2016-01-11 General Committee Agenda

ATTACHMENT 1




Page 35 of 50

ATTACHMENT 1
Noosa Council
Statement of Comprehensive Income
For the Year Ended 30 June 2016
As at 31-Dec-2015
                                                        Current             Current
                                                        Budget               Budget              Actual            Percentage
                                                          2016               YTD                 YTD             Annual Budget
                                                            $                   $                   $                   %

Revenue
      Recurrent Revenue
      Rates, levies and charges                            60,463,174          30,231,587          30,260,936                50%
      Fees and charges                                      4,738,448           3,236,597           3,600,821                16%
      Dividend income                                       1,925,140             962,570             962,612                50%
      Interest received                                     4,568,059           2,330,931           2,437,569                53%
      Tax equivalents                                       1,088,812             500,581             563,754                52%
      Sale of Goods and Major Services                      7,408,961           3,925,017           4,055,481                55%
      Sale of Contract & Recoverable Works                     15,364               7,682              (8,465)              -55%
      Rental & Lease Income                                 1,173,953             586,977             616,693                53%
      Other income                                           710,063              383,893             546,846                77%
      Grants, subsidies, contributions and donations        5,414,017           2,743,660           2,890,056                53%
                                                           87,505,992          44,909,495          45,926,302                52%
Expenses
      Recurrent Expenses
      Employee benefits                                    27,646,927          13,132,079          12,844,373                46%
      Materials and services                               39,401,146          19,163,779          17,484,112                44%
      Finance costs                                         2,686,315           1,330,657           1,327,936                49%
      Depreciation and amortisation                        16,630,163           8,315,081           8,316,465                50%
      Other expenses                                          105,993              47,692              48,890                46%
                                                           86,470,544          41,989,288          40,021,776                46%

Operating Result                                            1,035,448           2,920,206           5,904,526
Capital Revenue
      Capital contributions and donations                   1,606,029           1,223,245           2,119,717               132%
      Grants, subsidies, contributions and donations        2,791,696            431,170            1,304,346                47%
      Other capital revenue                                         -                   -                   -
Total Capital Revenue                                       4,397,725           1,654,415           3,424,063

                                                                                                           Page 35 of 50