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2016-06-29 Special Meeting Agenda
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AGENDA
Special Meeting
Adoption of 2016/17 Operational Plan,
Budget & associated documents
Wednesday, 29 June 2016
commencing at 10am
Council Chambers, 9 Pelican Street, Tewantin
Committee: Crs Tony Wellington (Chair), Jess Glasgow, Ingrid Jackson,
Joe Jurisevic, Frank Pardon, Brian Stockwell, Frank Wilkie
“Engagement with our community to protect and enhance our lifestyle”
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Full text of sections 2 to 108 (of 140)
Section 2
SPECIAL MEETING AGENDA 29 JUNE 2016
TABLE OF CONTENTS
ITEM PAGE
ATTENDANCE & APOLOGIES -
SPECIAL MEETING REPORTS 3
1 ADOPTION OF THE 2016/17 OPERATIONAL PLAN, BUDGET AND
ORGANISATIONAL STRUCTURE 3
MEETING CLOSURE -
ATTACHMENTS:
Item Folder
Ref.
1 Operational Plan Tab 1
2 Financial Sustainability Policy Tab 2
3 Non-Current Asset Accounting Policy Tab 3
4 Investment Policy Tab 4
5 Debt Policy Tab 5
6 Procurement Policy Tab 6
7 Revenue Policy Tab 7
8 Revenue Statement Tab 8
9 2016/17 Financial Statements, Long Term Financial Forecast and Tab 9
Financial Sustainability Ratios
10 Rates and Charges Comparison Tab 10
11 Fees and Charges Tab 11
12 Capital Works Program Tab 12
13 Organisational Structure Tab 13
Page 2 of 6
Section 3
SPECIAL MEETING AGENDA 29 JUNE 2016
SPECIAL MEETING REPORTS
1 ADOPTION OF THE 2016/17 OPERATIONAL PLAN, BUDGET AND ORGANISATIONAL
STRUCTURE
DOCUMENT INFORM AT ION
Author Chief Executive Officer, Brett de Chastel
CEO’s Office
Index ECM/ Subject/ 2016-2017 Budget
Attachments 1 Operational Plan
2 Financial Sustainability Policy
3 Non-Current Asset Accounting Policy
4 Investment Policy
5 Debt Policy
6 Procurement Policy
7 Revenue Policy
8 Revenue Statement
9 2016/17 Financial Statements, Long Term Financial Forecast and
Financial Sustainability Ratios
10 Rates and Charges Comparison
11 Fees and Charges
12 Capital Works Program
13 Organisational Structure
EXECUTIVE SUMMARY
The recommendations set out below will enable the Council to adopt its 2016/17 Operational
Plan, Budget and Organisational Structure. The recommendations have been structured to allow
the Council to adopt separate resolutions as required.
RECOMMENDATIONS
1. Operational Plan
“That Council, pursuant to section 174 of the Local Government Regulation, adopt for the
2016/17 financial year its annual Operational Plan 2016/17, provided as Attachment 1.”
2. 2016/17 Budget
“That Council:
1. Adopt the Financial Sustainability Policy, which is provided as Attachment 2.
2. Adopt the Non-Current Asset Accounting Policy, which is provided as Attachment 3.
3. Pursuant to section 191 of the Local Government Regulation, adopt for the 2016/17
financial year the Investment Policy, which is provided as Attachment 4.
4. Pursuant to section 192 of the Local Government Regulation, adopt for the 2016/17
financial year the Debt Policy, which is provided as Attachment 5.
Page 3 of 6
Section 4
SPECIAL MEETING AGENDA 29 JUNE 2016
5. Pursuant to section 198 of the Local Government Regulation, adopt the Procurement
Policy, which is provided as Attachment 6.
6. Pursuant to section 169 of the Local Government Regulation, adopt for the 2016/17
financial year:
a) the Revenue Policy, which is provided as Attachment 7;
b) the Revenue Statement, which is provided as Attachment 8; and
c) the long-term financial forecast for the period 2016/17 to 2025/26, which is
provided as part of Attachment 9.
7. Pursuant to section 169(1)(b) of the Local Government Regulation, adopt for the
2016/17 financial year:
a) the statement of comprehensive income
b) the statement of financial position;
c) the statement of cash flows;
d) the statement of changes in equity; and
e) details of financial sustainability ratios,
which are provided as Attachment 9.
8. Pursuant to section 169(6) of the Local Government Regulation, determines that the
total value of the change in the rates and utility charges levied for the financial year
compared with the rates and utility charges levied in the previous budget is 1.8% as
set out in Attachment 10.
9. Pursuant to section 80 and section 81(3) of the Local Government Regulation 2012,
for the 2016/17 financial year:
a) adopt a differential rating system; and
b) resolve that the different categories of rateable land and a description of those
categories are as stated in Table 1 of the Revenue Statement.
10. Pursuant to section 94(1)(a) of the Local Government Act and section 80 of the Local
Government Regulation, levy, for the 2016/17 financial year, general rates on all
rateable land in the local government area at the differential general rate set out for
each category of rateable land in Table 2 of the Revenue Statement.
11. Pursuant to section 77 of the Local Government Regulation, fix a minimum general
rate for each category of rateable land in the amounts set out in Table 2 of the
Revenue Statement.
12. Pursuant to section 81(4) and (5) of the Local Government Regulation, delegate the
power to identify the rating category to which each parcel of rateable land belongs to
the Chief Executive Officer.
13. Pursuant to section 94(1)(b)(i) of the Local Government Act and section 94 of the
Local Government Regulation:
a) levy the special rates and charges set out in the Revenue Statement; and
b) adopt the overall plan for each special rate and charge set out in Appendix 1-9
of the Revenue Statement.
14. Pursuant to section 94(1)(b)(ii) of the Local Government Act and section 99 of the
Local Government Regulation, levy for the 2016/17 financial year the utility charges
for waste management set out in the Revenue Statement.
15. Pursuant to section 94(1)(b)(iii) of the Local Government Act and section 103 of the
Local Government Regulation, levy for the 2016/17 financial year the separate rates
and charges set out in the Revenue Statement.
Page 4 of 6
Section 5
SPECIAL MEETING AGENDA 29 JUNE 2016
16. Pursuant to section 97(1) of the Local Government Act fix, for the 2016/17 financial
year, the cost recovery fees and commercial charges and the regulatory fees and
commercial charges provided as Attachment 11.
17. Pursuant to Section 118 of the Local Government Regulation, resolve that rates and
charges must be paid within thirty (30) days after the date of issue of a rates notice.
18. Pursuant to section 129 of the Local Government Regulation, allow the payment of
certain rates and charges by instalment in the circumstances, and on the terms, set
out in the Revenue Statement.
19. Pursuant to section 130 of the Local Government Regulation, resolve that it allow a
discount for the prompt payment of certain rates and charges on the terms set out in
the Revenue Statement.
20. Pursuant to section 133 of the Local Government Regulation, resolve that interest be
payable on overdue rates and charges in the way, and at the rate, set out in the
Revenue Statement.
21. Pursuant to section 120, section 121 and section 122 of the Local Government
Regulation, grant concessions for rates and charges to certain ratepayers, and
classes of ratepayers, as set out in the Revenue Statement.
22. Adopt the 2016/17 Capital Works Program which is provided as Attachment 12.”
3. Organisational Structure
“That Council adopt its Organisational Structure which is provided as Attachment 13.”
REPORT
This report provides the Council with the necessary recommendations to enable it to adopt its
Operational Plan, 2016/17 Budget and Organisational Structure.
Previous Council resolutions to adopt its annual budget have previously been reviewed by King
and Co. to ensure compliance with the relevant provisions of the Local Government Act and
Local Government Regulation.
The adoption of the Council’s 2016/17 Budget package is the culmination of six months of hard
work by Councillors and management to ensure that we build on the excellent work of the
previous Council in establishing a strong financial base.
I would also like to highlight the amount of work to prepare this budget by the Mayor, Councillors
and staff. Particular recognition should be provided to the Director Corporate Services and his
finance team for delivering a strong budget that will continue our financial sustainability journey.
Previous Council Consideration
The Council considered the draft Operational Plan, 2016/17 Budget and Organisational Structure
and its Special Meeting on 16 June 2016..
Page 5 of 6
Section 6
SPECIAL MEETING AGENDA 29 JUNE 2016
Finance & Risk
Nil.
Consultation
External Consultation - Community & Stakeholder
The Council has consulted with relevant groups including the Hastings Street Association, Noosa
Junction Association, Noosa Waters Residents Association and Tourism Noosa in relation to
levies as required during the budget process.
Internal Consultation
The budget has been developed through a series of workshops and with significant input from
the Leadership Team.
Departments/Sections Consulted:
X Chief Executive Officer X Community Services X Corporate Services
Executive Officer to the Mayor & CEO Community Facilities Financial Services
Executive Support Community Development ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property & Facilities
Waste & Environmental Health Revenue Services
X Executive Office X Planning & Infrastructure
Community Engagement Building & Plumbing Services
Customer Service Civil Operations
Economic Development Infrastructure Planning & Design
Governance Planning & Environment
Human Resources Strategic Land Use Planning
Sustainability
Page 6 of 6
Section 7
Operational Plan
2016-2017
1
u MENS RCO NOLL = “
Operational Plan 40
2016-2017 ~SaineeiPnccan
> ——t aeSection 8
Contents
Overview 3
Key Strategic Goals 7
1. Working in partnership with our community 8
2. Setting policy and strategy 9
3. Quality service delivery 10
4. Looking after community assets 11
5. A sustainable Council 12
2
Section 9
Overview
Our Vision:
Our Mission:
Noosa Council’s 5 year Corporate Plan 2014 - 2019 sets the overarching strategic goals and key priorities for the five year period from 2014 to 2019.
The achievement of our strategic goals and key priorities over the five year period is supported by an annual Operational Plan and annual Branch Plans.
These documents provide the specific detail and direction for significant projects and “business as usual” activities for the relevant financial year.
Annual Budget
Our annual budget provides the financial framework for the organisation to deliver outcomes for our community. In accordance with the Local Government
Act and Regulation, the annual budget sets out the funding parameters for both the significant projects and initiatives contained in the Operational Plan, as
well as our core Council services contained in our Branch Plans. This process ensures every activity undertaken by the organisation is appropriately
funded and carefully planned. Our annual budget also assists Council in achieving its long term financial goals as set out in Council’s Financial
Sustainability Policy.
3
Section 10
Overview (cont’d)
Operational Plan 2016/17
Our Operational Plan 2016/17 details the significant initiatives that our Council will undertake during the 2016/17 financial year as we progress further
towards the achievement of our strategic goals and key priorities set out in the Corporate Plan 2014 - 2019. The Council intends to review its
Corporate Plan in 2016/17.
In accordance, with the Local Government Regulation, the annual Operational Plan must state how the local government will:
Progress the implementation of the five year Corporate Plan; and
Manage operational risks.
Compliance with the above legislative requirements will be achieved as follows:
The Operational Plan will clearly identify the linkage between each project and our key strategic goals set out in our Corporate Plan
Major projects will have a detailed project plan, which will include an assessment of operational risks in accordance with Council’s Risk Management
Framework.
The Chief Executive Officer will report to Council on a quarterly basis on the progress towards achieving Council’s Operational Plan.
Annual Branch Plans 2016/17
Whilst the Operational Plan specifies the significant initiatives and projects which Council will undertake over the next 12 months, our ‘business as usual’
activities must also be subject to careful planning and regular review to ensure the organisation continues to deliver and further improve services provided
to our community.
Each of our branches within Council will have a detailed Branch Plan for the 2016/17 financial year. Each Branch Plan will be reviewed on a quarterly
basis by the relevant Branch Manager and Director. Directors will provide a report to Council in February, May, August and November on their
Department’s progress. The CEO will provide an annual ‘wrap up’ report to Council in July 2017.
Each Branch Plan will contain the following detail:
The relevant Branch’s objectives with linkages to our Corporate Plan strategic goals;
“Business as usual” activities planned for the next 12 months including projects approved in the 2016/17 budget process; and
Key dates, milestones and performance measures for various business activities over the 12 month period.
A comprehensive risk assessment towards achieving annual Branch objectives will be undertaken in accordance with Council’s Risk Management
Framework.
4
Section 11
Corporate planning framework
5
Corporate planning framework ‘ad
Corporate Plan 2014 -2019
Council Adopted Strategies and Departmental Plans
Council's Annual Operational Plan Annual Branch PlansSection 12
Corporate reporting framework
6
Corporate reporting framework =>
Annual CEO
progress reportto
Council
Monthly budget
progress reportto Branch Plan Progress
Annual Report Quarterly Operational Update and pep armen a
1
CEO Update Plan progress report progress reportto Council
to Council
6Section 13
Key strategic goals
7
Key strategic goals >Section 14
1) Working in partnership with our community
No. Project Responsibility
1 Electric Bus trial in conjunction with Translink Director Planning & Infrastructure
2 Implementation of Local Economic Plan Senior Economic Development Officer
3 Implementation of Social Strategy Community Development Coordinator
4 Implementation of Transport Strategy Infrastructure Planning & Design Manager
5 Implementation of Waste Reduction and Recycling Plan Waste & Environmental Health Manager
6 Waterways Protection - Inspection and Education Program Waste & Environmental Health Manager
8
Section 15
2) Setting policy and strategy
No. Project Responsibility
1 Development of new Corporate Plan Executive Manager
2 Development of new Planning Scheme Planning Scheme Project Manager
3 Development of Digital Transformation Strategy Chief Executive Officer
4 Implementation of Heritage Levy Strategy Director Community Services
5 Management of Noosa River Environment Officer (Rivers & Coast)
9
Section 16
3) Quality service delivery
No. Project Responsibility
1 Delivery of Capital Works Program on time and within budget Director Planning & Infrastructure
2 Ernest Street and Hilton Terrace intersection upgrade works Infrastructure Planning & Design Manager
3 Delivery of Customer Satisfaction Survey Executive Manager
4 Waste Tender and Contract Waste & Environmental Health Manager
5 Implementation of Council’s preferred option of a one stop Customer Service Centre Executive Manager
6 Signage audit, education and compliance program Planning & Environment Manager
7 Footpath trading audit, education and compliance program Property & Facilities Manager
10
Section 17
4) Looking after community assets
No. Project Responsibility
1 Development of Noosaville Foreshore Management Plan Property & Facilities Manager
2 Development of Bushland Reserve Plans Parks & Natural Areas Coordinator
3 Rufous Street project Director Community Services
4 Progress Beckmans Road upgrade Director Planning & Infrastructure
5 Library collection upgrade Libraries & Galleries Manager
6 Noosa North Shore Campground redevelopment Executive Officer
7 Park Road Boardwalk upgrade project Infrastructure Planning & Design Manager
11
Section 18
5) A sustainable Council
No. Project Responsibility
1 Development of Sustainability measures aligned with Council’s adopted Sustainability Principles Executive Manager
2 Implementation of Emission Reduction Policy Executive Manager
3 Implementation of ICT Roadmap Director Corporate Services
4 Implementation of Workplace Health and Safety Action Plan Human Resources Manager
5 Implementation of Asset Management roadmap Asset Planning Coordinator
12
Section 19
Council Policy
FINANCIAL SUSTAINABILITY
Corporate Plan Reference: A sustainable Council
Endorsed by Council: <Insert Date of Council Meeting >
Policy Author: Director Corporate Services
POLICY BACKGROUND
Council has a responsibility to ensure that it has sufficient resources now and into the future to
provide levels of service that are both affordable and at a level considered appropriate by the
community. This responsibility encompasses how decisions are made regarding the allocation of
ratepayer funds to Council’s day to day operations as well as towards the replacement of existing
assets and procurement of new assets.
Responsible ongoing financial management by Council will achieve the following objectives:
Council operates in an efficient and effective manner, minimising general rate increases.
Full cost pricing compliance for Council business activities.
Ongoing operating surpluses to ensure Council’s equity is not degraded and future financial risk
can be adequately mitigated.
Appropriate collection of cash funds for ongoing infrastructure and asset replacement and
renewal.
Future trunk infrastructure financial obligations can be met.
Informed decisions are made on discretionary new operating or capital investment proposals (i.e.
business cases including whole of life cost analysis).
Infrastructure and assets are maintained to required service levels.
Debt levels will be minimised, and returns on cash holdings maximised.
Achieving all of the minimum financial sustainability benchmarks set by legislation.
The key measurement criteria for whether Council is achieving its financial sustainability objectives
over the short and medium term are the three financial sustainability ratios required to be published
under legislation, namely the:
1. Operating surplus ratio;
2. Net financial liabilities ratio; and
3. Asset sustainability ratio.
Council’s current and expected financial sustainability performance will be measured and reported
against the benchmarks set by the state government, as well as by ongoing periodic sustainability
assessments undertaken by the Queensland Treasury Corporation (QTC).
Page 1
Section 20
COUNCIL POLICY – FINANCIAL SUSTAINABILITY
COUNCIL POLICY
Operating surplus
Council will ensure that it maintains an operating surplus each year over the life of the ten (10) year
financial plan. An operating surplus is achieved when operating revenues are greater than operating
expenses (including depreciation and interest on debt). The operating surplus ratio is one of the
three (3) key measures of financial sustainability required under legislation. It calculates the
operating surplus (or deficit) as a percentage of Council operating revenue. The target operating
surplus ratio set by the state government is between 0% and 10%.
Council will target to achieve an operating surplus consistent with the value of tax equivalent
payments received from its investment in Unitywater and Council business activities (to mitigate the
risk of losing these revenue streams), whilst also ensuring that the operating surplus ratio is
contained within the required benchmarks.
Expenditure management
Council will ensure that expenditure on goods and services to meet established service levels will
be undertaken efficiently and effectively. This will be achieved via the development of the annual
operating expenditure budget from a zero base, ensuring staff compliance with Council’s policies
and procedures as well as partnering with key stakeholders such as Local Buy to ensure efficient
cost procurement options are implemented.
Expenditure management outcomes will be measured by how Council performs annually against its
operating and capital expenditure budget allocations.
Asset management
Council will ensure that it maintains its infrastructure and assets on an ongoing basis at defined
levels to ensure that services are able to be provided effectively to the community.
The asset sustainability ratio is one of the three (3) key measures of financial sustainability required
under legislation. This ratio is calculated by measuring the annual expenditure on the renewal and
rehabilitation of Council’s assets against the annual depreciation charge. It is a measure of whether
Council is reinvesting appropriately in existing infrastructure assets. The target asset sustainability
ratio set by the state government is greater than 90%.
Council will target over the life of the ten (10) year financial plan to achieve a minimum asset
sustainability of 90% consistent with the benchmark.
Established management plans for Council’s asset and infrastructure classes will incorporate annual
maintenance financial estimates as well as ten (10) year renewal / replacement forecasts developed
from regular asset condition assessments. Asset management plan financial forecasts will be
incorporated into Council’s ten (10) year financial plan and annual budget to ensure financial
sustainability implications are appropriately considered.
