2023-02-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  13 FEBRUARY 2023


Tourism and economic development activity is funded through the general rate, with 5.8% of the
annual general rate committed towards tourism and economic development. Should actual general
rate revenue fall below budget, this does not impact Council’s contractual commitment to fully fund
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 $16.3 million received comprises cash contributions from developers ($1.3
million) and capital grants ($15.0 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.
In September, Council received funding approval from the Queensland Reconstruction Authority
for reconstruction works relating to the Black Mountain landslip, which occurred during the
February 2022 rain event. Following this approval, Council received an upfront payment of $11.1
million to fund the commencement of these works.
Figure 4: Capital Revenue by Type




Capital Program
Actual capital expenditure (excluding commitments) is $28.9 million (YTD budget $34.7 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by the Asset Planning Manager.

Figure 5: Capital Program Delivery Performance




                                                                                         Page 21 of 70