2023-03-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING REPORT                                                      13 MARCH 2023


its contribution to Tourism Noosa and all associated tourism activity. Any general rate revenue
shortfall is funded through other general revenue sources to ensure all planned activities are
undertaken in full.
Capital Revenue
YTD capital revenue of $21.4 million received comprises cash contributions from developers ($1.4
million) and capital grants ($19.8 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.
Council has received funding approval from the Queensland Reconstruction Authority for
reconstruction works relating to the Black Mountain landslip and several other flood impacted sites,
which occurred during the February 2022 rain event. Following this approval, Council received
upfront payments of $13.2 million to fund the commencement of these works.
Figure 4: Capital Revenue by Type




Capital Program
Actual capital expenditure (excluding commitments) is $33.4 million (YTD budget $38.6 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by the infrastructure team.

Figure 5: Capital Program Delivery Performance




Cash Management and Investment Performance
Total cash on hand at the end of February was $125.8 million. Included in this balance are funds
held in trust and for restricted purposes (e.g. unexpended levy and grant funds), prepaid grants
including the financial assistance grant, QRA disaster funding and other capital works grants,
prepayment of Waste Levy subsidy (4 years), and unspent monies committed for funding capital
projects which are underway and will continue during the financial year.
The following pie charts present the mix of cash held at February 2023 by agency (graph on the

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