2018-12-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   17 DECEMBER 2018




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GENERAL COMMITTEE MEETING AGENDA                                                          17 DECEMBER 2018

 Noosa Council                                                                                        ATTACHMENT 1
Statement of Income and Expenditure
For the Year Ended 30 June 2019
As at 30 November 2018
                                                      Current          Current
                                                      Budget           Budget           Actual        Variance        Annual
                                                         2019             YTD              YTD             YTD        Budget
                                                       ($'000)          ($'000)         ($'000)          ($'000)         %
Profit and Loss Statement

Revenue
    Recurrent Revenue
    Rates, levies and charges                           66,553          33,276           33,191             (85)        50%
    Fees and charges                                     5,547           2,718            3,159             441         49%
    Dividend income                                      1,600                -               -                -        0%
    Interest received                                    4,406           2,099            2,212              114        48%
    Tax equivalents                                      1,450             663              663                -        36%
    Sale of Goods and major services                     8,770           3,611            3,975              365        35%
    Sale of contract and recoverable works                 16                 -               2                2        5%
    Rental & lease income                                1,530             679              654             (26)        36%
    Other income                                          846              442              648              206        12%
    Grants, subsidies, contributions and donations       5,261           2,081            2,144               64        36%
                                                        95,978          45,567           46,648            1,081        46%
Expenses
    Recurrent Expenses
    Employee benefits                                   32,326          12,340           11,654            (685)        29%
    Materials and services                             41,817           16,305           16,027            (278)        32%
    Finance costs                                        2,400            1,000             975             (25)        31%
    Depreciation and amortisation                       19,264           8,027            8,031                4        33%
    Other expenses                                        154               71               88               18        44%
                                                        95,961          37,742           36,775            (967)        31%

Operating Result                                           17            7,825            9,873            2,048

Summary of Capital Revenue and Expenditure

Capital Revenue
    Capital contributions and donations                  4,043             561              808              247        8%
    Grants, subsidies, contributions and donations       3,375             946              995               48        28%
    Other capital revenue                                    -                -               -                -
Total Capital Revenue                                    7,419           1,507            1,802              295

Capital Expenditure
    Contributed assets                                   2,000                -               -                -        0%
    Constructed assets                                  29,815          15,159           14,077           (1,082)       47%
    Other capital expenses                                   -                -             308              308
Total Capital Expenditure                               31,815          15,159           14,385            (774)

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