Annual Report 2021-22

Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2022

Note 3. Revenue
§Note/Subtotal§
§Subnote§




$ '000                                                                                                  2022                2021

(a) Rates, Levies and Charges

Rates and annual charges are recognised as revenue when the Council obtains control over the assets comprising these
receipts which is the beginning of the rating period to which they relate. Prepaid rates are recognised as a financial liability
until the beginning of the rating period.

General Rates                                                                                         59,540              52,207
Separate rates                                                                                         3,669               5,599
Special Rates                                                                                          1,350               1,159
Waste Utility Charges                                                                                 13,468              13,208
Total Rates and Utility Charge Revenue                                                                78,027              72,173

Less: Discounts                                                                                       (2,592)            (2,178)
Less: Pensioner Remissions                                                                              (855)              (827)
Total Rates, Levies and Charges                                                                      74,580              69,168
From the 1 July 2021, Council resolved that tourism and economic development activities should be funded by general rates
rather than through the continuation of a separate levy. The amount of revenue collected and subsequently spent on delivering
these services remained unchanged, however this revenue is now reported as general rates.

Council also introduced a new general rating category for properties offered for transitory or short stay accommodation on
the basis those properties contribute more towards the demand on Council services and infrastructure than land that is not
used for short stay purposes.


§Subnote§




$ '000                                                                                                  2022                2021

(b) Fees and Charges

Revenue arising from fees and charges are recognised at the point in time when the performance obligation is completed and
the customer receives the benefit of the services being provided.

The performance obligation relates to the specific services which are provided to the customers and generally the payment
terms are within 30 days of the provision of the service or in some cases, the customer is required to pay on arrival, for example
caravan parks. There is no material obligation for Council in relation to refunds or returns.

Licences granted by Council are all either short-term or low value and all revenue from licences is recognised at the time that
the licence is granted rather than the term of the licence.

Revenue from infringements is recognised on issue of infringement notice after applying the expected credit loss model relating
to impairment of receivables for initial recognition of statutory receivables.

Building and Development Fees                                                                          4,518               3,312
Permits and Licences                                                                                   1,125                 786
Fines and Penalties                                                                                      289                 517
Registration Fees                                                                                        452                 423
Parking Penalties                                                                                      1,118                 984
User Fees and Charges                                                                                    842                 757
Other Statutory Fees                                                                                     635                 725
Total Fees and Charges                                                                                 8,979              7,504




continued on next page ...                                                                                            Page 11 of 62