Annual depreciation forecasts will be developed on an asset by asset basis utilising methodology
endorsed by the Queensland Audit Office, with assets regularly revalued in accordance with
legislative requirements
The QTC project decision making framework will be utilised for business case analysis for all new
and replacement capital projects over the agreed value thresholds established. The outcomes from
the analysis will be used to inform Council of whole of life costing implications associated with each
project.
Page 2
Section 21
COUNCIL POLICY – FINANCIAL SUSTAINABILITY
Debt management
Total Council debt will reduce over the life of the ten (10) year financial plan.
New debt will only be incurred for specific new capital projects where other funding sources have
been exhausted, and debt will be utilised for intergenerational equity purposes.
The net financial liabilities ratio is one of the three (3) key measures of financial sustainability required
under legislation. The net financial liabilities ratio represents Council’s net financial liabilities (total
liabilities less current assets) expressed as a percentage of total operating revenue. A negative
percentage indicates that current assets exceed total liabilities. The target net financial liabilities ratio
set by the state government is less than 60%.
Council will adopt a conservative approach to new debt to ensure that the net financial liabilities ratio
is below the target over the life of the ten (10) year financial plan. This will be achieved by setting an
upper limit of 5% of gross general rate income for interest payments on borrowings.
New debt that may be required to assist with the funding of trunk infrastructure to cater for future
growth will be considered on a case by case basis.
Full cost pricing
Council will ensure that competitive neutrality and full cost pricing outcomes required under
legislation with respect to its business activities are complied with on an annual basis.
Commercial opportunities
Commercial opportunities will only be considered if they provide value for money to the community
and have a positive net impact on overall general rate funding requirements of Council.
The QTC project decision making framework will be utilised for business case analysis for all new
identified commercial opportunities. The outcomes from the analysis will be used to inform Council
of whole of life costing implications associated with each commercial proposal.
ROLES AND RESPONSIBILITIES
The Mayor is responsible for the preparation and presentation of the annual budget to Council in
accordance with section 12 (4) (b) of the Local Government Act 2009.
The Chief Executive Officer is responsible for the delivery of the annual budget.
RELEVANT LEGISLATION
Local Government Act 2009
Local Government Regulation 2012
Version control:
Version Reason/ Trigger Change (Y/N) Endorsed/ Reviewed by Date
1.0 Create new Council 29/06/2015
2.0 Review N Director Corporate Services 16/05/2016
Page 3
Section 22
Council Policy
NON-CURRENT ASSET
ACCOUNTING POLICY
Corporate Plan Reference: Looking after community assets
Endorsed by Council: <Insert Date of Ordinary Meeting >
Policy Author: Manager Financial Services
POLICY BACKGROUND
Council is responsible for the management of a significant value of diverse infrastructure and assets
on behalf of the Noosa community. Council recognises that these assets must be appropriately
managed so that they can continue to deliver services to the community in a sustainable manner in
the future.
The purpose of this policy is to provide a framework for the capture, recognition and control of
Councils non-current assets based on legislative requirements and in support of Council asset
management.
COUNCIL POLICY
Scope
This policy applies to all asset accounting related activities for items of property, plant and equipment
and intangible assets as disclosed in Council’s Statement of Financial Position. This policy will apply
to all branches and business units of Council.
Objective
The objectives of this policy are to ensure:
Compliance with prescribed legislation and Australian Accounting Standards.
Accounting principles are followed by Council employees when identifying, recognising,
recording and valuing Council’s property, plant and equipment.
All processes undertaken in relation to the content of this policy are appropriately documented
and defensible to external audit.
All asset movements are recorded in the financial asset register on a timely basis
Capital works in progress balances are cleared no later than 3 months after practical completion,
That the Corporate Asset Register is the point of truth for both financial and asset management.
Assets are indexed between years of full revaluation where unit rates have changed materially.
Non-Current Assets
1 Asset Classes
A ‘class’ of non-current assets is a grouping of assets of a similar nature and use in an entity’s
operations and which, for the purposes of disclosure, is shown as a single item in the financial report.
The classes of property, plant and equipment assets are:
Page 1
Section 23
COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
Asset Class Asset Types
Land Council owned or controlled land
Buildings Corporate and Community buildings, housing, sheds, public
amenities, Sports & Recreational buildings etc.
Other Infrastructure Assets Includes park, beach access, sporting ground and waste
management infrastructure i.e. BBQ shelters, rotundas, gazebos,
park furniture, playground equipment, recreational playing courts,
shade covers and irrigation systems Car parks (off road), internal
roads, landscaping, fencing, fibre optics,
solar powered lights, boat ramps and pontoons, etc.
Plant and Equipment Office furniture and equipment, computer equipment (excluding
software), fleet including motor vehicles trucks, heavy equipment,
trailers, mowers, boats & motors etc.
Road and Bridge Network Road structures, kerb and channel, footpaths, roundabouts, bus
shelters and bridges
Stormwater Box Culvert, Pipes, manholes, stormwater pits.
Intangibles Software and Licences
2 Non-Current Asset Recognition
An asset is recognised as a non-current asset in the financial asset register if it meets all of the
following criteria:
Council has control over the asset.
It is probable that future economic benefits associated with the asset will flow to the entity
(including non-cash service benefits).
The cost or fair value of the item can be measured reliably.
The cost or fair value of the asset exceeds Council’s asset threshold.
Expected to be used for more than one financial year.
An item of property, plant and equipment that qualifies for recognition as an asset shall initially be
measured at cost.
3 Recognition Thresholds for Non-Current Assets
In accordance with the Local Government Regulation 2012, Council must, by resolution, set an amount
for each different type of physical asset below which the value of the asset must be treated as an
expense. The thresholds detailed in the table below must be disclosed by way of note in Council’s
general purpose financial statements.
Non-current asset thresholds are as follows:
Asset Class Asset Threshold
Land $1
Buildings $15,000
Other Infrastructure Assets $5,000
Plant & Equipment $5,000
Roads & Bridge Network Network Asset
Stormwater Network Asset
Intangible Assets $5,000
Page 2
Section 24
COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
Only expenditure that meets the non-current asset recognition criteria and is equal to or above the
threshold will be capitalised within the corporate asset register.
Complex Assets
A complex asset can be apportioned to individual significant components. Assets will be recognised
at component level where feasible.
The significant components of a complex asset are identified and depreciated separately. This
provides accurate and relevant information for users of the financial statements and asset
management.
A significant component is one that meets the following criteria:
Can be separately identifiable and measurable and is able to be separated from the complex
asset.
May require replacement and intervention at regular intervals during the life of the complex asset.
Has a significant value in relation to the total cost of the complex asset.
May have a different estimated useful life from the complex asset so that failure to depreciate it
separately would result in a material difference in the annual depreciation expense for that asset.
When replacing a component of a complex asset the existing written down value of the original
component should be written off.
Components will be capitalised as long as the total capital project expenditure meets the asset
recognition threshold.
Networked Asset
A network is a grouping of multiple assets that are individually below the capitalisation threshold. These
assets perform a whole service and require recognition in the financial statements due to their
collective value, e.g. roads and stormwater.
Operating Asset
Assets below the threshold may still be taken up in the asset register where required for asset
management purposes as operating (non-financial) assets, including highly attractive items such as
electrical equipment and small plant.
4. Asset Valuation
Assets are to be recorded and maintained in the corporate asset register as either a financial asset or
an operating (non-financial) asset. On initial recognition, non-current assets will be measured at fair
value based on the cost of the asset or, for donated / contributed assets, an initial valuation undertaken
by a suitably qualified person.
Costs need to be classified as either:
Capital, which is included in the cost of an asset. Capital costs are accounted for in the Statement
of Financial Position of the Council and depreciated. They can be for a new, upgrade/renewal or
replacement of an asset; or
An expense, which is accounted for in the Comprehensive Income Statement and affects the
Council’s operating result.
Page 3
Section 25
COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
5 Purchased Assets
The cost of an item of property, plant and equipment comprises:
Its purchase price, including import duties and non-refundable purchase taxes, after deducting
trade discounts and rebates.
Any costs directly attributable to bringing the asset to the location and condition necessary for it to
be capable of operating in the manner intended by management;
Directly attributable costs include:
a) Costs of employee expenses arising directly from the construction or acquisition of the item of
property, plant and equipment;
b) Costs of site preparation;
c) Initial delivery and handling costs;
d) Installation and assembly costs;
e) Costs of testing whether the asset is functioning properly; and
f) Professional fees.
Once the asset is in the location and condition necessary for it to be capable of being operated in
the manner intended, costs will no longer be of a capital nature.
Costs of assets incurred after initial recognition are to be capitalised whenever the associated work
either renews, extends or upgrades the asset’s underlying service potential.
6 Contributed Assets
Non-current assets that are donated or contributed to Council at no cost, or for a nominal cost, will
need to be brought to account at fair value as at the date of acquisition. This is achieved by utilising
existing unit rates or by a valuation undertaken by a suitably qualified person.
7 Assets Not Previously Recognised
Material assets not recognised in previous periods that subsequently meet the recognition criteria will
be recognised from the date that the criteria are met. Where assets are identified that have not been
previously recognised due to error, e.g. during asset verification, this is treated as the correction of an
error under AASB 108 Accounting Policies Changes in Accounting Estimates and Errors. The error
provisions require that the error should be corrected by making the entry that should have been made
at the time the error occurred.
8 Assets under Construction (Work In Progress)
Work In Progress (WIP) represents the accumulated costs of constructed assets e.g. costs associated
with constructing or rehabilitating assets such as stormwater, roads, buildings and parks.
The cost base of self-constructed assets is similar to the cost base for assets purchased including the
following components:
Direct materials, including stock issues;
Direct and contract labour including on-costs; and
Plant hire.
Where a project is to be completed in stages, capitalisation of each stage may still occur providing the
asset recognition criteria is met.
Page 4
Section 26
COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
9 Asset Expenditure
Items that are less than the recognition threshold and do not form part of a complex asset or network
are treated as an operating expense.
The following initial costs are expensed not capitalised:
General administration and other indirect overhead costs;
Training costs; and
Financing Costs - Interest charged on borrowings to fund asset purchase.
Expenditure after Initial Purchase
Costs incurred subsequent to the initial purchase of the asset will only be capitalised when it
improves the condition of the asset beyond its original intended use or service capacity. This can
occur through:
Extending the service potential provided by the asset; or
Extending the useful life of the asset.
Repairs and maintenance are to be expensed as incurred, this includes expenditure incurred to
restore an asset to its predetermined condition and/or its required service level. Examples include:
Work conducted to preserve the asset’s condition and prevent deterioration and failure, i.e.
regular servicing of vehicles.
Restoration of an asset to its original state using the same / similar material.
Replacement of minor asset components.
Spare Parts
Minor items of spare parts are charged to the item of plant and expensed. Major spare parts and
stand-by equipment are recognised as plant and equipment when:
The expenditure exceeds the asset recognition threshold; and
The benefit from the item will be for more than one financial year.
10 Asset Disposal /Write-off
An asset is written-off when destroyed, scrapped, lost or stolen and recorded in the Statement of
Comprehensive Income. When consideration is received in the form of proceeds or trade-in, the
asset is to be disposed in the financial asset register and a gain or loss on sale recognised in the
Statement of Comprehensive Income.
If the asset is to be sold, the provisions of AASB5 Non-Current Assets Held for Sale and Discontinued
Operations may apply.
The cost of demolition or removal of the old asset can be capitalised as site preparation costs of the
new asset only if there is:
No provision for restoration of the old asset; and
Prior to demolition a formal Council commitment to demolish and build on the site of the old
asset, e.g. Council meeting minute.
If an asset is demolished or removed and there is no formal commitment to rebuild on the site prior
to demolition or removal, the costs are to be expensed.
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COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
Where an asset is valued at fair value and the costs of demolition or removal have been capitalised
as site preparation costs, consideration should be given to impairment tests to ensure the asset
value is not overstated.
11 Non-Current Asset Register
A list of all of Council’s non-current assets, other than those items which are under the asset
threshold and treated as an expense, must be recorded in a register which is to be kept by the
Council. The asset register is to record as a minimum:
a) opening and closing balances;
b) capital expenditures;
c) depreciation charges;
d) revaluation increments and decrements;
e) disposals/write offs;
f) contributed assets and previously unrecognised assets;
g) internal transfers;
h) impairment losses; and
i) relevant dates for all the above transactions.
12 Depreciation
Where non-current assets have a limited useful life they must be depreciated in accordance with
AASB116 Property, Plant and Equipment. Depreciation is the systematic allocation of the
depreciable amount of an asset over its useful life. Depreciation begins when an asset is available
for use and ceases at the earlier of:
a) The date the asset is classified as held for sale; and
b) The date that the asset is disposed or written-off
Each component will be depreciated separately. The depreciation charge for each period is classified
as an expense in the Statement of Comprehensive Income. Depreciation forms part of the cost of
operations and contributes directly to Council’s net operating result.
The depreciation method used shall reflect the pattern in which the asset’s future economic benefits
are expected to be consumed by the entity. Council has adopted the straight-line method of
depreciation to reflect patterns of consumption for all non-current assets other than non-depreciable
land, waste disposal assets and some road components.
Work in progress cannot be depreciated as the assets are not available for use.
Useful Lives and Rates
The useful life of an asset is the estimated period over which a depreciable asset is expected to be
able to provide future service potential. The estimation of the useful life of the asset is a matter of
judgement based on the experience of the entity with similar assets.
13 Asset Review
Asset depreciation rate, remaining useful life and impairment are to be reviewed at least on an annual
basis by Asset custodians and management to ascertain if any amendments are required.
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COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
14 Valuation of Assets
Measurement after recognition
Once assets have been initially recognised, assets are to be measured under either the cost or the
revaluation model as required by AASB 116 Property Plant and Equipment and the Local Government
Act 2009 and the Local Government Regulations 2012 and shall apply to an entire class of property,
plant and equipment.
After recognition as an asset, an item of property, plant and equipment shall be carried at its cost less
any accumulated depreciation and any accumulated impairment losses.
Revaluation Model
An item of property, plant and equipment whose fair value can be measured reliably shall be carried
at a revalued amount, being its fair value at the date of the revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
Cost Model
After recognition as an asset, an item of property, plant and equipment shall be carried at its cost less
any accumulated depreciation and any accumulated impairment losses.
Council applies the following valuation methodology across its asset classes:
Asset Class Valuation Methodology
Land Revaluation
Buildings Revaluation
Other Infrastructure Revaluation
Plant & Equipment - General Cost
Roads & Bridges Revaluation
Stormwater & Drainage Revaluation
Intangible Assets Cost
15 Revaluation of Assets
For all assets other than those valued at cost, non-current assets valuations should be reviewed at
least once each financial year to ascertain if there has been a material movement in fair value
(depreciated replacement cost/market value) since the last financial year.
A full revaluation of all applicable asset classes should be undertaken at least once every five years.
However, when an asset class has significant and volatile changes in fair value a revaluation should
be undertaken on a more frequent basis. The Internal Audit & Risk Committee is to endorse the
scope and methodology of all comprehensive valuations.
If there has been no material movement of fair value, indices/desktop updates, either supplied by a
qualified valuer or internal qualified staff, may be applied for the intervening years until a full
revaluation is undertaken. There must be sufficient evidence retained that the index used is robust,
valid and appropriate to the asset class. If an index is not applied in the prior year the index will then
be cumulative.
If an item of property, plant and equipment is revalued, the entire class of property, plant and
equipment to which that asset belongs shall be revalued. Complex asset components are measured
on the same basis as the assets to which they relate, e.g. Building asset class is valued at fair value
therefore each building component is valued at fair value.
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COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
Accounting for Revaluation
When an asset is revalued, the accumulated depreciation is restated proportionately with the change
in the gross carrying amount of the asset and any change in the estimate of the remaining useful
life.
Changes in the carrying amount of an asset due to a revaluation are accounted for in accordance with
AASB 116.
If the carrying amount of a class of assets is increased as a result of a revaluation, the net revaluation
increase shall be recognised in other comprehensive income and accumulated in equity under the
heading of revaluation surplus. However, the net revaluation increase shall be recognised in profit or
loss to the extent that it reverses a net revaluation decrease of the same class of assets previously
recognised in profit or loss.
If the carrying amount of a class of assets is decreased as a result of a revaluation, the net
revaluation decrease shall be recognised in profit or loss. However, the net revaluation decrease
shall be recognised in other comprehensive income to the extent of any credit balance existing in
any revaluation surplus in respect of that same class of asset. The net revaluation decrease
recognised in other comprehensive income reduces the amount accumulated in equity under the
heading of revaluation surplus.
When an asset is disposed of, the amount reported in the asset revaluation surplus in respect of that
asset is retained in the asset revaluation surplus and not transferred to retained surplus.
16 Asset Impairment
All non-current assets including intangible assets are to be reviewed on an annual basis for indicators
of impairment by asset custodians as detailed in the asset responsibility matrix.
Where the fair value of the asset exceeds the recoverable amount it is recorded as an impairment
loss. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value
in use. Where assets have been revalued at fair value there should not be any impairment loss as
the recoverable amount should be equal to the fair value.
An impairment loss is recognised as an expense in the Statement of Comprehensive Income, except
where the asset is at fair value. When there is an impairment loss on a revalued asset the impairment
loss is offset against the asset revaluation surplus of the relevant asset class to the extent available.
Any remaining loss is then expensed in the Statement of Comprehensive Income.
17 Materiality
Materiality plays an essential part in the decision making process and preparation of the financial
statements. This is because information contained or omitted from the financial statements can
impair its usefulness to users.
Materiality is a concept which requires professional judgment. An omission or misstatement of an
item is material if, individually or collectively, it would influence the economic decisions of users of
the financial statements or the accountability of management or governing body.
In assessing materiality the size and nature of the omission or misstatement are usually evaluated
together. The surrounding circumstances should also be considered.
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COUNCIL POLICY – NON CURRENT ASSET ACCOUNTING POLICY
As guidance in considering materiality thresholds the following can be used:
a) an amount equal to or greater than 10% of the appropriate base may be resumed to be
material;
b) an amount equal to or less than 5% of the appropriate base amount may be presumed to be
not material; and
c) an amount between 5% and 10% requires judgment.
18 Disclosure in the Financial Report
If non-current assets are stated as revalued amounts, the following will be disclosed:
a) The effective date of the revaluation;
b) Whether an independent valuer was involved;
c) The methods and significant assumptions applied in estimating the item’s fair values;
d) The extent to which the item’s fair values were determined directly by reference to observable
prices in an active market or recent market transactions on arm’s length terms or were estimated
using other valuation techniques; and
e) The revaluation reserve, indicating the change for the period and any restrictions on the
distribution of the balance to shareholders.
ROLES AND RESPONSIBILITIES
Manager Financial Services – Policy Owner.
Financial asset management requires a whole of Council approach and is the responsibility of the
Asset Custodians, Asset Accountant and the Financial Accountant.
