05 Financial Performance Report - Nov 2021

GENERAL COMMITTEE MEETING AGENDA                                                                              13 DECEMBER 2021


 Category                   Summary                                            Comments
                                                                               • Holiday Parks $284k above YTD budget (60%
                                                                                  or $868k of $1.4 million budget spent) – offset
                                                                                  by additional revenue
 Finance Costs              On track                                           Nil
 Depreciation               On track                                           Nil
 Other Expenses             On track                                           Nil

Figure 3: Operating Expenditure Position by Type

$25.0
                                                                                 YTD Budget ($m)
                                  $19.1 $19.2                                    YTD Actual ($m)
$20.0
            $15.5 $15.4
$15.0

$10.0                                                                                    $8.2 $8.2


 $5.0
                                                            $0.5 $0.5                                       $0.1 $0.1
 $0.0
                                       Materials




                                                               Finance Costs




                                                                                             Depreciation
                Employees




                                                                                                               Other
Tourism and Economic Development Investment
Council resolved to report on a monthly basis investment details for tourism and economic
development. Expenditure as at 30 November 2021 is outlined below, which includes the first
instalment payment to Tourism Noosa under the funding agreement.
 Expenditure                                       Annual                YTD                 YTD
                                                   Budget              Budget              Actual
                                                      $m                  $m                  $m
 Payment to Tourism Noosa                           $2.52                      $1.26        $1.26
 Economic Development                               $0.95                      $0.33        $0.27
 Total                                              $3.47                      $1.59        $1.53

Capital Revenue
YTD capital revenue of $9.6 million received comprises cash contributions from developers ($1.5
million) and capital grants ($7.4 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.