2019-01-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   14 JANUARY 2019


                                         Attachment 1




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GENERAL COMMITTEE MEETING AGENDA                                                                       14 JANUARY 2019

                                                                                                                 Attachment 1

  Noosa Council
  Statement of Income and Expenditure
  For the Year Ended 30 June 2019
  As at 31 December 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           33,184             (92)       50%
      Fees and charges                                    5,547            3,076            3,652             575        66%
      Dividend income                                     1,600                -                -                -        0%
      Interest received                                   4,406            2,236            2,385             149        54%
      Tax equivalents                                     1,450              663             663                 -       46%
      Sale of Goods and major services                    8,770            4,502            4,826             325        55%
      Sale of contract and recoverable works                 16                -                3               3         19%
      Rental & lease income                               1,530              820             750              (70)       49%
      Other income                                          846              499             699              200        83%
      Grants, subsidies, contributions and donations      5,261            2,628            2,703              75        51%
                                                         95,978           47,699           48,865            1,165        51%
  Expenses
      Recurrent Expenses
      Employee benefits                                  32,326           16,068           15,241            (827)       47%
      Materials and services                             41,817           19,135           18,473            (662)       44%
      Finance costs                                       2,400            1,200            1,161             (39)       48%
      Depreciation and amortisation                      19,264            9,632            9,636               4        50%
      Other expenses                                        154               18              95               17        62%
                                                         95,961           46,113           44,606          (1,507)       46%
  Operating Result                                           17            1,587            4,259            2,672

  Summary of Capital Revenue and Expenditure

  Capital Revenue
      Capital contributions and donations                 4,043              742             944              202        23%
      Grants, subsidies, contributions and donations      3,375              946            1,312             365        39%
      Other capital revenue                                    -               -              26               26
  Total Capital Revenue                                   7,419            1,689            2,282             593

  Capital Expenditure
      Contributed assets                                  2,000                -                -                -        0%
      Constructed assets                                 29,815           18,531           16,692          (1,839)       56%
      Other capital expenses                                   -               -             316              316
  Total Capital Expenditure                              31,815           18,531           17,008          (1,523)

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