RELEVANT LEGISLATION
Local Government Act 2009
Local Government Regulation 2012
Australian Accounting Standards and Interpretations
Version control:
Version Reason/ Trigger Change (Y/N) Endorsed/ Reviewed by Date
1.0 Create new Financial Accountant January 2016
2.0 Review Y – para 12 Manager Financial Services May 2016
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Council Policy
INVESTMENT POLICY
Corporate Plan Reference: A sustainable Council
Endorsed by Council: <Insert Date of Council Meeting >
Policy Author: Director Corporate Services
POLICY BACKGROUND
The intent of this document is to outline Noosa Shire Council’s investment policy and guidelines
regarding the investment of surplus funds, with the objective to maximise earnings within approved
risk guidelines and to ensure the security of funds.
The activities of the investment officers or fund managers responsible for stewardship of Noosa Shire
Council’s funds will be measured against the standards in this Policy and its objectives. Activities
that defy the spirit and intent of this Policy will be deemed contrary to the Policy.
For the purpose of this policy, investments are defined as arrangements that are undertaken or
acquired for producing income and apply only to the cash investments of Noosa Shire Council. This
policy applies to the investment of all surplus funds held by Noosa Shire Council.
For the purposes of the appointment of an external fund manager pursuant to section 59 of the Act,
to operate in a manner consistent with this policy will constitute compliance.
COUNCIL POLICY
Noosa Shire Council (Council) has been granted authority to exercise Category 1 investment power
under Part 6 of the Statutory Bodies Financial Arrangement Act 1982 (the Act) without further
approval.
The Treasurer may from time to time constrain the investing activities of local government by
limitation, caveat, restriction and/or other relevant regulation. Where this occurs, this Investment
Policy will be reviewed and reissued for the subsequent change in legislation.
AUTHORITY
All investments are to be made in accordance with:
Statutory Bodies Financial Arrangements Act 1982
Statutory Bodies Financial Arrangements Regulation 2007
Local Government Act 2009
ETHICS AND CONFLICTS OF INTEREST
Prudent Person Standard
The standard of prudence is to be used by investment officers when managing the overall portfolio.
Investments will be managed with the care, diligence and skill that a prudent person would exercise
in managing the affairs of other persons. This includes having in place appropriate reporting
requirements that ensure the investments are being reviewed and overseen regularly.
Investment officers are to manage the investment portfolios not for speculation, but for investment
and in accordance with the spirit of this Investment Policy. Investment officers are to avoid any
transaction that might harm confidence in Council. They will consider the safety of capital and income
objectives when making an investment decision.
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Ethics and conflicts of interest
Consideration will be given to ethical investment principles in determining the approved counterparty
for investment of funds.
Investment officers/employees shall refrain from personal activities that would conflict with the proper
execution and management of Noosa Shire Council’s investment portfolio. This includes activities
that would impair the investment officer’s ability to make impartial decisions. This policy requires
that employees and investment officials disclose to the Chief Executive Officer any conflict of interest
or any investment positions that could be related to the investment portfolio.
Delegation of authority
Authority for implementation of the Investment Policy is delegated by Council to the Chief Executive
Officer in accordance with the Local Government Act 2009, Section 257 (1) (b) – Delegation of local
government powers.
Authority for the day-to-day management of Council’s Investment Portfolio is to be delegated by the
Chief Executive Officer to the Director Corporate Services and to the Manager Financial Services in
accordance with section 259 of the Local Government Act 2009, and subject to regular reviews with
the Director Corporate Services and Chief Executive Officer.
GUIDING PRINCIPLES
Council’s overall objective is to invest its funds at the most advantageous rate of interest available
to it at the time, for that investment type, and in a way that it considers most appropriate given the
circumstances.
In priority, the order of investment activities shall be preservation of capital, liquidity, and return.
Preservation of capital
Preservation of capital shall be the principal objective of the investment portfolio. Investments are to
be performed in a manner that seeks to ensure security of principal of the overall portfolio. This would
include managing credit and interest rate risk with given risk management parameters and avoiding
any transactions that would prejudice confidence in Council or its associated entities.
Credit Risk
Council will evaluate and assess credit risk prior to investment. The investment officer will minimise
credit risk in the investment portfolio by prequalifying all transactions including the brokers/securities
dealers with which they do business, diversify the portfolio and limit transactions to secure
investments.
Interest Rate Risk
The investment officer shall seek to minimise the risk of a change in the market value of the portfolio
because of a change in interest rates. This would be achieved by measuring the investment term
against the cash flow requirements of Council and structuring the portfolio accordingly. This will avoid
having to sell securities prior to maturity in the open market. Secondly, interest rate risk can be limited
by investing in shorter term securities.
Maintenance of liquidity
The investment portfolio will maintain sufficient liquidity to meet all reasonably anticipated operating
cash flow requirements of Council, as and when they fall due, without incurring significant transaction
costs due to being required to sell an investment. For these purposes, illiquid investments are
defined as investments that are not publicly traded in sufficient volume to facilitate, under most
market conditions, prompt sale without severe market price effect.
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Examples include:
investment in private placements;
a security that is not supported or priced by at least two approved brokers/securities dealers;
sub investment grade (i.e., a lower than rating BBB- (Standard and Poor’s) or equivalent), and
in most cases, BBB rated investments; and
unrated securities.
Return on investments
The portfolio is expected to achieve a market average rate of return and take into account Noosa
Shire Council’s risk tolerance, current interest rates, budget considerations, and the economic cycle.
Any additional return target set by Council will also consider the risk limitations, prudent investment
principles and cash flow characteristics identified within this Investment Policy.
Comparison of performance
For performance purposes, the portfolio will be compared to the Bloomberg AusBond Bank Bill Index
and/or the Bank Bill Swap Reference Rate over a rolling one-year period. The benchmark target is
to be set equal to or above the benchmark yield and consider the expected types of securities held
in each portfolio.
In comparing performance, the portfolio will be market valued and take into account all coupons,
deposits and withdrawals to/from the portfolio.
ROLES AND RESPONSIBILITIES
Authorised personnel
The Director Corporate Services and the Manager Financial Services are authorised to invest Noosa
Shire Council’s operating funds at their discretion in investments consistent with this Investment
Policy and legislation.
The Manager Financial Services will report to Council for investment guidelines and oversight of
investment activities for the purposes of this Investment Policy.
Internal controls
The Manager Financial Services in consultation with the Director Corporate Services shall establish
internal controls and processes that will ensure investment objectives are met and that the
investment portfolios are protected from loss, theft or inappropriate use.
The established processes will include monthly and quarterly reporting, as well as an annual review
of the Investment Policy. The internal controls will address the following:
control of collusion;
accounting and record keeping;
evidence of quotes for each investment transaction;
delegated authority to investment officers;
compliance and oversight of investment parameters; and
reporting guidelines.
The internal controls will be subject to periodic reviews by Council’s Internal Audit function to verify
compliance with the Investment Policy and legislation.
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INVESTMENT PARAMETERS
Investable funds
For the purposes of this policy, investable funds are the moneys available for investment at any one
time and include the Noosa Shire Council’s bank account balance. Included in this balance is any
moneys held by Council on behalf of external parties (for example developer contributions).
The investable funds should be matched against the cash flow needs of Council deemed by the
Manager Financial Services following adoption of the Noosa Shire Council’s annual budget.
Authorised investments
Without specific approval from Council or the Treasurer, investments are limited to those prescribed
by Section 6 of the Statutory Bodies Financial Arrangements Act 1982 for local governments with
Category 1 investment power, which include:
deposits with a financial institution;
interest bearing deposits;
commercial paper;
bank accepted/endorsed bank bills;
bank negotiable certificates of deposit;
short term bonds;
floating rate notes;
QIC Cash Fund; and
QTC Capital Guaranteed Cash Fund, Debt Offset Facility, Fixed Rate Deposit (up to 12 months)
and QTC Working Capital Facility.
Prohibited investments
This Investment Policy prohibits any investment carried out for speculative purposes. The Manager
Financial Services may include a prohibited investments list within the Investment Guidelines.
The following investments are prohibited by this investment policy:
derivative based instruments (excluding floating rate notes);
principal only investments or securities that provide potentially nil or negative cash flow;
stand-alone securities issued that have underlying futures, options, forward contracts and swaps
of any kind; and
securities issued in non-Australian dollars.
Portfolio investment parameters and credit requirements
The following table shows the credit ratings and counterparty limits for Council:
Short Term Rating (Standard & Poor’s) or equivalent Individual Total Limit
Counterparty
Limit
A1+ - Financial Institutions 35% 100%
A1+ - Bond Mutual Funds 30% 50%
A1 – Financial Institutions 30% 30%
A2 – Financial Institutions 15% 30%
A3 – Financial Institutions 5% 10%
Unrated Nil Nil
QIC / QTC Pooled Cash Management Fund 100% 100%
It is noted that for the purposes of this investment portfolio, the percentage limits apply effective from
the date of purchase as a percentage of the market value of the portfolio. No more than 20 per cent
of the portfolio is to be invested in Floating Rate Notes.
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Maturity
The maturity structure of the portfolio will reflect a maximum term to maturity of no longer than 12
months.
Liquidity requirement
Given the nature of the funds invested, no more than 20 per cent of the investment portfolio will be
held in illiquid securities and at least 10 per cent of the portfolio can be called at no cost or will mature
within 0-7 days.
Breaches
Any breach of this Investment Policy is to be reported to the Director Corporate Services and
Manager Financial Services and rectified within 24 hours of the breach occurring.
Where Council holds an investment that is downgraded below the minimum acceptable rating level,
as prescribed under regulation for the investment arrangement, Council shall within 28 days after
the change becomes known to the local government, either obtain Treasurer’s approval for
continuing with the investment arrangement or sell the investment arrangement (including, for
example, withdrawing a deposit).
Where limits for different risk categories or where counterparty limits are breached, the Manager
Financial Services will bring the matter to the attention of the Director Corporate Services with a
recommendation on potential options (e.g. continuing with the investment through until maturity, or
withdrawing a deposit).
Safekeeping and custody
Each transaction will require written confirmation by the broker/dealer/bank. Council will hold security
documents, or alternatively a third party custodian authorised by the Manager Financial Services
and evidenced by safekeeping receipts may hold security documents.
Criteria of authorised dealers and broker
Noosa Shire Council will maintain a list of authorised financial institutions and securities brokers that
the investment officers may deal with. These financial intermediaries must have a minimum long
term rating of at least either A+/A1/A+ from Standard and Poors, Moodys or Fitch IBCA.
All transactions undertaken on behalf of the investment portfolio of Council will be executed either
by Noosa Shire Council directly, or through securities brokers registered as Australian Financial
Service Licensees (ASIC) with an established sales presence in Australia, or direct issuers that
directly issue their own securities which are registered on Noosa Shire Council’s approved list of
brokers/dealers and direct issuers.
REPORTING
The Manager Financial Services will prepare a monthly report and evaluation of the transactions,
concentrations, performance and compliance of the investment portfolio. The report will include:
summary of securities held at the end of the reporting period by counterparty;
liquidity of the portfolio as at reporting date;
percentage of the portfolio held by investment risk category; and
performance of the portfolio [relative to Bloomberg AusBond Bank Bill Index benchmark and/or
BBSW].
On an annual basis, the Investment Policy will be reviewed and amended where required; any
amendments are to be approved by Council prior to the implementation of the revised investment
policy.
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PERFORMANCE MEASUREMENT
The investment return for the portfolio shall be measured using the market value of the portfolio,
including withdrawals and deposits, and total performance of the portfolio compared to the
Bloomberg AusBond Bank Bill Index. This is to include changes in the capital value of assets held
(where applicable), income from managed investment portfolio assets, proceeds of sales of assets
sold and cost of assets acquired. The market value of the portfolio is to be calculated at least monthly
to coincide with monthly reporting. In defining market value, at least two pricing sources should be
included in the valuation of the securities.
DEFINITIONS
BBSW – Bank Bill Swap Rate – This is the daily calculation of the yields on bank bills of 1, 2, 3, 4,
5, and 6 month maturities used for the setting of financial arrangements.
Bloomberg AusBond Bank Bill Index – widely considered to be the industry benchmark for short
term cash fund performance and is used by market participants as a means of comparing the returns
generated by the various cash funds available in the market.
Credit Risk – is the risk of loss due to the failure of an investment issuer or guarantor
Ethical Investment Principles – Investment in companies or industries that promote positive
approaches to environmental, social and corporate governance issues; or the avoidance of
investment in industries deemed harmful to health or the environment. These principles have been
recognised by the United Nations Principles for Responsible Investment.1
Financial Institution is defined as an authorised deposit-taking institution within the meaning of the
Banking Act 1959 (Cwlth), Section 5.2
Investments are defined as arrangements that are undertaken or acquired for producing income
and apply only to the cash investments of Noosa Shire Council.
Market Value of the portfolio is the book value of fixed term fixed interest deposits plus a market
value assessment of commercial paper, bank bills, and bonds or floating rate notes.
QIC – Queensland Investment Corporation.
QTC – Queensland Treasury Corporation.
RELEVANT POLICIES AND LEGISLATION
Statutory Bodies Financial Arrangements Act 1982
Statutory Bodies Financial Arrangements Regulation 2007
Local Government Act 2009
Banking Act 1959 (Cwlth)
Version control:
Version Reason/ Trigger Change (Y/N) Endorsed/ Reviewed by Date
1.0 Create new on de-amalgamation Y Manager Financial Services 22/12/2013
from Sunshine Coast Regional
Council
2.0 Annual Review Y Manager Financial Services 02/06/2014
3.0 Annual Review Y Manager Financial Services 13/05/2015
4.0 Annual Review N Manager Financial Services 20/05/2016
1
Further information on the United Nations Principles for Responsible Investment, including a schedule of Australian
signatories, can be obtained from the following website http://www.unpri.org/principles/
2
For a list of authorised deposit taking institutions, refer to the website of the Australian Prudential Regulation
Authority: http://www.apra.gov.au/adi/.
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Council Policy
DEBT POLICY
Corporate Plan Reference: A sustainable Council
Endorsed by Council: <Insert Date of Council Meeting >
Policy Author: Director Corporate Services
POLICY BACKGROUND
The purpose of this policy is to ensure the sound management of Council’s existing and future debt.
The policy will provide clear guidance for staff in the management of Council’s debt portfolio and
maintenance of appropriate debt and debt service levels.
This policy applies to all Councillors and Council staff and extends to all borrowing activities of
Council and any controlled entities.
COUNCIL POLICY
Council will utilise a debt management strategy based on sound financial management principles
and ensure net debt (net financial liabilities) remains within financial sustainability targets.
Borrowing Purposes
1. Council will not utilise loan funding to finance operating activities or recurrent expenditure.
2. Council undertakes full analysis of all funding options as outlined in the Long Term Financial
Model, including a forward program of capital works, to determine loan funding requirements.
3. Council recognises that infrastructure demands placed upon Council can often only be met
through borrowings, but will always be mindful of the additional cost incurred by the community
when assets are acquired through borrowings which increases the cost of providing capital
infrastructure.
4. Council will endeavour to fund all capital renewal projects from operating cash flows and
borrow only for new or upgrade capital projects, having regard to sound financial management
principles and giving consideration to inter-generational equity for the funding of long term
infrastructure projects.
5. Where capital expenditure is deferred from one year to the next, the drawdown of approved
loan funds will be reviewed to minimise interest expenses.
6. Borrowings for infrastructure that provides a return on assets will take priority over borrowing
for other assets.
Debt Term
7. Where capital projects are financed through borrowings, Council will repay the loans within a
term not exceeding the life of those assets, and over a term that optimises cash flow efficiency.
7.1. If surplus funds become available, and where it is advantageous to Council, one-off loan
repayments will be made to reduce the term of existing loans.
7.2. In an environment of fluctuating interest rates, and where there is a distinct economic
advantage to Council, consideration will be given to renegotiating any outstanding loans
to obtain the best long-term benefit to Council.
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Repayment Ability
8. Council will maintain close scrutiny of debt levels to ensure that relative sustainability indicators
will not exceed target parameters recommended by Queensland Treasury Corporation and the
Local Government Regulation 2012
Borrowing Sources
9. Council will raise all external borrowings at the most competitive rates available and from
sources available as defined by legislation. Consideration will be given to provision of loans to
business units from surplus cash reserves held by Council by way on an internal loan.
Proposed Borrowings
10 Pursuant to section 192 Local Government Regulation 2012, Council must prepare a debt
policy each year that states the new borrowings planned for the current financial year and the
next 9 financial years.
10.1 Proposed Borrowings are outlined in Appendix A
Leases
11. Funding alternatives for asset acquisition includes leasing. Leases are defined as being either
operating leases or finance leases. Lease vs. Buy analysis will be undertaken prior to entering
into any contract for leasing.
11.1. Operating leases are undertaken for office equipment, computer equipment and vehicles
under master lease facilities subject to periodic review.
11.2. Finance leases are essentially loans and require prior approval by Treasury under the
Statutory bodies Financial Arrangements Act 1982.
Internal Loans
12. The provision and approval of an internal loan will depend on the availability of surplus funds
at the time of application and the capacity of either the business or operational activity to repay
the loan.
12.1. All applications for internal loans will be made by reference to the Financial Services
team for consideration in accordance with the Long Term Financial Forecast.
12.2. The term of the loan will be appropriate to the life of the asset being financed.
12.3. The interest rate will be the sum of (a) the equivalent QTC borrowing rate for the
proposed term; (b) the QTC administration charge; and (c) an additional margin above
the QTC borrowing rate. In all cases, where business activities are subject to the
provisions of the National Competition Policy, the cost to the business will be no less
than what would apply to an equivalent private sector business.
12.4. The interest rate applicable to internal loans relating to operational activities of Council
will be the actual borrowing cost from QTC including administrative charges.
12.5. Council may, upon reasonable notice being given, require repayment of part or all of the
balance of the loan at any time, which would require the business activity to convert the
outstanding balance of the loan to an external facility.
12.6. The balance of the outstanding loan will be recorded as a liability in the balance sheet of
the business activity and an asset in the balance sheet of Council.
12.7. Provision for the repayment of the loan will be included in the annual budget for the
business activity.
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GUIDING PRINCIPLES
The purpose of establishing a Debt Policy is to:
Provide a comprehensive view of Council’s long term debt position and the capacity to fund
infrastructure growth for the Shire;
Increase awareness of issues concerning debt management;
Enhance the understanding between Councillors, community groups and Council staff by
documenting policies and guidelines;
Demonstrate to government and lending institutions that Council has a disciplined approach to
borrowing.
ROLES AND RESPONSIBILITIES
Pursuant to section 192 of the Local Government Regulation 2012 detail of the proposed borrowing
for the current year and the future 9 years will be prepared annually as part of the budget process.
Applications outlining proposed borrowings will be forwarded to the Minister for Local Government
for approval.
Credit Reviews will be undertaken periodically by the QTC on behalf of the Minister for Local
Government.
Loan proceeds will be drawn down subject to cash flow requirements annually so as to minimise
interest expenses.
All lease proposals will be referred to Financial Services for evaluation against the QTC Asset
Financing Model to assess alternatives for funding asset acquisition and to ensure statutory
compliance.
MEASUREMENT OF SUCCESS
Financial sustainability indicators remain within target ranges and the provision of necessary
infrastructure is not constrained through the lack of capital funding.
Details of outstanding loans will be reported annually in Council’s Financial Statements and Annual
Report.
