
   Capital works - constructed assets                      165,682     76,607     55,912    (20,695)           34%
   Capital works - other capital                             6,366      5,316      2,272     (3,043)           36%
   Loan redemption                                           1,210      1,210      1,210           -          100%
   Other capital expenses                                        -          -      4,903       4,903           0%
Total Capital Expenditure                                  174,758     84,633     67,315    (17,318)




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