2018-04-16 General Committee Agenda

ATTACHMENT 1




Page 79 of 122

ATTACHMENT 1
 Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2018
As at 31 March 2018
                                                       Current           Current
                                                        Budget           Budget           Actual         Variance           Annual
                                                          2018              YTD              YTD               YTD           Budget
                                                        ($'000)           ($"000)          ($'000)          ($'000)                %
Profit and Loss Statement

Revenue
    Recurrent Revenue
    Rates, levies and charges                            63,898            63,898           64,071              173            100%
    Fees and charges                                      5,089             4,078            4,929              851             97%
    Dividend income                                       1,860             1,673            1,673               (0)            90%
    Interest received                                     4,408             3,307            3,502              195             79%
    Tax equivalents                                       1,200              903               883              (19)            14%
    Sale of Goods and major services                      8,391             6,368            6,926              559             83%
    Sale of contract and recoverable works                   16                 1               12               11             75%
    Rental & lease income                                 1,322             1,022            1,067               45             81%
    Other income                                          1,144              892             1,107              215             97%
    Grants, subsidies, contributions and donations        5,605             5,386            4,367           (1,019)            78%
                                                         92,932            87,527           88,538            1,011              95%
Expenses
    Recurrent Expenses
    Employee benefits                                    30,445            21,579           21,723              144             1%
    Materials and services                               41,248            29,245           29,042            (202)             70%
    Finance costs                                         2,464             1,851            1,800              (52)            73%
    Depreciation and amortisation                        18,577            13,933           13,919              (13)            15%
    Other expenses                                          136              115               122                T             90%
                                                         92,870            66,722           66,606            (116)              72%
Operating Result                                             63            20,805           21,931            1,127

Summary of Capital Revenue and Expenditure

Capital Revenue
    Capital contributions and donations                   3,867             1,837            2,156              320             56%
    Grants, subsidies, contributions and donations        4,709             2,234            2,015            (219)             43%
    Other capital revenue                                      -                -                -                -
Total Capital Revenue                                     8,577             4,071            4,172              101

Capital Expenditure
    Contributed assets                                    2,000              436             1,145              709             57%
    Constructed assets                                   28,580            19,399           17,786           (1,614)            62%
    Other capital expenses                                     -                -               27               27
Total Capital Expenditure                                30,580            19,835           18,957            (878)

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