DEFINITIONS
Business Activity – An activity within the Council structure subject to the application of full cost
pricing principles as defined under the National Competition Policy.
Inter-generational equity – This relates to the fairness of the distribution of the costs and benefits
of a policy when costs and benefits are borne by different generations. (I.e. The principle whereby
those who derive a direct benefit from the service or infrastructure provided actually pay for that
service).
Net financial liabilities ratio – This is an indicator of the extent to which the net financial liabilities
of Council can be serviced by its operating revenues. A ratio greater than zero (positive) indicates
that total liabilities exceed current assets, whereas a ratio of less than zero (negative) indicates that
current assets exceed total liabilities and therefore Council would appear to have the capacity to
increase loan borrowings.
QTC – Queensland Treasury Corporation.
Page 3
Section 40
2016/2017 DEBT POLICY
RELEVANT POLICIES AND LEGISLATION
Local Government Act 2009
Local Government Regulation 2012
Statutory Bodies Financial Arrangements Act 1982
Statutory Bodies Financial Arrangements Regulation 2007
Version control:
Version Reason/ Trigger Change (Y/N) Endorsed/ Reviewed by Date
1.0 Create new Manager Financial Services 23/12/2013
2.0 Annual Review Manager Financial Services 02/06/2014
3.0 Annual Review Y Manager Financial Services 02/06/2015
4.0 Annual Review N Manager Financial Services 20/05/2016
Page 4
Section 41
Appendix A
Schedule of Proposed Borrowing:
2016/2017 2017/2018 2018/2019 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 2025/2026
$,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Proposed Borrowings 2,812 0 0 0 0 0 0 0 0 0
Borrowing Purpose Capital works projects as outlined in the adopted budget schedule
Page 5
Section 42
Council Policy
PROCUREMENT POLICY
Corporate Plan Reference: A sustainable Council
Endorsed by Council: <Insert Date of Council Meeting >
Policy Author: Director Corporate Services
POLICY BACKGROUND
This document sets out Council’s policy for the procurement of goods and services (including the
carrying out of works) and the disposal of assets. This policy applies to the procurement of all
goods, equipment and related services, construction contracts and service contracts (including
maintenance).
The procurement of all Council goods and services must be carried out in compliance with the
Local Government Act 2009 (the Act) and the Local Government Regulation 2012 (the Regulation).
The purpose of this policy is:
To facilitate the procurement of goods and services in the most cost-effective, timely and
practical manner.
To ensure that Council complies with the regulation and where appropriate, the State
Procurement Policy.
To ensure that all delegated officers have a clear understanding of their responsibilities.
To maintain adequate internal control over all aspects of purchasing, supply and disposal.
To ensure purchased works, goods and services contribute positively to Council’s delivery
of quality infrastructure and services.
Council’s procurement activities aim to achieve advantageous procurement outcomes by:
promoting value for money with probity and accountability;
advancing Council’s economic, social and environmental policies;
providing reasonable opportunity for competitive local businesses that comply with relevant
legislation to supply to Council; and
promoting compliance with relevant legislation.
In accordance with the contracting provisions contained in Chapter 6 of the regulation, this policy
incorporates relevant requirements regarding the procurement of goods and services and the
carrying out of the sound contracting principles as stated in Section 104 of the Act.
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Section 43
COUNCIL POLICY – PROCUREMENT POLICY
COUNCIL POLICY
1. SOUND CONTRACTING PRINCIPLES
Council officers must have regard to the following procurement principles in all purchasing activities:
a) Value for money
Council must harness its purchasing power to achieve the best value for money. The concept of
value for money is not restricted to price alone. The value for money assessment must include
consideration of:
contribution to the advancement of Council’s priorities;
fit for purpose, quality, services and support;
whole-of-life costs including costs of acquiring, using, maintaining and disposal;
internal administration costs;
technical compliance issues;
risk exposure; and
the value of any associated environmental benefits.
b) Open and effective competition
Purchasing should be open and result in effective competition in the provision of goods and
services. Council must give fair and equitable consideration to all prospective suppliers.
c) The development of competitive local business and industry
Where price, performance, quality, suitability and other evaluation criteria are comparable, the
following areas may be considered in evaluating offers:
creation of local employment opportunities;
more readily available servicing support;
more convenient communications for contract management; and
the benefit to Council of an associated local commercial transaction.
d) Environmental protection
Council promotes environmental protection through its purchasing procedures. In undertaking any
purchasing activities Council will:
promote the purchase of environmentally friendly goods and services that satisfy value for
money criteria;
foster the development of products and processes of low environmental and climatic impact;
provide an example to business, industry and the community by promoting the use of
climatically and environmentally friendly goods and services; and
encourage environmentally responsible activities.
e) Ethical behaviour and fair dealing
Council officers involved in purchasing are to behave with impartiality, fairness, independence,
openness, integrity, and professionalism in their discussions and negotiations with suppliers and
their representatives.
Note: Equal consideration is not required to be given to each of the contracting principles.
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Section 44
COUNCIL POLICY – PROCUREMENT POLICY
2. PROCUREMENT THRESHOLDS
Procurement thresholds refer to the aggregate expenditure with a supplier for goods and services
of a similar type.
a) Purchases < $15,000 (excl GST)
When entering into a contract for the acquisition of goods or services for less than $15,000 the
following options apply:
for purchases under $ 7,500 (excl GST) one verbal quotation is sufficient, however verbal
quotations can be recorded in the Technology One (T1) procure to pay module;
for purchases between $ 7,500 and $15,000 (excl GST) two written quotations are to be invited
and recorded. Council may decide not to accept any of the quotes it receives.
If a procurement activity is likely to be medium to high risk then a risk analysis should
be undertaken.
Records of offers received must be kept on file in the T1 procure to pay module.
b) Purchases > $15,000 and < $200,000 (excl GST)
Council cannot enter into a medium-sized contract unless Council first invites three written quotes
for the contract. Written quotations are to be recorded.
If a procurement activity is likely to be medium to high risk then a risk analysis should be
undertaken.
The invitation must be to at least three persons who Council considers can meet Council’s
requirements, at competitive prices. Council may decide not to accept any of the quotes it receives.
However, if Council does decide to accept a quote, Council must accept the quote most
advantageous to it having regard to the sound contracting principles identified in Section 106 of the
Act.
This requirement is subject to the exceptions identified in Item 3.
Records of offers received must be kept on file in in the T1 procure to pay module.
c) Purchases > $200,000 (excl GST)
Council cannot enter into a large-sized contract unless Council first invites written tenders for the
contract in accordance with the requirements of Section 224 of the regulation.
For purchases greater than $200,000 a formal tender process must be undertaken.
This requirement is subject to the exceptions identified in Item 3.
Council must either invite written tenders or invite expressions of interest (EOI) under Section 228
of the regulation. A Council resolution is required prior to undertaking an EOI.
The invitation for tenders must:
be made by an advertisement in a newspaper that circulates generally in the local government
area of Council; and
allow written tenders to be given to Council for at least 21 days after the advertisement
is published.
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Section 45
COUNCIL POLICY – PROCUREMENT POLICY
Council must comply with the requirements in section 228(7) of the regulation if it wants to invite
tenderers to change their tenders to take account of a change in the tender specifications.
Records of offers received must be kept on file in accordance with Council’s records management
procedures.
Council must as soon as practicable after entering a contract worth $200,000 or more (excl GST):
publish the relevant details of the contract on Council’s website; and
display the relevant details of the contract in a conspicuous place in Council’s public office
in Tewantin.
The relevant details must be published or displayed for a period of at least 12 months.
3. EXCEPTIONS FOR MEDIUM AND LARGE SIZED CONTRACTUAL ARRANGEMENTS
Section 229 of the Regulation identifies exceptions for medium and large-sized contracts. If one of
the exceptions applies, Council may enter into:
a medium-sized contract without first inviting written quotes; or
a large-sized contract without first inviting written tenders.
The exceptions are:
if Council decides, by resolution, to prepare a quote or tender consideration plan and prepares
and adopts the plan in accordance with the requirements of section 230 of the regulation;
entering into a contract if the contract is made with a person who is on an approved contractor
list established by Council in accordance with the requirements of section 231 of the regulation;
entering into a contract if the contract is entered into with a supplier from a register of pre-
qualified suppliers established by Council in accordance with the requirements of section 232
of the regulation;
entering into a contract for goods or services if the contract is entered into with a preferred
supplier under a preferred supplier arrangement that is made in accordance with the
requirements of section 233 of the regulation;
entering into an arrangement with an approved supplier arrangement under an LGA
arrangement established in accordance with the requirements of section 234 of the regulation;
and
entering into a medium-sized contract or a large-sized contract if:
o Council resolves that it is satisfied that there is only one supplier who is reasonably
available; or
o Council resolves that, because of the specialised or confidential nature of the services
that are sought, it would be impractical or disadvantageous for Council to invite
quotes or tenders; or
o a genuine emergency exists; or
o the contract is for the purchase of goods and is made by auction; or
o the contract is for the purchase of second-hand goods; or
o the contract is made with, or under an arrangement with, a government body.
4. DELEGATIONS
Only the Council officers listed in the financial delegations register are entitled to sign / approve
requisitions, and then only in accordance with their financial delegation limits. By signing or
approving a requisition / purchase order all officers are confirming that they have taken full notice
of this policy and will comply with all of the requirements of this policy.
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Section 46
COUNCIL POLICY – PROCUREMENT POLICY
5. REVIEW
It is the responsibility of the Director Corporate Services to monitor the adequacy of this policy and
recommend appropriate changes. This policy will be formally reviewed by Council annually.
ROLES AND RESPONSIBILITIES
Council officers responsible for the procurement of goods and services must comply with this
policy. It is the responsibility of Council officers involved in the procurement process to understand
the meaning and intent of this policy.
RELEVANT LEGISLATION
Council’s Corporate Plan
Council’s Operational Plan
Council’s Financial Delegations
Employee Code of Conduct
Councillor’s Code of Conduct
Procurement and Contracting Procedures
Purchase Card Procedures
Version control:
Version Reason/ Trigger Change (Y/N) Endorsed/ Reviewed by Date
1.0 New policy Council 06/03/2014
2.0 Review policy Y Director Corporate Services 16/05/2016
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Section 47
Council Policy
REVENUE POLICY
Corporate Plan Reference: A sustainable Council
Endorsed by Council: <Insert Date of Council Meeting >
Policy Author: Director Corporate Services
POLICY BACKGROUND
Council is required to prepare and adopt a Revenue Policy in accordance with Section 193 of the
Local Government Regulation 2012. The purpose of this policy is to set out the principles used by
Council for:
The levying of rates and charges;
Granting concessions for rates and charges;
The recovery of overdue rates and charges; and
Cost recovery methods.
This policy applies to all areas identified in Section 193 of the Local Government Regulation 2012,
and will be used to guide Council in the development of the Revenue Statement for the 2016/17
financial year.
COUNCIL POLICY
This policy must be reviewed annually and in sufficient time to allow an annual budget to be adopted
that is consistent with the policy. Accordingly, the principles contained within this policy are applied
in the determination of the rates, fees and charges as detailed in the Revenue Statement.
Council levies rates and charges to fund the provision of specific services to our community. When
adopting its annual budget Council will set rates and charges at a level that will provide for both
current and future community requirements. Council will apply the principle of transparency in
making rates and charges.
General Rates
General rate revenue funds services not otherwise received through subsidies, grants, contributions
or donations from other entities, or not provided for by other levies or fees and charges. Council will
consider all cost recovery options before determining general rate revenue levels.
Council is required to raise an amount of revenue it sees as being appropriate to maintain and
replace assets and provide services to the region as a whole. In deciding how that revenue is raised,
Council has formed the opinion that a differential general rating scheme based primarily on land use,
provides the most equitable basis for the distribution of the general rate burden.
The rateable value for each property is the basis for determining the amount of the general rate
levied. Council recognises that significant valuation fluctuations may have an adverse effect on
pensioners, therefore Council has implemented a Deferment of General Rates Policy to provide
eligible pensioners with the opportunity to apply for a deferment of general rates.
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Section 48
REVENUE POLICY
Special and Separate Rates and Charges
Where appropriate Council will fund certain services, facilities or activities by means of separate or
special rates or charges.
In accordance with Section 94 of the Local Government Regulation 2012 Council will levy special
rates and charges on certain properties that are considered to be specially benefited by the provision
of a specific service, facility or activity.
Special rates are based on the rateable value of the land and special charges are a flat charge per
property, where this is considered to provide a more equitable basis for the sharing of the cost.
In accordance with Section 103 of the Local Government Regulation 2012 Council will levy a
separate rate or charge on all rateable land in the region to fund a particular service, facility or activity
where Council believes that the service, facility or activity is key in achieving Council’s vision for the
region.
Other Charges
In general, Council will be guided by the principle of user pays in making all other charges.
The Levying of Rates and Charges
In levying rates and charges, Council will apply the principles of:
Consistency by scheduling the issue of rate notices on a half yearly basis;
Communication by advising ratepayers about rate notice issue dates and discount dates;
Clarity by providing meaningful information on rate notices to enable ratepayers to clearly
understand their responsibilities; and
Flexibility by providing payment arrangements to ratepayers in financial difficulty, along with a
wide array of payment options.
In making and levying rates and charges, Council will be guided by the principles of:
Equitable distribution of the general rates burden as broadly as possible;
Transparency in the making and levying of rates;
Flexibility, to take account of changes in the local economy;
Clarity in terms of responsibilities (Council’s and ratepayers’) in regard to the rating process;
National Competition Policy legislation where applicable; and
Having in place a rating regime that is efficient to administer.
The Purpose of and Granting of Concessions for Rates and Charges
Council has determined that pensioners as defined by the Local Government Regulation 2012 are
entitled to receive concessions on rates and various other services that Council provides to the
community. Council may grant a concession for land that is owned by a pensioner under Section
120(1) (a) of the Local Government Regulation 2012. The purpose of the concessions for pensioners
is to assist pensioner property owners to remain in their own home by reducing the financial impact
of rates and charges.
In accordance with Section 120(1) (b) of the Local Government Regulation 2012 other charitable
organisations, community groups, and sporting associations may also be entitled to concessions.
The purpose of these concessions is to encourage and support not for profit organisations,
community groups, and sporting associations as they contribute to the health and well-being of the
community and the social cohesion of the region.
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Section 49
REVENUE POLICY
In exercising these concession powers Council will be guided by the principles of:
Transparency by making clear the requirements necessary to receive concessions;
Communication by raising the awareness of target groups that may qualify for these concessions;
and;
Equity by ensuring that all applicants of the same type receive the same concession.
The Recovery of Rates and Charges
Council will exercise its rate recovery powers pursuant to the provisions of Chapter 4 Part 12 of the
Local Government Regulation 2012 in order to maintain liquidity through adequate cash flows and
to reduce the overall rate burden on ratepayers, and will be guided by the principles of:
Equity by treating all ratepayers in similar circumstances in the same manner and by having
regard to their capacity to pay;
Transparency by making clear the obligations of ratepayers and the processes used by Council
in assisting them to meet their financial obligations; and
Flexibility by accommodating ratepayers’ needs through short-term payment arrangements.
Council may use its other powers under the Local Government Act and Local Government
Regulation to recover overdue rates and charges. In particular, Council may exercise its power
under section 95 of the Local Government Act to register a charge over land where rates and charges
become overdue.
Alternatively, Council may elect to bring court proceedings against a ratepayer to recover overdue
rates and charges as a debt pursuant to section 134 of the Local Government Regulation.
Cost Recovery Fees
All fees and charges will be set with reference to cost recovery pricing. Commercial charges will be
at market rates and / or apply the competitive neutrality principle.
New Development Costs
Developer contributions for infrastructure are determined each year in accordance with the
philosophy that a developer should pay reasonable and relevant contributions towards the capital
cost of the provision of infrastructure to meet past and future augmentation costs associated with
new development, subject to State Government requirements. Infrastructure agreements are
negotiated outcomes between Council and the developer.
ROLES AND RESPONSIBILITIES
All Council staff are bound by the principles outlined in this policy in determining the level of rates,
fees and charges, and in the application of concessions relating to those rates, fees and charges.
RELEVANT LEGISLATION
Local Government Act 2009
Local Government Regulation 2012
Version control:
Version Reason/ Trigger Change (Y/N) Endorsed/ Reviewed by Date
1.0 Create new N Director Corporate Services 02 January 2014
2.0 Review Y Manager Revenue Services 04 June 2014
3.0 Review Y Manager Revenue Services 03 June 2015
4.0 Review Y Manager Revenue Services 07 May 2016
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Section 50
REVENUE STATEMENT
2016/17
Page 1
fies
Keeler
REVENUE STATEMENT
2016/17Section 51
Revenue Statement - 2016/17
TABLE OF CONTENTS
1. INTRODUCTION ...................................................................................................................... 3
2. ADMINISTRATION .................................................................................................................. 4
2.1 Issue of Rates Notices .................................................................................................... 4
2.2 Adjustment of Rates and Charges................................................................................... 4
2.3 Early Payment Discount .................................................................................................. 4
2.4 Pensioner Concessions .................................................................................................. 6
2.5 Outstanding Rates and Charges ..................................................................................... 7
2.6 Deferment of General Rates ........................................................................................... 8
2.7 General Rate Exemptions and Concessions ................................................................... 9
2.8 Fees and Charges ........................................................................................................ 10
2.9 Definitions ..................................................................................................................... 10
3. GENERAL RATES ................................................................................................................. 12
3.1 Basis of Rates ............................................................................................................... 12
3.2 Rates to Apply............................................................................................................... 12
3.3 Discounts ...................................................................................................................... 13
3.4 Notices .......................................................................................................................... 13
4 SPECIAL RATES AND CHARGES........................................................................................ 18
4.1 Tourism and Economic Levy ......................................................................................... 18
4.2 Noosa Waters Lock and Weir Maintenance Levy .......................................................... 19
4.3 Noosa Waters Canal Maintenance Levy ....................................................................... 20
4.4 Noosa Junction Levy ..................................................................................................... 21
4.5 Hastings Street Precinct Maintenance Levy .................................................................. 22
4.6 Noosa Main Beach Maintenance Levy .......................................................................... 23
4.7 Rural Fire Charge ......................................................................................................... 24
4.8 Hastings Street Community Safety Program Charge..................................................... 25
4.9 Lower Noosa North Shore Electricity Charge ................................................................ 26
5 UTILITY CHARGES ............................................................................................................... 27
5.1 Waste Management Charge ......................................................................................... 27
5.2 Holding Tank Charge .................................................................................................... 30
6 SEPARATE CHARGES ......................................................................................................... 31
6.1 Environment Levy ......................................................................................................... 31
6.2 Public Transport Levy ................................................................................................... 32
6.3 Heritage Levy ................................................................................................................ 33
APPENDIX 1: TOURISM AND ECONOMIC LEVY ....................................................................... 34
APPENDIX 2: NOOSA WATERS LOCK AND WEIR MAINTENANCE LEVY .............................. 35
APPENDIX 3: NOOSA WATERS CANAL MAINTENANCE LEVY............................................... 36
APPENDIX 4: NOOSA JUNCTION LEVY .................................................................................... 38
APPENDIX 5: HASTINGS STREET PRECINCT MAINTENANCE LEVY ..................................... 39
APPENDIX 6: NOOSA MAIN BEACH MAINTENANCE LEVY ..................................................... 42
APPENDIX 7: RURAL FIRE CHARGE ......................................................................................... 45
APPENDIX 8: HASTINGS STREET COMMUNITY SAFETY PROGRAM CHARGE .................... 47
APPENDIX 9: LOWER NOOSA NORTH SHORE ELECTRICITY CHARGE ................................ 48
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Revenue Statement - 2016/17
1. INTRODUCTION
Section 169(2) of the Local Government Regulation 2012 requires a local government to prepare
and adopt a revenue statement each financial year as part its budget. Section 172 of the Local
Government Regulation 2012 specifies the content to be included in the revenue statement.
