BUDGET REVIEW 1 (BR1) FOR THE 2024/25 FINANCIAL YEAR · Attachment 3 - BR1 Statement of Income and Expenditure 2024-25

Attachment 3 - Statement of Income and Expenditure (BR1)

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
                                                   Original     Proposed     Revised BR1
                                                   Budget     Adjustments         Budget
                                                    ($'000)        ($'000)        ($'000)

Revenue
  Recurrent Revenue
  Rates, levies and charges                          94,398              -         94,398
  Fees and charges                                   10,936              -         10,936
  Interest received                                   3,150              -          3,150
  Sale of Goods and major services                   15,632              -         15,632
  Sale of contract and recoverable works                                 -              -
  Rental & lease income                               2,273              -          2,273
  Other recurrent income                              1,001              -          1,001
  Grants, subsidies, contributions and donations      5,464          1,190          6,653
  Unitywater Distributions                            5,950                         5,950
                                                    138,804          1,190        139,993
Expenses
  Recurrent Expenses
  Employee benefits                                  52,482             95         52,577
  Materials & services                               60,990          1,352         62,343
  Finance costs                                       3,032              -          3,032
  Depreciation                                       21,936              -         21,936
  Other expenses                                        246              -            246
                                                    138,686          1,448        140,134

Operating Result                                       118           (258)          (140)


Summary of Capital Revenue and Expenditure
Capital Revenue
  Capital contributions and donations                 1,200             -           1,200
  Contributed Assets                                  1,500             -           1,500
  Grants, subsidies, contributions and donations     14,525        78,458          92,983
  Cash / revenue                                     24,521         8,890          33,411
  New loan borrowings                                 5,000             -           5,000
  Other capital revenue                                   -             -               -
Total Capital Revenue                                46,746        87,348         134,094

Capital Expenditure
  Contributed assets                                  1,500             -           1,500
  Capital works - constructed assets                 36,077        83,829         119,906
  Capital works - other capital                       7,928         3,519          11,447
  Loan redemption                                     1,241             -           1,241
  Other capital expenses                                  -             -               -
Total Capital Expenditure                            46,746        87,348         134,094