Annual Report 2018-19

                                                                                            Financial Statements 2019



Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2019

Note 9. Cash and Cash Equivalents
                                                                                                     2019           2018
                                                                                   Notes             $'000          $'000


Cash and Cash Equivalents
Cash and cash equivalents includes cash on hand, all cash and cheques receipted but not banked at the year
end, deposits held at call with financial institutions, other short-term, highly liquid investments with original
maturities of three months or less that are readily convertible to known amounts of cash which are subject to an
insignificant risk of changes in value, and bank overdrafts.

Cash at Bank and on Hand                                                                              209               363
Cash Equivalent Assets
 - Deposits at Call                                                                             39,772            57,830
 - Term Deposits                                                                                16,000             6,000

TOTAL CASH ASSETS AND CASH EQUIVALENTS                                                          55,981           64,193

Restricted Cash and Cash Equivalents
Council's Cash and Cash Equivalents are subject to a number of Internal and External Restrictions that limit
amounts available for discretionary of future use.
These include:
Externally imposed expenditure restrictions at the reporting date relate to the
following cash assets:
Unspent Government Grants and Subsidies                                                                97            186
Unspent Levy Funds                                                                                  5,595          6,219
Unspent Developer Contributions                                                                       980            717
Unspent Carbon Tax                                                                                    502            502
Total External Restrictions                                                                         7,174         7,625

Internally imposed expenditure restrictions at the reporting date relate to the following assets:
Future Asset Replacement                                                                                -          2,702
Natural Disaster Rehabilitation                                                                     2,487          2,396
Waste Management                                                                                    3,714          4,334
Specific Purpose Recurrent                                                                          1,482          1,873
Total Internal Restrictions                                                                         7,683        11,305

Total Unspent Restricted Cash and Cash Equivalents                                              14,857           18,930

Cash and deposits at call are held in the Commonwealth Bank in a normal business cheque account.
On call accounts are also held with QTC. Deposits at call earned variable interest over varying terms at interest
rates of between 1.20% and 3.20%.

Investments
Term deposits with a maturity date great than three months post reporting date are treated as investments, with
deposits of less than three months being reported as cash equivalents.




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