Pursuant to Sections 169(2) and 172 of the Local Government Regulation 2012, Council hereby
resolves to adopt the following revenue statement, which provides details of the following:
General Rate
Separate Charges (a charge made and levied equally on all rateable land)
o Environment Levy
o Public Transport Levy
o Heritage Levy
Special Rates (a rate made and levied on the rateable value of some, but not all, rateable
land in the shire)
o Tourism and Economic Levy
o Noosa Waters Lock and Weir Maintenance Levy
o Noosa Waters Canal Maintenance Levy
o Noosa Junction Levy
o Hastings Street Precinct Maintenance Levy
o Noosa Main Beach Maintenance Levy
Special Charges (a charge made and levied on some, but not all, rateable land in the shire).
o Rural Fire Charge
o Hastings Street Community Safety Program Charge
o Lower Noosa North Shore Electricity Charge
Waste Management Charges
Holding Tank Charges
Administration which covers Pensioner Concessions, Discounts, Arrangements, General
Rate Deferments, General Rate Concessions and Interest
The criteria used to decide the amount of cost-recovery fees and
The criteria used to decide the amount of charges for a Council business activity’s goods and
services.
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Revenue Statement - 2016/17
2. ADMINISTRATION
2.1 Issue of Rates Notices
Council will issue rate notices in July 2016 for the billing period 1 July 2016 to 31 December 2016
and in January 2017 for the billing period 1 January 2017 to 30 June 2017.
2.2 Adjustment of Rates and Charges
Supplementary rates notices for variations in rates and charges may be issued as required during
the financial year. It is the owner’s responsibility to check that all rates and charges are correct at
the time of the issue of the rate notice. Adjustments to rates and charges levied in prior financial
years will not be made where:
(a) a property has been categorised in Differential General Rate Categories 16,17,18,19, or 27
(i.e. not principal place of residence) and the owner/s have not provided a declaration that
the property is his / her / their principal place of residence per section 3.2.3 of this revenue
statement.
(b) a property has been categorised as Transitory Accommodation – Urban or Transitory
Accommodation – Rural for the purposes of levying the Tourism and Economic Levy and the
owner/s have not provided a Tourism and Economic Levy declaration form advising Council
that the property is not offered for short term residential rental.
2.3 Early Payment Discount
Discounts for prompt payments shall be allowed on the rates and charges stipulated in Council's
revenue statement as having discount applying to them. Such discounts are allowed pursuant to
Section 130 of the Local Government Regulation 2012.
2.3.1 Method of Calculation
Subject to section 2.3.2 of this revenue statement the following discount will be allowed on general
rates where the net amount shown on the rate notice is paid by the designated due date:
5% of the general rate; or
$200.00 per annum (i.e. $100.00 for each half yearly rate period)
whichever is the lesser amount.
In the case of pensioners complying with the eligibility criteria contained in the Queensland
Government’s Rate Subsidy Scheme and Retirement Villages as per differential general rate
category 23, the half yearly discount offered will be 5% of the general rates. No maximum will
apply.
No Discount is allowable on the following charges which may appear on the rates notice:
State Emergency Management Levy
All Special Rates and Charges
All Separate Charges
Waste Management Charges
Change of Ownership Fee
Backflow Device Registration Fee
Valuation Fee
Holding Tank Charges
Any property charge relating to the provision of temporary services or the carrying out of
Council works on or in connection with the property
Any non-rate item included on rate notice
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Revenue Statement - 2016/17
Legal costs incurred by Council in rate collection
Interest charges on overdue rates
Any other rate, charge or amount unless a discount is specifically permitted by this revenue
statement.
2.3.2 Payments Made Before the Due Date
A discount shall be allowed where full payment of the current period rates and charges, plus any
overdue rates and charges and interest thereon, is received before the first working day following
the due date. This shall apply to all payments made at a Council office, an approved agency, or by
electronic means. For payments made through an approved agent or by electronic means the
payment is deemed to be received on the transaction date provided by the approved agent or
relevant financial institution.
2.3.3 Allowance of Early Payment Discount for Late Payments
There are occasions when payment by the due date is not achieved through circumstances
beyond the control of the ratepayer and the Section 130(10) of the Local Government Regulation
2012 provides Council with a discretionary power to allow discount in such circumstances.
2.3.3.1 Payments Made after the Due Date
Discount will be allowed if the full payment of the overdue rates and charges is made within a
period specified by Council AND the applicant provides proof satisfactory to Council of any of the
following:
Illness involving hospitalisation and/ or incapacitation of the ratepayer at or around the due
date for payment
The death or major trauma (accident/ life threatening illness/ emergency operation) of the
ratepayer and/ or associated persons (Spouse/ Children/ Parents) at or around the due date
for payment
The loss of records resulting from factors beyond the ratepayer’s control (Fire/ Flood etc.)
and Council is satisfied that the event was the cause of the ratepayer’s failure to make full payment
by the due date.
2.3.3.2 Late Payments Due to Delivery Difficulties
Discount will be allowed following the non-receipt of the rates notice by the ratepayer or the non-
receipt or late receipt of the rates payment by Council where the reason for such non-receipt or
late receipt is separately substantiated by:
a written statement from the ratepayer detailing non receipt of the rates notice provided
discount has not been allowed on a previous late payment in similar circumstances in the last
five (5) years; or
other evidence that payment of the rates was made by the ratepayer at the time, but did not
reach Council due to circumstances beyond the control of the ratepayer; or
where an administrative error occurred at the Department of Natural Resources and Mines
which resulted in the rates notice being incorrectly addressed by Council.
Discount may also be allowed if substantiated by evidence that the return of the rate notice to
Council although correctly addressed is through no fault or instigation of the ratepayer and beyond
the ratepayer’s reasonable control.
Discount will NOT be allowed if the circumstances above are:
as a result of the failure of the ratepayer to ensure that Council was given correct notification
of the postal address for service of notices prior to the issue of the rate notices; or
as a result of the failure of the ratepayer to ensure that Council was given the correct
notification of the email address for service of the notices prior to the issue of the rate notices
where the option for delivery by electronic means has been selected; or
as a result of a change of ownership, where Council received notification of the change of
ownership after the issue of the rates notice.
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Revenue Statement - 2016/17
2.3.3.3 Administrative Errors
An extended discount period will be allowed if Council has failed to correctly issue the rates notice
in sufficient time to permit the ratepayer to make payment before the expiration of the discount
period. The extended discount period will be equivalent to that period provided to other ratepayers
and will commence from the date Council specifies.
2.3.3.4 Payment Errors
Where there is an apparent accidental short payment of the rates resulting from a miscalculation of
the net amount due, arising from the payment of a number of rate notices at one time (i.e. addition
error) OR the tendering of an incorrect amount for a single rate notice (i.e. transposition error)
THEN discount will be allowed in the following manner:
WHERE THE AMOUNT OF THE ERROR IS $50.00 OR LESS
Full discount will be allowed and the underpaid amount will be treated as ‘Arrears of Rates’.
WHERE THE AMOUNT OF THE ERROR EXCEEDS $50.00
The Ratepayer will be advised in writing of the error and given 14 days to pay the shortfall. If the
shortfall is paid by the extended due date so advised full discount will be allowed at that time.
Allowance of discount in these circumstances will NOT be allowed if any transposition error or
addition error exceeds 20% of the total net rates payable on the single rate notice or the number of
rate notices paid at one time.
2.4 Pensioner Concessions
Council’s pensioner rate concession to eligible pensioners shall be allowed under Chapter 4, Part
10 of the Local Government Regulation 2012.
2.4.1 Eligibility Criteria
The pensioner:
1. Must comply with eligibility criteria contained in the Queensland Government’s Rate Subsidy
Scheme and must possess a current, valid qualifying concession card, namely:
Pensioner Concession Card issued by Centrelink or the Department of Veteran Affairs
OR
Repatriation Health (Gold) Card - (for all Conditions) issued by the Department of
Veteran Affairs; and
2. Must be the owner (either solely or jointly), or be an eligible life tenant, in accordance with
the guidelines for the State Government Rate Subsidy Scheme, of property within the shire
which is their principal place of residence, AND must have (either solely or jointly) with a co-
owner, the legal responsibility for payment of rates and charges which are levied in respect
of the said property by the Council. In the case of joint ownership, the concession will apply
only to the approved pensioner’s proportionate share of the applicable rates and charges,
except where the co-owners are an approved pensioner and his/ her spouse. In this situation
the concession will apply to the full amount of applicable rates and charges; and
3. Must, if a ‘first time’ applicant, lodge and complete the prescribed application to be entitled to
a rate concession. The information on this application form will be used by Council to verify
the eligibility of all pensioners (Centrelink and Veteran Affairs pension recipients). Upon proof
of eligibility, the entitlement to a concession will commence from either the card start date
shown on the Pensioner Concession Card or the date of occupation of their principal place of
residence or the start of the current rating period, whichever is the latter date. Such
entitlement shall continue until the sale of that property or until the entitlement to a pension
ceases to exist; and
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4. Must, if an ‘existing’ applicant, lodge another application if required by Council OR on the
acquisition of a replacement property within the shire. Entitlements to a concession will
continue without interruption if such application is received within a month of the request for a
new application or of the property settlement; and
5. Must have owned, or otherwise paid rates on, property within the shire for the preceding 3
years. Pensioner concession may be allowed where the applicant has paid rates on property
within the shire for 5 of the last 10 years, so long as the "gap" between ownerships in this
period does not exceed 12 months. Discretion may be applied in relation to contribution to
the shire regarding continuous residency, consistent with pensioner concession
arrangements as listed above. For holders of the Repatriation Health (Gold) card issued by
the Department of Veteran Affairs who have been classified as Totally and Permanently
Incapacitated the three year ownership provision is waived.
2.4.2 Method of Calculation
Pension Rate Sole title to the property Joint title to the property
$230 p.a. maximum $180 p.a. maximum
Maximum level of pension
$115 per half year $90 per half year
$115 p.a. maximum $65 p.a. maximum
Not Maximum level of pension
$57.50 per half year $32.50 per half year
2.4.2.1 Single Owner on the Maximum Rate of Pension
Where the pensioner is in receipt of the maximum level of pension and has sole title to the property
that is their principal place of residence the concession shall be 25% of the general rate up to a
maximum amount of $230.00 per annum.
2.4.2.2 Joint Owner on the Maximum Rate of Pension
Where the pensioner is in receipt of the maximum level of pension and owns the property jointly
with one or more people the concession shall be 25% of the general rate up to a maximum amount
of $180.00 per annum.
2.4.2.3 Single Owner not on the Maximum Rate of Pension
Where the pensioner is not in receipt of the maximum level of pension and has sole title to the
property that is their principal place of residence the concession shall be 25% of the general rate
up to a maximum amount of $115.00 per annum.
2.4.2.4 Joint Owner not on the Maximum Rate of Pension
Where the pensioner is not in receipt of the maximum level of pension and owns the property
jointly with one or more people the concession shall be 25% of the general rate up to a maximum
amount of $65.00 per annum.
2.5 Outstanding Rates and Charges
2.5.1 Interest Charges
Interest Charges shall be applied to all Overdue Rates or Charges under Section 133 of the Local
Government Regulation 2012. The interest shall be compound interest, calculated on daily rests.
The interest rate shall be 11% per annum.
2.5.2 Arrangements to Pay
Arrangements to pay pursuant to Section 129 of the Local Government Regulation 2012 will be
entered into for properties with the differential general rate category of 1, 6, 7, 8, 9, 10, 11, 12, 13,
14, 15, 16, 17, 18, 19, 27 or 28, where there are no overdue rates and charges from previous
rating periods and the ratepayer and Council agree that such arrangements will allow the
outstanding rates or charges payable to be paid by the end of the current billing period.
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An application for an arrangement should be received by Council prior to 31 July 2016 or 31
January 2017. Under an arrangement no discount will be provided for rates which are due.
Repayments will be calculated as at the time of applying for an arrangement and will not incur
interest charges.
Where a ratepayer defaults on an arrangement to pay, the arrangement will be cancelled, and
interest will be charged on the overdue rates and charges in accordance with section 2.5.1 of this
revenue statement from the date of default. Additionally Council will not enter into any further
arrangements during the rating period covered by the initial arrangement request.
2.6 Deferment of General Rates
Chapter 4 Part 10 of the Local Government Regulation 2012 allows Council to grant a rating
concession to certain ratepayers by entering an agreement to defer the payment of rates and
charges.
Pursuant to section 120(1)(a), section 121(b) and section 122(1)(b) of the Local Government
Regulation 2012 Council may allow eligible pensioners to enter into an agreement to defer the
payment of rates.
2.6.1 Deferment for Pensioners
To assist eligible pensioners who have experienced large increases in the value of their property
as determined by the Department of Natural Resources and Mines or have experienced financial
hardship Council will allow deferment of up to 50% of the general rate. The deferred rates will
accumulate as a debt against the property until it is sold or until the death of the ratepayer.
The deferment of general rates applies only to rates payable with respect to land included in
Differential General Rates Categories 1, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 & 28.
To be eligible to defer up to 50% of the general rate the applicant must:
own and occupy the property; and
have no overdue rates and charges on the said property; and
be the holder of a Pension Concession Card issued by Centrelink or the Department of
Veteran Affairs; OR
a Repatriation Health (Gold) Card issued by the Department of Veteran Affairs; OR
a Commonwealth Seniors Health Card; OR
a Queensland Seniors Card issued by the Queensland State Government.
Note that automatic eligibility applies to those ratepayers currently receiving a Pension Concession
on their rate notice. Eligibility for those ratepayers with a Seniors Card will be assessed
accordingly.
2.6.2 Interest Charges
Interest Charges, or the payment of an additional charge, shall be applied to all deferred general
rates under Section 122(5) of the Local Government Regulation 2012. The interest shall be
compound interest, calculated in daily rests. The interest rate shall be set at the 90 day bank bill
rate as at the adoption of the 2016/17 Budget.
2.6.3 Application to Defer
Ratepayers will be required to apply for a deferment of the general rate. Upon approval of the
application the deferment agreement will continue until Council is notified in writing to cease the
agreement, or until such time as the property is sold, or upon the death of the ratepayer, or until
the due date for payment as specified in the provisions of the deferment agreement
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2.7 General Rate Exemptions and Concessions
Section 93 (3) of the Local Government Act 2009 states that certain land is exempt from general
rates. Section 73 of the Local Government Regulation 2012 further details land that is exempt from
rating in accordance with Section 93(3)(j)(ii) of the Local Government Act 2009.
In applying these sections of the Local Government Act 2009 and supporting regulation, Council
will be guided by the principle of communication by raising the awareness of target groups that
may qualify for these exemptions.
Section 73 of the Local Government Regulation 2012 states that for Section 93(3)(j)(ii) of the Act,
the following land is exempted from rating:
(a) land owned by a religious entity if the land is less than 20ha and is used for 1 or more of the
following purposes:
(i) religious purposes, including, for example, public worship;
(ii) the provision of education, health or community services, including facilities for aged
persons and persons with disabilities;
(iii) the administration of the religious entity;
(iv) housing incidental to a purpose mentioned in paragraph (i), (ii) or (iii);
(b) land vested in, or placed under the management and control of, a person under an Act for:
(i) a public purpose that is a recreational or sporting purpose; or
(ii) a charitable purpose;
(c) land used for purposes of a public hospital if:
(i) the public hospital is
(A) part of a private hospital complex; or
(B) a private and public hospital complex; and
(ii) the land used for the purposes is more than 2ha and is separated from the rest of the
complex;
(d) land owned by a community organisation if the land is less than 20ha and is used for
providing the following:
(i) accommodation associated with the protection of children;
(ii) accommodation for students;
(iii) educational, training or information services aimed at improving labour market
participation or leisure opportunities;
(e) land used for a cemetery.
In addition to those classes of land granted a general rate exemption under Section 93(3) of the
Local Government Act 2009 and Section 73 of the Local Government Regulation 2012 Council
grants a general rates concession to land identified in Section 120(1)(b) of the Local Government
Regulation 2012 to the extent Council is satisfied the land is owned by an entity whose objects do
not include making a profit or an entity that provides assistance or encouragement for arts or
cultural development and is one of the following:
Boy Scout and Girl Guide Associations
Surf Lifesaving and Coastguard organisation
Community Sporting Organisation – Not for profit organisations without a commercial liquor
licence or a community club liquor licence
Community Cultural or Arts Organisation – Not for profit organisations without a commercial
liquor licence or a community club liquor licence
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Charitable Organisations
(a) Not for profit organisation; and
(b) Registered as a charity institution or a public benevolent institution; and
(c) Providing benefits directly to the community; and
(d) Endorsed by the Australian Tax Office - Charity Tax Concession.
The concession shall be 100% of the general rate. Applications received during the 2016/17 year
that fall within the categories above will be granted a general rate concession for the year. If a
property has previously been granted a general rate concession in the 2015/16 year the owner will
not be required to re-apply to obtain the concession for the 2016/17 financial year, however they
may be required to provide proof of their ongoing eligibility if requested to do so. Property owners
must immediately notify Council if there is a substantive change of land use for a property in
receipt of a general rate concession.
2.8 Fees and Charges
Section 97 of the Local Government Act 2009 allows a local government to fix a cost recovery fee
and Section 172(1) (c) of the Local Government Regulation 2012 provides that the revenue
statement must state the criteria used to decide the amount of any cost recovery fees. All fees and
charges will be set with reference to cost reflective pricing. Cost recovery fees will be charged up
to a maximum of full cost. Any non-profit, volunteer, charitable, community, sporting, or religious
organisation not in possession of a permanent liquor or gaming licence or a surf lifesaving club (or
similar organisation) in possession of a permanent liquor licence is eligible for a single discount of
50% reduction in development application fees.
Section 172(1) (d) of the Local Government Regulation 2012 provides that if the local government
conducts a business activity the revenue statement must state the criteria used to decide the
amount of the charges for the activity’s goods and services. Commercial charge setting will have
considered the competitive neutrality principle for a business activity conducted by Council and all
commercial charges for the 2016/17 financial year are set out in the Register of General Cost-
recovery Fees and Commercial Charges 2016/17 as adopted.
