11 Financial Performance Report - May 2025

GENERAL COMMITTEE MEETING                                                             16 JUNE 2025


 Expenditure                             YTD Budget       YTD Actual       Variance
                                              $’000            $’000          $’000
 Tourism Noosa Funding Agreement             $2,520.0        $2,520.0             -
 Economic Development                        $1,032.5        $1,002.2         $30.3
 Total                                       $3,552.5        $3,522.2         $30.3

All instalments payable under the Tourism Noosa agreement for the 2024-25 financial year have
been made. In May 2025, Council resolved to extend the Tourism Noosa agreement for a further
12 month period.

    •    Employee Costs $34.0k below YTD budget (86.2% or $564.0k of $654.6k annual budget
         spent)
    •    Materials & Services are in line with budget YTD (93.5% or $2.7m of $3.0m annual budget
         spent)

Capital Revenue
Year to date Capital revenue of $59.9 million received comprises cash contributions from
developers ($1.3 million) and capital grants ($56.8 million). Note that the timing of capital grant
receipts are generally dependent on the timing of grant conditions and also capital delivery
performance, and that the timing of the receipt of developer contributions (both cash and
contributed) is unpredictable.

Grants and subsidies are higher than prior years due to the receipt of funding from the
Queensland Reconstruction Authority for reconstruction works relating to the Black Mountain
landslip and several other flood impacted sites, which are currently under construction.
Figure 6: Capital Revenue by Type