2.9 Definitions
community title scheme: premises situated on land in respect of which a Community Title
Scheme has been and remains registered pursuant to the Body Corporate and Community
Management Act 1997.
extractive industry: the dredging, excavating, quarrying, sluicing or winning of materials from the
ground.
land use codes those land use codes approved by Council effective from 1 July 2016.
not PPR: Land which is not the owner's principal place of residence.
primary production purposes: land available for the business or industry of grazing, dairying, pig
farming, poultry farming, viticulture, orcharding, apiculture, horticulture, aquaculture, vegetable
growing, the growing of crops of any kind, forestry; or any other business or industry involving the
cultivation of soils, the gathering in of crops or the rearing of livestock; and where a farming
concession is granted by the Department of Natural Resources and Mines in accordance with
Chapter 2, Part 2, Division 5, Subdivision 2 of the Land Valuation Act 2010.
PPR: land which is the owner's principal place of residence.
retirement village: a facility where older members of the community or retired persons reside, or
are to reside, in independent living units or serviced units in accordance with the Retirement
Villages Act 1999.
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shopping centre: land used for major retail activities or retail warehouses.
short term residential/transitory accommodation: is temporary accommodation provided for
periods of 28 days or less during any part of the current financial year.
strata unit: is land as defined under the Body Corporate and Community Management Act 1997,
Mixed Use Development Act 1993, or similar strata title legislation, with the exception of units
which are detached separately occupied dwellings.
vacant land: land devoid of buildings or structures with the exception of outbuildings or other
minor structures not designed or used for human habitation or occupation. It does not apply to land
that is used for car parking or in conjunction with any commercial activity, e.g. heavy vehicle or
machinery parking, outdoor storage areas, assembly areas or rural activities such as cultivation,
grazing or agistment.
Any terms not defined in this revenue statement shall be as defined under the Local Government
Act 2009 and supporting regulations and if not defined there the term will be given the meaning
determined by Council.
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3. GENERAL RATES
3.1 Basis of Rates
General Rates are to be levied under Section 94 of the Local Government Act 2009. The rate so
made shall be applied to the rateable value of properties.
Council will use a system of differential general rating for the 2016/17 financial year. Council will
not make a resolution limiting the increases in general rates for the 2016/17 financial year.
3.2 Rates to Apply
The applicable rates for the 2016/17 financial year are identified in Table 2 Schedule of Rates, as
adopted in the 2016/17 Council budget. The rate shall apply to the rateable value of lands which
are within the Noosa Shire as provided by the Department of Natural Resources and Mines.
3.2.1 Differential General Rates
For the purpose of making and levying differential general rates for the financial year on all
rateable land in the shire, the Council determines that for section 81 of the Local Government
Regulation:
(i) the categories into which rateable land in the shire is to be categorised are set out in column
1, table 1; and
(ii) the descriptions of each category of rateable land are set out in column 2, table 1.
For section 81(4) and (5) of the Local Government Regulation, Council delegates to the CEO the
power to identify the rating category to which each parcel of rateable land in the local government
area belongs. The identification of land in column 3, table 1 is for guidance only.
3.2.2 Minimum General Rates
Council has applied the rate in the dollar and minimum general rate levy as indicated in Schedule
of Rates Table 2.
Minimum General Rates are levied pursuant to Section 77 of the Local Government Regulation
2012.
3.2.3 Objecting to a Differential General Rate Category
In accordance with Section 90(2) of the Local Government Regulation 2012 the only ground for
objecting is that the owner considers the land should belong to a different rate category.
In accordance with Section 90(3) of the Local Government Regulation 2012 the owner may object
by giving the local government an objection notice. Section 90(4) of the Local Government
Regulation 2012 details the form an objection notice should take.
Section 90(5) of the Local Government Regulation 2012 specifies that the owner must give the
objection notice within:
(a) 30 days after the day when the rate notice was issued; or
(b) a longer period that the local government allows.
Council will only accept objections to rates category within the current financial year in which the
rates were levied.
In accordance with Section 91(5) of the Local Government Regulation 2012 if the Chief Executive
Officer decides to change the rating category of the land, the rating category is taken to have been
changed from the start of the period of the rate notice.
No objections for rates levied in previous financial years will be accepted; consequently no
adjustments for rates levied in previous financial years will be made on the basis of incorrectly
categorised land.
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3.2.4 Hardship
Where a landowner:
(a) has a property that is included in differential general rate category 16, 17, 18, 19 or 27; and
(b) is using the property to provide accommodation to a member of their immediate family, and
(c) the family member being housed has special circumstances such as a physical or mental
disability or safety and privacy concerns that preclude ownership of the property in their
name as a viable option.
Council may grant a concession to the ratepayer on the basis of hardship.
3.3 Discounts
An early payment discount as mentioned in section 2.3 and Council pensioner concessions as
mentioned in section 2.4 shall be applied to this rate.
3.4 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this rate.
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Table 1 – Rating Categories & Descriptions
Category Description Identification
(Guidance only)
1. Rural & Agricultural. Land used, or intended to be used, for rural or Land with the following
agricultural or primary production purposes. land use codes: 44,
60-61, 64-71, 73-89
and 93 or as otherwise
identified by the CEO.
2. Non-Residential – RV Land, with a rateable value less than or equal to Land with the following
<=$175,000. $175,000, which is used, or intended to be used, land use codes: 07-20,
for non-residential purposes other than land 22-39, 41-50, 52 and
included in categories 1, 5, 20-26, 29. 91 or as otherwise
identified by the CEO.
3. Non-Residential - RV Land, with a rateable value between $175,001 and Land with the following
$175,001 - $400,000. $400,000, which is used, or intended to be used, land use codes: 07-20,
for non-residential purposes other than land 22-39, 41-50, 52 and
included in categories 1, 5, 20-26, 29. 91 or as otherwise
identified by the CEO.
4. Non-Residential - RV > Land, with a rateable value greater than $400,000, Land with the following
$400,000. which is used, or intended to be used, for non- land use codes: 07-20,
residential purposes other than land included in 22-39, 41-50, 52 and
categories 1, 5, 20-26, 29. 91 or as otherwise
identified by the CEO.
5. Extractive Industries. Land used for the purposes of extractive industry, Land with land use
other than land included in category 29. code 40 or as
otherwise identified by
the CEO.
6. Residential (PPR) and Land, with a rateable value of less than or equal to Land with the following
Other – RV $280,000 which is- land used codes: 01,
<=$280,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
7. Residential (PPR) and Land, with a rateable value between $280,001 and Land with the following
Other – RV $280,001 - $450,000 which is- land used codes: 01,
$450,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
8. Residential (PPR) and Land, with a rateable value between $450,001 Land with the following
Other – RV $450,001 - and $550,000 which is- land used codes: 01,
$550,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
9. Residential (PPR) and Land, with a rateable value between $550,001 Land with the following
Other – RV $550,001 - and $700,000 which is- land used codes: 01,
$700,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
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Category Description Identification
(Guidance only)
10. Residential (PPR) and Land, with an rateable value between $700,001 Land with the following
Other – RV $700,001 - and $800,000 which is- land used codes: 01,
$800,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
11. Residential (PPR) and Land, with a rateable value between $800,000 Land with the following
Other – RV $800,001 - and $920,000 which is- land used codes: 01,
$920,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
12. Residential (PPR) and Land, with a rateable value between $920,001 Land with the following
Other – RV $920,001 - and $1,100,000 which is- land used codes: 01,
$1,100,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
13. Residential (PPR) and Land, with a rateable value between $1,100,001 Land with the following
Other – RV $1,100,001 and $1,400,000 which is- land used codes: 01,
- $1,400,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
14. Residential (PPR) and Land, with a rateable value between $1,400,001 Land with the following
Other – RV $1,400,001 and $2,500,000 which is- land used codes: 01,
- $2,500,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
15. Residential (PPR) and Land, with a rateable value greater than Land with the following
Other – RV > $2,500,000 which is- land used codes: 01,
$2,500,000. a. used for residential purposes as the owner’s 02, 03, 04, 05 and 06
principal place of residence other than land in or as otherwise
categories 28; or identified by the CEO.
b. not included in any other category.
16. Residential (Not PPR) Land, with a rateable value less than or equal to Land with the following
– RV <=$420,000. $420,000, used for residential purposes other than land used codes: 02,
as the owner’s principal place of residence other 03 and 05 or as
than land in category 27. otherwise identified by
the CEO.
17. Residential (Not PPR) Land, with a rateable value between $420,001 and Land with the following
– RV $420,001 - $500,000, used for residential purposes other than land used codes: 02,
$500,000. as the owner’s principal place of residence other 03 and 05 or as
than land in category 27. otherwise identified by
the CEO.
18. Residential (Not PPR) Land, with a rateable value between $500,001 and Land with the following
– RV $500,001 - $750,000, used for residential purposes other than land used codes: 02,
$750,000. as the owner’s principal place of residence other 03 and 05 or as
than land in category 27. otherwise identified by
the CEO.
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Category Description Identification
(Guidance only)
19. Residential (Not PPR) Land, with a rateable greater than $750,000, used Land with the following
– RV > $750,000. for residential purposes other than as the owner’s land used codes: 02,
principal place of residence other than land in 03 and 05 or as
category 27. otherwise identified by
the CEO.
20. Vacant Land – RV > Vacant land with a rateable value greater than Land with the following
$1,000,000 and area $1,000,000 and with an area of more than land used codes: 01,
more than 1,500 m2. 1,500m2 other than land included in category 22. 04 and 06 or as
otherwise identified by
the CEO.
21. Pump Stations, Stock Land used for the purposes of a pump station, a As identified by the
grazing and garages garage, or pursuant to a stock grazing permit with CEO.
with area less than an area less than 20m2.
20m2.
22. Subdivided land not yet Vacant land to which Chapter 2, Part 2, Division 5, Land with the following
developed Subdivision 3 of the Land Valuation Act 2010 land used code 72 or
applies. as otherwise identified
by the CEO.
23. Retirement Villages & Land used for the purposes of a retirement village, Land with the following
Nursing Homes. aged care facility or nursing home. land used code 21 or
as otherwise identified
by the CEO.
24. Shopping Centres – Land used for the purposes of a shopping centre, Land with the following
gross floor area with a gross floor area between 2,500 and 10,000 land used codes: 14,
between 2,500 and square meters. 15, 16 or 23 or as
10,000 square meters otherwise identified by
the CEO.
25. Shopping Centres – Land used for the purposes of a shopping centre, Land with the following
gross floor area greater with a gross floor area greater than 10,000 square land used codes: 14,
than 10,000 square meters. 15, 16 or 23 or as
meters otherwise identified by
the CEO.
26. Shopping Centres – Land used for the purposes of a shopping centre, Land with the following
gross floor area with a gross floor area between 1,000 and 2,500 land used codes: 14,
between 1,000 and square meters. 15, 16 or 23 or as
2,500 square meters otherwise identified by
the CEO.
27 Strata Units (Not PPR). Land which is a strata unit used for residential or Land with the following
accommodation purposes other than as the land used codes: 08 or
owner’s principal place of residence. 09 or as otherwise
identified by the CEO.
28. Strata Units (PPR). Land which is a strata unit used for residential or Land with the following
accommodation purposes as the owner’s principal land used codes: 08 or
place of residence. 09 or as otherwise
identified by the CEO.
29. Extractive Industries. Land used for the purpose of extractive industry Land with land use
for more than 50,000 tonnes per annum of code 40 or as
material from the earth. otherwise identified by
the CEO.
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Table 2 - Schedule of Rates
Category General Rate Minimum
cents in $ General Rate
(annual) (annual)
1. Rural & Agricultural 0.5071 $1,060
2. Non-Residential - RV <=$175,000 0.7307 $1,060
3. Non-Residential - RV $175,001 - $400,000 0.6936 $1,332
4. Non-Residential - RV > $400,000 0.6903 $2,889
5. Extractive Industries (not in category 29) 0.6672 $1,465
6. Residential (PPR) and Other – RV <=$280,000 0.4182 $1,060
7. Residential (PPR) and Other – RV $280,001 - $450,000 0.3985 $1,243
8. Residential (PPR) and Other – RV $450,001 - $550,000 0.3978 $1,902
9. Residential (PPR) and Other – RV $550,001 - $700,000 0.3925 $2,322
10. Residential (PPR) and Other - RV $700,001 - $800,000 0.3716 $2,916
11. Residential (PPR) and Other - RV $800,001 - $920,000 0.3599 $3,155
12. Residential (PPR) and Other – RV $920,001 - $1,100,000 0.3513 $3,514
13. Residential (PPR) and Other – RV $1,100,001 - $1,400,000 0.3154 $4,100
14. Residential (PPR) and Other – RV $1,400,001 - $2,500,000 0.3145 $4,685
15. Residential (PPR) and Other – RV > $2,500,000 0.2936 $8,344
16. Residential (Not PPR) – RV <=$420,000 0.4922 $1,273
17. Residential (Not PPR) – RV $420,001 - $500,000 0.4888 $2,194
18. Residential (Not PPR) – RV $500,001 - $750,000 0.4840 $2,594
19. Residential (Not PPR) – RV > $750,000 0.4813 $3,851
20. Vacant Land – RV > $1,000,000 and area more than 1,500m2 0.8391 $8,159
21. Pump Stations, Stock grazing permits and small lots with an area 0.5315 $157
less than 20m2
22. Vacant Land which is subject to Chapter 2, Part 2, Division 5, 0.2509 No minimum
Subdivision 3 of the Land Valuation Act 2010
23. Retirement Villages & Nursing Homes 0.6761 $1,060
24. Shopping Centres – gross floor area between 2,500 and 10,000m2 1.0337 $12,228
25. Shopping Centres – gross floor area greater than10,000m2 1.4181 $101,900
26. Shopping Centres – gross floor area between 1,000 and 2,500m2 0.7888 $4,586
27. Strata Units (Not PPR). 0.7202 $1,273
28. Strata Units (PPR). 0.6324 $1,060
29. Extractive Industries Quarries > 50,000 tonnes 1.0144 $1,464
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4 SPECIAL RATES AND CHARGES
4.1 Tourism and Economic Levy
4.1.1 Basis Of Rate
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009.
4.1.2 Rates to Apply
Cents per dollar of
Minimum
Description of Land Rateable Value
(annual)
(annual)
A. Transitory Accommodation - Urban 0.2386 $60.00
B. Transitory Accommodation - Rural 0.1789 $60.00
C. Commercial and Industrial - Urban 0.1193 $60.00
D. Commercial and Industrial - Rural 0.0895 $60.00
No minimum shall apply to strata titled mini storage units.
4.1.3 Land to which the rate applies
The land to which the rate will be applied is described in Appendix 1.
4.1.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 1.
4.1.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility and activity referred to above at differential levels reflecting the degree to which the
land or occupier is considered to derive benefit.
4.1.6 Overall Plan
The Tourism and Economic Levy Overall Plan is included in Appendix 1.
4.1.7 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to this rate.
4.1.8 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this rate.
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4.2 Noosa Waters Lock and Weir Maintenance Levy
4.2.1 Basis of Rate
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009.
4.2.2 Rate to Apply
The applicable annual rate for the financial year ending 30 June 2017 shall be 0.01443 cents in the
$ of rateable valuation for all rateable properties within the benefited area with a minimum of
$115.00 per annum as adopted in the 2016/17 budget.
4.2.3 Land to which the rate applies
The land delineated on the map in Appendix 2, including lots created pursuant to the Body
Corporate and Community Management Act 1997, Mixed Use Development Act 1993 or similar
strata title legislation.
4.2.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 2.
4.2.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility and activity referred to above at differential levels reflecting the degree to which the
land or occupier is considered to derive benefit.
4.2.6 Overall Plan
The Noosa Waters Lock and Weir Maintenance Overall Plan was adopted by the Council on 26
June 2014. For the sake of convenience, the Overall Plan, as previously adopted by the Council,
is included in Appendix 2.
4.2.7 Annual Implementation Plan
The annual implementation plan for the 2016/17 financial year is included in Appendix 2.
4.2.8 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to this rate.
4.2.9 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this rate.
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4.3 Noosa Waters Canal Maintenance Levy
4.3.1 Basis of Rate
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009.
4.3.2 Rate to Apply
The Council will not levy the Noosa Waters Canal Maintenance Levy in the 2016/17 financial year.
4.3.3 Overall Plan
The Noosa Waters Canal Maintenance Overall Plan was adopted by the Council on 26 June 2014.
For the sake of convenience, the Overall Plan, as previously adopted by the Council, is included in
Appendix 3.
4.3.4 Annual Implementation Plan
The Council intends to levy the Noosa Waters Canal Maintenance Levy in future financial years in
accordance with the Overall Plan. Accordingly, it is still required to adopt an Annual
Implementation Plan for the 2016/17 financial year.
The Annual Implementation Plan for the 2016/17 financial year is included in Appendix 3.
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4.4 Noosa Junction Levy
4.4.1 Basis of Rate
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009.
4.4.2 Rate to Apply
The applicable annual rate for the financial year ending 30 June 2017 shall be 0.2300 cents in the
dollar of rateable valuation for all rateable properties within the benefited area.
4.4.3 Land to which the rate applies
The land delineated on the map in Appendix 4, including lots created pursuant to the Body
Corporate and Community Management Act 1997, Mixed Use Development Act 1993 or similar
strata title legislation.
4.4.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 4.
4.4.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility or activity referred to above.
4.4.6 Overall Plan
The Noosa Junction Overall Plan is included in Appendix 4.
4.4.7 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to this rate.
4.4.8 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this rate.
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4.5 Hastings Street Precinct Maintenance Levy
4.5.1 Basis of Rate
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009.
4.5.2 Rates to Apply
The applicable annual rates for the financial year ending 30 June 2017 shall be 0.095 cents in the
$ of rateable valuation for all rateable properties within the benefited area delineated on map 5A,
and 0.027 cents in the $ of rateable valuations for all rateable properties within the benefited areas
delineated on maps 5B, 5C & 5D.
4.5.3 Land to which the rate applies
The land delineated on the maps in Appendix 5, including lots created pursuant to the Body
Corporate and Community Management Act 1997, Mixed Use Development Act 1993 or similar
strata title legislation.
4.5.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 5.
4.5.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility and activity referred to above at differential levels reflecting the degree to which the
land or occupier is considered to derive benefit.
4.5.6 Overall Plan
The Hastings Street Precinct Maintenance Overall Plan was adopted by the Council on 26 June
2014. For the sake of convenience, the Overall Plan, as previously adopted by the Council, is
included in Appendix 5.
4.5.7 Annual Implementation Plan
The annual implementation plan for the 2016/17 financial year is included in Appendix 5.
4.5.8 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to this rate.
4.5.9 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this rate.
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4.6 Noosa Main Beach Maintenance Levy
4.6.1 Basis of Rate
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009.
4.6.2 Rates to Apply
The applicable annual rates for the financial year ending 30 June 2017 shall be 0.167 cents in the
$ of rateable valuation for all rateable properties within the benefited area delineated on map 5A,
and 0.045 cents in the $ of rateable valuations for all rateable properties within the benefited areas
delineated on maps 5B, 5C & 5D.
4.6.3 Land to which the rate applies
The land delineated on the maps in Appendix 6, including lots created pursuant to the Body
Corporate and Community Management Act 1997, Mixed Use Development Act 1993 or similar
strata title legislation.
4.6.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 6.
4.6.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility and activity referred to above at differential levels reflecting the degree to which the
land or occupier is considered to derive benefit.
4.6.6 Overall Plan
The Main Beach Maintenance Overall Plan was adopted by the Council on 26 June 2014. For the
sake of convenience, the Overall Plan, as previously adopted by the Council, is included in
Appendix 6.
4.6.7 Annual Implementation Plan
The annual implementation plan for the 2016/17 financial year is included in Appendix 6.
4.6.8 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to this rate.
4.6.9 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this rate.
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4.7 Rural Fire Charge
4.7.1 Basis of Charge
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009. The Rural Fire Charge is levied for the purpose of assisting the Rural Fire Boards in the
areas where the charge is applied with the operations, maintenance and provision of buildings,
land and/or equipment for those Rural Fire Boards.
4.7.2 Charge to Apply
Annual Charge
Rural Fire Board Area
2016/17
Black Mountain $25.00
Boreen Point $25.00
Cooroibah $25.00
Doonan $25.00
Federal $25.00
Kin Kin $25.00
Noosa North Shore $25.00
Ridgewood $25.00
Teewah $25.00
Tinbeerwah $25.00
4.7.3 Land to which the charge applies
The land to which this charge is to be applied is identified by the Gazetted Rural Fire Board area
maps for each particular Rural Fire Board area. The charge shall not be levied on land which is
owned or otherwise under the control of the Council but not leased; OR that land which is
specifically excluded from the provision of such a service by Council.
4.7.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 7.
4.7.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility or activity referred to above.
4.7.6 Overall Plan
The Rural Fire Charge Overall Plan is included in Appendix.7.
4.7.7 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in Section 2.4 shall NOT be applied to this charge.
4.7.8 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this charge.
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4.8 Hastings Street Community Safety Program Charge
4.8.1 Basis of Charge
Special rates and charges may be levied under Section 94(1)(b)(i) of the Local Government Act
2009
4.8.2 Charges to Apply
The applicable annual charges for the financial year ending 30 June 2017 shall be as follows:
Category Annual Charge
2016/17
Category A - All lots in a Community Titles Scheme under the provisions of the $170.00
Body Corporate and Community Management Act 1997, Mixed Use Development
Act 1993 or similar strata title legislation and all other properties with an area of up
to 600 square metres.
Category B - All properties with an area between 601 and 2,000 square metres. $1,075.00
Category C - All properties with an area over 2,000 square metres. $5,175.00
4.8.3 Land to which the charge applies
The land delineated on the maps in Appendix 8, including lots created pursuant to the Body
Corporate and Community Management Act 1997, Mixed Use Development Act 1993 or similar
strata title legislation.
4.8.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 8.
4.8.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility and activity referred to above at differential levels reflecting the degree to which the
land or occupier is considered to derive benefit.
4.8.6 Overall Plan
The Hastings Street Community Safety Overall Plan is included in Appendix 8.
4.8.7 Annual Implementation Plan
The annual implementation plan for the 2016/17 financial year is included in Appendix 8.
4.8.8 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to this charge.
4.8.9 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this charge.
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4.9 Lower Noosa North Shore Electricity Charge
4.9.1 Basis of Charge
Special rates and charges may be levied under Section 94(1) (b) (i) of the Local Government Act
2009.
4.9.2 Charges to Apply
The applicable annual charges for the financial year ended 30 June 2017 shall be as follows:
Area Annual Charge
2016/17
A $1,399.00
B $1,996.00
4.9.3 Land to which the charge applies
The land delineated on the maps in Appendix 9, including lots created pursuant to the Body
Corporate and Community Management Act 1997, Mixed Use Development Act 1993 or similar
strata title legislation.
4.9.4 Service, facility or activity
The service, facility or activity for which the charge is levied is described in Appendix 9.
4.9.5 Basis of Charge Calculation
Council considers that the rateable land described above derives a special benefit from the
service, facility and activity referred to above at differential levels reflecting the degree to which the
land or occupier is considered to derive benefit.
4.9.6 Overall Plan
The Lower Noosa North Shore Electricity Overall Plan is included as Appendix 9.
4.9.7 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to this charge.
4.9.8 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this charge.
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5 UTILITY CHARGES
5.1 Waste Management Charge
5.1.1 Basis of Charge
Waste management charges are to be levied pursuant to Section 94(1)(b)(ii) of the Local
Government Act 2009 for the purpose of defraying the costs of operating, maintaining and
managing the disposal of waste in the Noosa Shire.
5.1.2 Charges to Apply
Charges shall apply to all properties within the shire where waste services are, or can be made
available. Services shall be provided in all cases sufficient to cater for the quantity and types of
wastes generated at each property.
Council will levy the charges on properties presently serviced in the defined service area and on
new properties as Council extends the defined service area.
5.1.3 Inclusions
Council will make available a 240 litre recycling bin, collected fortnightly, for each 140 or 240 litre
waste bin service at the property.
From 1 July 2016 Council is implementing the first stage of a strategy to divert organic garden
waste from general waste bins (currently disposed to landfill). As part of this strategy the owner/s
of all newly constructed single dwellings commencing a waste collection service in 2016/17 will be
provided with a minimum service of a 240 litre waste bin collected weekly, a 240 litre recycling bin
collected fortnightly and a 240 litre garden waste service, collected fortnightly, if they are located in
the mandated garden waste collection area.
For each bulk waste service provided to a property, Council will make available a recycling service
of the same or similar capacity to the bulk waste bin service. Council may, at its discretion, provide
this recycling service either weekly or fortnightly.
Council may, at its discretion, provide a bulk bin recycling service of equivalent capacity to the
entitled recycling bin capacity.
Where additional bulk recycling services are requested above the bundled service entitlement, the
additional bulk recycling service will incur a charge in accordance with section 5.1.7 of this revenue
statement.
Bulk waste services greater than 3 cubic metres shall be entitled to a recycling service equivalent
to 3 cubic metres of recycling capacity.
A maximum load limit of 2,500 kilograms applies to all bulk waste and bulk recycling container
services.
5.1.4 Exclusions
That land which is owned or otherwise under the control of the Council but not leased; or that land
which is specifically excluded from the provision of such a service by Council.
For single dwellings newly commencing a waste collection service in 2016/17 the owner/s may
make application to Council for exemption from a garden waste collection service where the owner
provides evidence that a gardening contractor is regularly engaged to service the property and
removes all garden waste from the property to Councils resource recovery facility or other
approved location. Where the owner discontinues the gardening service at any time Council will
reinstate the garden waste service and charges that apply.
Service cancellations are not permitted for properties that are intermittently occupied such as
holiday homes, or temporarily vacant premises awaiting sale or rental occupancy. Such premises,
which are intermittently occupied for a portion of the year, are required to pay the full annual
charge.
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5.1.5 Minimum / Additional Charges
All charges are for a minimum weekly service with the exception of:
garden waste bins, which are serviced fortnightly.
240 litre recycling bins which are serviced fortnightly.
A minimum charge equivalent to $202.00 per annum shall apply to all properties receiving a waste
service. Minimum charges do not apply to garden waste bin services. For example, where a bulk
waste service is used in Strata / Group Titled units instead of individual waste bins, a minimum
charge per unit equivalent to $202.00 per annum shall be applied.
There shall be a one off charge of fifty dollars ($50.00) for each bin where there is a change in
waste bin size to meet the costs associated with the change.
5.1.6 Adjustment of Waste Management Charges
Where the number of bins or frequency of service is altered at any time during the financial year a
supplementary rates notices may be issued.
Service cancellations are permitted in the following circumstances:
Following demolition of premises – pro-rata adjustments allowed; or
Premises that will be vacant for a full year and will not be intermittently occupied, or offered
for sale or rent. Cancellation must be made in the form required by Council (Note: If services
are cancelled and occupancy subsequently occurs during the financial year, the full annual
charge shall apply.)
Service cancellations for the garden waste recycling service may be requested at any time;
however a pro rata refund will not be provided (no refund applies for a service cancelled when
paying a rate notice).
It is the owner’s responsibility to check that all waste management charges are correct at the time
of the issue of the rate notice. Council will not adjustment waste management charges levied in
prior financial years.
5.1.7 Calculation of Charge
All charges shall be in accordance with the charge table details as listed below.
Single Weekly Service Permanent Service
Annual Charge
(except otherwise stated) 2016/17
Waste Bin -140 litre + Recycling Bin - 240 litre (fortnightly) $264.00
Waste Bin - 240 litre + Recycling Bin - 240 litre (fortnightly) $275.00
Garden Waste Bin - 240 litre (fortnightly) $65.00
Additional Recycling Bin – 240 litre (fortnightly). Must be authorised by Council No charge
Bulk Waste Bin - 1100 litre low noise $2,296.00
Bulk Waste Bin – 1 cubic metre $2,027.00
Bulk Waste Bin - 1.5 cubic metre $2,283.00
Bulk Waste Bin - 2 cubic metre $3,044.00
Bulk Waste Bin - 3 cubic metre $4,566.00
Compactor Bulk Waste Bin - 3 cubic metre $8,575.00
Compactor Bulk Waste Bin - 12 cubic metre $30,820.00
Compactor Bulk Waste Bin - 17 cubic metre $46,029.00
Compactor Bulk Waste Bin - 19 cubic metre $54,899.80
Compactor Bulk Waste Bin - 23/30 cubic metre $62,316.20
Additional Bulk Recycling Bin - 1100 litre $690.00
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5.1.8 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to these charges.
5.1.9 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to these charges.
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5.2 Holding Tank Charge
5.2.1 Basis of Charge
Waste management holding tank pump out charges are to be levied pursuant to Section 94(1) (b)
(ii) of the Local Government Act 2009 for the purpose of defraying the costs of providing the
service.
5.2.2 Charge to Apply
Charges shall apply to all lands and/or premises within the shire where waste services are, or can
be made available. Services shall be provided in all cases sufficient to cater for the quantity and
types of waste generated at each premises. Such charges shall apply to all lands and/or premises
which are required under the Health Act and Regulations and Sewerage and Water Supply Act to
receive a holding tank pump out.
Holding tank pump out charges are based on a maximum litreage of 5,000 litres per service.
Quantities in excess of 5,000 litres are charged at a per litre rate in accordance with Council’s Fees
and Charges.
5.2.3 Calculation of Charge
All charges shall be in accordance with the charge table details as listed below.
Permanent Service
Holding Tank Services
Annual Charge 2016/17
Weekly $5,604.00
Fortnightly $2,802.00
4 Weekly $1,401.00
8 Weekly $700.00
10 Weekly $560.00
12 Weekly $467.00
16 Weekly $350.00
5.2.4 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT be applied to these charges.
5.2.5 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to these charges.
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6 SEPARATE CHARGES
Separate charges may be levied under Section 94(1) (b) (iii) of the Local Government Act 2009.
6.1 Environment Levy
6.1.1 Basis of Charge
The Environment Levy, a separate charge, shall be made and levied for the 2016/17 financial year
on all rateable land in the Noosa Shire local government area to fund the costs of a range of
environmental initiatives including:
The acquisition and maintenance of land identified as suitable for environment conservation
purposes.
Entering into, and meeting obligations in relation to, voluntary conservation agreements with
private property owners over land identified as a strategic acquisition for environmental
purposes.
Funding of management and administrative arrangements for the Noosa Biosphere Reserve.
Funding of environmental projects that meet the Noosa Biosphere Reserve environmental
objectives as agreed by Noosa Council, restricted to:-
a) projects submitted under the Noosa Biosphere Reserve management arrangements;
and
b) other major environmental projects.
6.1.2 Charge to Apply
The applicable annual charge for the financial year ended 30th June 2017 shall be $60.00. The
charge shall apply to all rateable land within the Noosa Shire.
6.1.3 Basis of Charge Calculation
Council considers that the benefit to any particular rateable land from the range of strategic
environmental management initiatives listed in 6.1.1 cannot be distinguished from the benefit to
any other particular rateable land. Accordingly a separate charge of $60.00 per annum is to be
levied equally on all rateable land in the shire.
All rateable land in the shire will benefit from the range of strategic environmental management
initiatives listed in 6.1.1 that are funded by the charge.
6.1.4 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT apply to this charge.
6.1.5 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this charge.
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6.2 Public Transport Levy
6.2.1 Basis of Charge
The Public Transport Levy, a separate charge, shall be made and levied for the 2016/17 financial
year on all rateable land in the Noosa Shire local government area to meet the costs of a range of
services and initiatives related to public transport. The funding is primarily aimed at managing
congestion and reducing demand for increased capacity on the road network and car parking.
Initiatives may include, but are not necessarily limited to:
Entering into partnerships with the State Government to investigate, trial and/or deliver public
transport services.
Supporting public transport services through provision of new or improvements to existing
kerb-side and public transport infrastructure such as bus shelters and facilities at transport
hubs.
Intelligent transport systems to manage congestion and inform motorists and public transport
users.
Provision of flexible public transport services to meet demonstrated community need.
6.2.2 Charge to Apply
The applicable annual charge for the financial year ended 30th June 2017 shall be $20.00 per
rateable property. The charge shall apply to all rateable land within the Noosa Shire.
6.2.3 Basis of Charge Calculation
Council considers that the benefit to any particular rateable land from the funding of public
transport services and initiatives cannot be distinguished from the benefit to any other particular
rateable land. Accordingly a separate charge of $20.00 per annum is to be levied equally on all
rateable land in the shire.
All rateable land in the shire will benefit from the range of services and initiatives that are funded by
the charge.
6.2.4 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT apply to this charge.
6.2.5 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this charge.
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6.3 Heritage Levy
6.3.1 Basis of Charge
The Heritage Levy, a separate charge, shall be made and levied for the 2016/17 financial year on
all rateable land in the Noosa Shire to fund a cultural heritage program for the management,
protection and improvement of the heritage of the shire. Revenue from the levy will be expended
on a range of emerging priorities and key projects, as decided by Council with advice from relevant
stakeholders, as described below:
Council heritage assets: the maintenance and preservation of Council-owned built heritage
infrastructure, sites or collections.
Heritage projects and initiatives: to fund new and ongoing cultural heritage projects and
acquisitions by Council or in partnership with the community.
Heritage consultancy: to engage heritage architects, advisors or similar to provide advice to
Council and property owners in relation to cultural heritage matters.
Heritage sector development: to undertake networking and professional development
activities for the local heritage sector and to facilitate the Noosa Heritage Reference Group.
6.3.2 Charge to Apply
The applicable annual charge for the financial year ended 30th June 2017 shall be $10.00. The
charge shall apply to all rateable land within the shire.
6.3.3 Basis of Charge Calculation
Council considers that the benefit to any particular rateable land from the establishment of a
heritage program for the management, protection and improvement of the shire’s heritage, which
includes initiatives listed in 6.3.1, cannot be distinguished from the benefit to any other particular
rateable land. Accordingly a separate charge of $10.00 per annum is to be levied equally on all
rateable land in the shire.
All rateable land in the shire will benefit from the implementation of Council’s heritage program and
from the implementation of the initiatives listed in 6.3.1 that are funded by the charge.
6.3.4 Discounts
An early payment discount as shown in section 2.3 and Council pensioner concessions as shown
in section 2.4 shall NOT apply to this charge.
6.3.5 Notices
Section 2.1 of this revenue statement sets out the Council billing frequency and method that will be
applied to this charge.
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APPENDIX 1: TOURISM AND ECONOMIC LEVY
OVERALL PLAN
1. Special Rate for Economic Development and Tourism Promotion in the Noosa Shire
Noosa Council has adopted a Noosa Local Economic Plan and is focused on implementing that
plan with projects and initiatives to grow the Noosa economy. The Council will undertake a range
of projects in 2016/17 to implement the Noosa Local Economic Plan including its ongoing
commitment to the Noosa Tourism sector of our economy. Tourism is a major economic driver of
the Noosa economy and Council is committed to its ongoing sustainability and appropriate
promotion and marketing via Tourism Noosa.
2. The Rateable Land to Which the Special Rate Applies
Council has agreed to fund the implementation of the Noosa Local Economic Plan. This
implementation includes the ongoing funding of the promotion of tourism and related activities and
also the implementation of other projects that will assist in delivering the strategies identified in the
Noosa Local Economic Plan. The Council has agreed to fund this expenditure through the levying
of a special rate for the 2016/17 financial year upon all rateable land within the shire which has
been categorised as Transitory Accommodation – Urban, Transitory Accommodation - Rural,
Commercial and Industrial – Urban and Commercial and Industrial - Rural which will receive a
benefit from the service, facility or activity defined below.
Commercial and Industrial properties are properties included in Differential General Rate
Categories 2, 3, 4, 24, 25 and 26.
Transitory accommodation is defined as properties, either whole units or dwellings or a specific
room or rooms within a unit or dwelling, included in Differential General Rate Categories 6, 7, 8, 9,
10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 27 and 28 which are offered for short term residential rental,
being rental for a period of less than 28 days, at any time during the 2016/17 financial year.
Internet listings or other publicly available rental listings showing per night or per week rates will
constitute evidence of the property being offered for short term rental.
The urban classification shall apply to all properties in the localities of Noosa Heads, Noosaville,
Tewantin, Sunshine Beach, Sunrise Beach, Marcus Beach, Peregian Beach and Castaways
Beach. Properties in all other localities shall be categorised as rural.
3. Service, facility or activity
The service, facility or activity for which the rate is levied is the carrying out of implementation of
the Noosa Local Economic Plan which includes projects and activities that are aimed at growing
the Noosa economy. This includes projects and activities that focus on diversifying the Noosa
Economy but also continuing with a key focus on tourism promotion strategies. The projects and
activities may be implemented by Council and / or approved external agencies.
4. The Estimated Cost of Implementing the Overall Plan
The estimated cost of carrying out the overall plan is $2,753,000 in the 2016/17 financial year. Of
the total amount collected under this special rate, funds will be provided to Tourism Noosa under
the terms of a funding deed between Tourism Noosa and Noosa Shire Council in order that
Tourism Noosa can undertake promotion of tourism and related activities for the Noosa region.
The balance collected under this special rate will be used for other projects and activities that
assist with the carrying out of implementation of the Noosa Local Economic Plan.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is by 30 June 2017. It is anticipated that a levy
will be made in future years as the service, facility and activities are on-going programs.
Page 34
Section 84
Revenue Statement - 2016/17
APPENDIX 2: NOOSA WATERS LOCK AND WEIR MAINTENANCE LEVY
OVERALL PLAN
1. Special Rate for the Maintenance of the Noosa Waters Lock and Weir
Maintenance and operation of the Noosa Waters canal system is the responsibility of Council.
Council has developed long term cost projections associated with the operations and maintenance
of the lock and weir system at an appropriate level of service.
2. The Rateable Land to Which the Special Rate Applies
The waterfront allotments in the Noosa Waters estate, as delineated in the map below.
3. Service, facility or activity
The service, facility or activity for which the rate is levied is the operation and maintenance of the
lock and weir system servicing the Noosa Waters Estate.
4. The Estimated Cost of Implementing the Overall Plan
The estimated cost of carrying out the overall plan is $837,000.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is a period of ten (10) years ending 30 June
2024.
It is anticipated that a levy will be made in future years as the service, facility and activities are on-
going programs.
2016/17 ANNUAL IMPLEMENTATION PLAN
The annual implementation plan for the 2016/17 financial year ending 30 June 2017 is to continue
the operation and maintenance of the lock and weir system servicing the Noosa Waters Estate.
The estimated cost of works proposed to be undertaken by Council this financial year is $60,000.
Page 35
Section 85
Revenue Statement - 2016/17
APPENDIX 3: NOOSA WATERS CANAL MAINTENANCE LEVY
OVERALL PLAN
1. Special Rate for the Maintenance of the Noosa Waters Revetment Walls
Following remedial work undertaken by Council in the Noosa Waters estate canal area to address
structural problems with the revetment walls, Council has decided to implement an inspection,
maintenance and future works program upon advice from appropriately qualified consulting
engineers. Council has developed long term cost projections associated with the inspection,
maintenance and future works in the Noosa Waters estate canal area to provide support at a level
considered appropriate to ensure the long term viability of the canal revetment wall system.
2. The Rateable Land to Which the Special Rate Applies
The waterfront allotments in the Noosa Waters estate as delineated in the map below. As
approximately 8.5% of the properties bordering the canals are Council owned or controlled, Noosa
Council will contribute 8.5% of the ongoing costs for this program, and the remainder of the costs
will be met from revenue raised by the special levy.
3. Service, facility or activity
The service, facility or activity is the inspection, maintenance and undertaking of remedial works in
the Noosa Waters estate canal area to support the revetment wall system. The program, which is
designed to maintain the structural integrity of the revetment wall system, will support the following
works:
a) An on-going program of inspections of the area by Council staff and an appropriately
qualified consulting engineer. The inspection program will include the lease costs of survey
equipment and the undertaking of the physical survey work including survey of scour
protection profiles.
b) Periodic maintenance and works required to maintain scour protection profiles including the
costs of any contractor to establish a work site and undertake maintenance in the Noosa
Waters estate canal area to maintain the structural integrity of the revetment wall system.
Maintenance works include the provision of rock to canal areas adjoining revetment walls to
assist with the wall structure integrity.
c) Works to address structural problems with the revetment walls in the Noosa Waters Estate.
For the sake of clarity, the scope of the works do not include any works that are or have been
undertaken that are known to Council as Stage 2 works.
Page 36
Section 86
Revenue Statement - 2016/17
4. The Estimated Cost of Implementing the Overall Plan
The estimated cost for carrying out the overall plan is $1,200,000.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is twenty (20) years ending 30 June 2034. It is
anticipated that a levy will be made in future years as the service, facility and activities undertake
are an on-going programme.
2016/17 ANNUAL IMPLEMENTATION PLAN
The annual implementation plan for the 2016/17 financial year ending 30 June 2017 is to continue
the routine inspection program, undertake a survey of the scour protection profile and then perform
a review of the canal profiles to determine the scope of necessary future works.
It is considered that there are sufficient reserve funds available to fund the implementation of the
overall plan in 2016/17. As such, no revenue is required to be collected in 2016/17.
The estimated cost of works proposed to be undertaken by Council this financial year is $9,000.
Page 37
Section 87
Revenue Statement - 2016/17
APPENDIX 4: NOOSA JUNCTION LEVY
OVERALL PLAN
1. Special Levy for the Development of a Commercial Strategy for Noosa Junction.
Following requests from the Noosa Junction Traders Association and Noosa Junction property
owners in 2007, the former Noosa Council agreed to engage consultants to undertake a study and
develop a Commercial Strategy for Noosa Junction in 2007-08. During the 2008-09 financial year
the Noosa Junction Traders Association requested the Sunshine Coast Regional Council to begin
implementation of the recommendations of the Noosa Junction Commercial and Economic
Planning Strategy (NJCEPS) and this has continued over subsequent years.
Council has received a further request from the Association to continue to fund projects and
initiatives that will be implemented in 2016/17 to advance the recommendations of the Noosa
Junction Commercial and Economic Planning Strategy.
2. The Rateable Land to Which the Special Rates Applies
Properties subject to the special rate fall within the area delineated on the map below.
3. Service, facility or Activity
The Noosa Junction Association will, in consultation with Council, implement projects and
initiatives as set out in the 2016/17 Work Plan including recommendations of the Noosa Junction
Commercial and Economic Planning Strategy. Council will provide levy funding to the Noosa
Junction Association for that Association to implement those projects and initiatives on the basis
that the Noosa Junction Association satisfies Council that is has in place the appropriate
governance arrangements and that the 2016/17 Work Plan has been approved by Council before
any levy funds are transferred to and expended by the Noosa Junction Association.
4. The Estimated Cost of Implementing the Overall Plan
The levy will raise $90,000 in the 2016/17 financial year. This amount will be insufficient to
implement all the recommendations of the NJCEPS so the Noosa Junction Traders Association will
seek to raise funds from other sources including membership fees.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is by 30 June 2017. It is anticipated that a levy
will be made in future years as the service, facility and activities are on-going programmes.
Page 38
Section 88
Revenue Statement - 2016/17
APPENDIX 5: HASTINGS STREET PRECINCT MAINTENANCE LEVY
OVERALL PLAN
1. Special Rate for the Maintenance of the Hastings Street Precinct
In response to requests from the Hastings Street Association Inc., Council has agreed to provide
additional street maintenance services above the standard level applied throughout the local
government area with the understanding that the increased level of service will be funded by a
special levy as follows:
a) 70% by way of a special rate levied on benefited properties within the Hastings Street
precinct (as delineated on map 5A)
b) 30% by way of a special rate levied on benefited properties in the surrounding areas (as
delineated on map 5B, 5C & 5D)
2. The Rateable Land to Which the Special Rate Applies
Land within the Hastings Street precinct as delineated on map 5A, which will be specially benefited
by the undertaking of additional maintenance works in the Hastings Street precinct.
The rate will also be levied on properties in the surrounding areas as delineated on maps 5B, 5C
and 5D that gain benefit from tourist visitation (i.e. occupiers of properties used for commercial and
industrial purposes, and transitory accommodation). It is noted that properties in the surrounding
areas benefit, albeit to a lesser extent than properties within the area delineated on map 5A, from
the undertaking of additional maintenance works in the Hastings Street precinct given that it is a
primary asset of the tourism industry in Noosa.
Map 5A
Page 39
Section 89
Revenue Statement - 2016/17
Map 5B
Map 5C
Map 5D
Page 40
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Revenue Statement - 2016/17
3. Service, facility or activity
The service, facility or activity is the undertaking of additional maintenance of the Hastings Street
precinct above the standard Council level including but not limited to, fairy light replacement and
maintenance, maintenance of timber seating and bollards, increased street cleaning and sweeping
of car parks, additional park maintenance and an ongoing tree replacement program.
4. The Estimated Cost of Implementing the Overall Plan
The estimated cost of implementing the overall plan is $3,300,000.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is a period of ten (10) years ending 30 June
2024.
It is anticipated that a levy will be made in future years as the works are anticipated to be an on-
going programme.
2016/17 ANNUAL IMPLEMENTATION PLAN
The annual implementation plan for the 2016/17 financial year ending 30 June 2017 is to continue
the maintenance program referred to above.
The estimated cost of works proposed to be undertaken by Council this financial year is $255,000.
Page 41
Section 91
Revenue Statement - 2016/17
APPENDIX 6: NOOSA MAIN BEACH MAINTENANCE LEVY
OVERALL PLAN
1. Special Rate for the Maintenance of the Noosa Heads Main Beach
Following discussion with the Hastings Street Association Inc., Council has agreed to continue the
ongoing restoration and maintenance program for the Noosa Heads Main Beach throughout the
2016/17 financial year. These activities will be funded by a special levy as follows:
a) 70% by way of a special rate levied on benefited properties within the Hastings Street
precinct (as delineated on map 5A)
b) 30% by way of a special rate levied on benefited properties in the surrounding areas (as
delineated on map 5B, 5C & 5D)
2. The Rateable Land to Which the Special Rate Applies
Land within the Hastings Street precinct as delineated on map 5A, which will be specially benefited
by the delivery of an ongoing program of sand replenishment and maintenance at the Noosa
Heads Main Beach.
The rate will also be levied on properties in the surrounding areas as delineated on maps 5B, 5C
and 5D that gain benefit from tourist visitation (i.e. occupiers of properties used for commercial and
industrial purposes, and transitory accommodation). It is noted that properties in the surrounding
areas benefit, albeit to a lesser extent that properties within the area delineated on map 5A, from
the on-going sand replenishment and maintenance works at the Noosa Heads Main Beach as this
beach is a primary asset of the tourism industry in Noosa.
Map 5A
Page 42
Section 92
Revenue Statement - 2016/17
Map 5B
Map 5C
Map 5D
Page 43
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woSection 93
Revenue Statement - 2016/17
3. Service, facility or activity
The service, facility or activity is the undertaking of beach restoration works and maintenance
activities including, but not limited to, sand recycling including infrastructure replacement, beach
cleaning, groyne maintenance and major events beach maintenance.
4. The Estimated Cost of Implementing the Overall Plan
The estimated cost of carrying out the overall plan is $5, 600,000.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is a period of ten (10) years ending 30 June
2024. It is anticipated that a levy will be made in future years as the works are anticipated to be on-
going programmes.
2016/17 ANNUAL IMPLEMENTATION PLAN
The annual implementation plan for the 2016/17 financial year ending 30 June 2017 is to continue
to undertake the restoration and maintenance activities referred to above.
The estimated cost of works proposed to be undertaken by Council this financial year is $540,000.
Page 44
Section 94
Revenue Statement - 2016/17
APPENDIX 7: RURAL FIRE CHARGE
OVERALL PLAN
1. Special Charge for Assistance to Noosa and Surrounds Rural Fire Brigades
Council recognises that it is beyond the fundraising ability of the volunteers that staff the rural fire
brigades within Noosa Shire to raise the funds to meet their operational costs and to acquire and
maintain the necessary equipment to conduct their activities. Therefore, to provide financial
assistance to Noosa Rural Fire Brigade Group and its constituent Rural Fire Brigades, Council has
resolved to make and levy a special charge for the 2016/17 financial year upon all rateable land
within Noosa Shire which will, in the Council’s opinion, specially benefit from the services provided
by the Rural Fire Brigades listed below.
2. The Rateable Land to Which the Special Charges Applies
The special charge for the Rural Fire Charge applies to all rateable land within the Noosa Shire
that falls within the Gazetted Rural Fire Brigade area maps for the following Rural Fire Brigades:
Rural Fire Brigade
Black Mountain
Boreen Point
Cooroibah
Doonan
Federal
Kin Kin
Noosa North Shore
Ridgewood
Teewah
Tinbeerwah
This land specially benefits from the provision of rural fire fighting services because it is not
serviced by urban fire services.
3. Service, facility or activity
The service, facility or activity is the provision of funding for the purchase of equipment and
operational costs and training initiatives required by the Queensland Fire and Rescue Service.
This will enable the Brigades to direct more time toward:
a) prevention of rural fires;
b) education of residents; and
c) training of volunteers.
Page 45
Section 95
Revenue Statement - 2016/17
4. The Estimated Cost of Implementing the Overall Plan
The estimated cost of carrying out the overall plan is $156,000. Council will distribute these funds
to the Noosa Rural Fire Brigade Group in accordance with the following procedures:
1. Following the July and January rate runs the rural fire levy funds collected by the Council
shall be available for payment to the Rural Fire Brigade Group; and
2. To obtain the full amount of the moneys levied by the Council by way of the special charge
each Rural Fire Brigade must submit to Council and the Noosa Rural Fire Brigade Group the
following:
(a) audited statements of expenditure and receipts from the Rural Fire Brigade for the
2015/16 financial year’s operations;
(b) estimates (budget) of the 2016/17 financial year’s operations for the Rural Fire Brigade,
being part of a three year rolling plan;
(c) details of the composition of the Brigade;
(d) minutes of the annual meeting of the Rural Fire Brigade; and
(e) details of outstanding equipment requisitioned from the State Government and the
anticipated time frame (if applicable).
When Council is satisfied that the documentation submitted meets the requirements set out at
section 4.2 of this plan Council will forward all of the funds raised by the special charge to the
Noosa Rural Fire Brigade Group.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is by 30 June 2017. It is anticipated that a levy
will be made in future years as it is anticipated that Council will continue to fund rural fire services.
Page 46
Section 96
Revenue Statement - 2016/17
APPENDIX 8: HASTINGS STREET COMMUNITY SAFETY PROGRAM CHARGE
OVERALL PLAN
1. Special Charge for Hastings Street Security Patrols
In response to requests from the Hastings Street Association Inc. Council has agreed to fund a
safety program for the precinct that includes the provision of security patrols managed by the
association.
2. The Rateable Land to Which the Special Charge Applies
Land, including strata titled units in the Hastings Street precinct, as delineated on the map below.
The land within the delineated area derives a special benefit, to varying extents, from the provision
of regular security patrols within the precinct. The special charge will be levied on all properties
within the defined benefited area, at differential levels according to the degree of benefit to which
the occupier of the land is deemed to derive.
3. Service, facility or activity
The service, facility or activity for which the charge is levied is the provision and operation of a
community safety program in the Hastings Street precinct.
The security patrol program will be administered by the Hastings Street Association Inc. Council
will make bi-annual payments to the Association to fund the security patrol program.
4. The Estimated Cost of Implementing the Overall Plan
The estimated cost of carrying out the overall plan is $153,600.
5. Estimated Time for Implementing the Overall Plan
The estimated time for carrying out the overall plan is by 30 June 2017. It is anticipated that a levy
will be made in future years as it is anticipated that Council will continue to support the safety
program referred to above.
Page 47
Section 97
Revenue Statement - 2016/17
APPENDIX 9: LOWER NOOSA NORTH SHORE ELECTRICITY CHARGE
OVERALL PLAN
1. Special Charge for Provision of Power to Noosa North Shore
Following representations from residents, Council has agreed to fund by loan the design and
construction costs to provide power to specified properties in Area A and B the Lower Noosa North
Shore.
The total cost of design and construction for Area A (the lots around Wygani Drive) was $390,785
excluding GST and the construction work was completed in the 2005/06 financial year.
The total cost of design and construction for Area B (the lots between Papertree Track and Frying
Pan Track) was $371,743 excluding GST, and the construction work was completed in the 2006/07
financial year.
2. The Rateable Land to Which the Special Charge Applies
A special charge will be levied on each surveyed lot delineated on the map below to repay interest
and redemption on the loan. The loan repayments will be spread over a twenty-year period
commencing from the 2004/05 financial year for both areas.
Where property owners within the delineated area have opted to make a one off payment
equivalent to their proportionate share of the interest and loan redemption for the full 20 year
period, as calculated by Council, the levy will not apply.
Council considers that properties in Area A will be specially benefited by the provision of the loan
facility to fund the work and has resolved to levy an annual special charge of one thousand three
hundred and ninety-nine dollars ($1,399.00) equally on each surveyed lot.
In addition to this, Council considers that properties in Area B will be specially benefited by the
provision of the loan facility to fund the work and has resolved to levy an annual special charge of
one thousand nine hundred and ninety-six dollars ($1,996.00) equally on each surveyed lot.
3. Service, facility or activity
The service, facility or activity is the making of payment on a loan facility taken out by Council in
the 2004/05 financial year, which was taken out to fund the design and construction of electricity
services in the Noosa North Shore area.
Page 48
Section 98
Revenue Statement - 2016/17
4. The Estimated Cost of Implementing the Overall Plan
It is estimated that the total cost of implementing the overall plan is $47,138.
5. The Estimated time of Implementing the Overall Plan
The estimated time for carrying out the overall plan is by 30 June 2017.
Page 49
Section 99
Calculation: Net operating result divided by total operating revenue, expressed as a % (excluding capital revenue or expenses).
FINANCIAL STATEMENTS
2016/2017
ORIGINAL BUDGET
Section 100
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result - Total Council Original Forecast
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
$,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Statement of Comprehensive Income
Income
Revenue
Recurrent revenue
Net rates, levies and charges 62,319 63,942 65,936 67,649 69,753 71,707 74,084 76,155 78,916 81,282
Fees and charges 4,358 4,467 4,579 4,694 4,811 4,941 5,074 5,211 5,362 5,518
Rental income 1,238 1,269 1,300 1,333 1,366 1,400 1,435 1,471 1,508 1,546
Interest received 4,153 4,401 4,611 4,779 4,884 5,113 5,230 5,337 5,438 5,522
Sales revenue 7,623 7,813 8,008 8,208 8,413 8,622 8,838 9,058 9,284 9,516
Other income 3,773 3,867 3,964 4,063 4,165 4,269 4,376 4,485 4,597 4,712
Grants, subsidies, contributions and donations 5,541 5,554 5,567 5,580 5,594 5,608 5,623 5,638 5,653 5,669
Total recurrent revenue 89,005 91,313 93,964 96,306 98,986 101,662 104,659 107,356 110,759 113,764
Capital revenue
Grants, subsidies, contributions and donations 6,567 5,337 4,338 6,500 6,500 6,500 6,500 6,500 6,500 6,500
Total revenue 95,571 96,650 98,302 102,806 105,486 108,162 111,159 113,856 117,259 120,264
Capital income
Total capital income - - - - - - - - - -
Total income 95,571 96,650 98,302 102,806 105,486 108,162 111,159 113,856 117,259 120,264
Expenses
Recurrent expenses
Employee benefits 28,474 29,286 30,153 31,018 32,021 33,054 34,119 35,094 36,223 37,385
Materials and services 40,415 41,426 42,461 43,523 44,611 45,816 47,053 48,323 49,724 51,166
Finance costs 2,583 2,495 2,314 2,114 1,892 1,660 1,413 1,153 872 593
Depreciation and amortisation 17,122 17,542 17,860 18,064 18,608 19,303 19,875 20,338 20,886 21,656
Other expenses 86 88 90 92 95 97 100 102 105 107
Total recurrent expenses 88,680 90,837 92,879 94,811 97,226 99,930 102,560 105,011 107,809 110,909
Capital expenses
Total capital expenses 200 205 210 215 221 226 232 237 243 250
Total expenses 88,880 91,042 93,089 95,026 97,446 100,156 102,792 105,248 108,053 111,158
Net result 6,691 5,608 5,214 7,780 8,039 8,006 8,367 8,608 9,206 9,106
Operating result
Recurrent revenue 89,005 91,313 93,964 96,306 98,986 101,662 104,659 107,356 110,759 113,764
Recurrent expenses 88,680 90,837 92,879 94,811 97,226 99,930 102,560 105,011 107,809 110,909
Operating result 325 476 1,086 1,495 1,760 1,732 2,099 2,345 2,950 2,855
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result - Total Council | original | Forecast
Ps PANT: 2019 2020 2021 Wy) 2023 Ply 2025 Ply.
, Emit EMule Exit EMule Exit EMule $,000 EMule $,000 EMule
Statement of Comprehensive Income
Income
Revenue
Recurrent revenue
Net rates, levies and charges 62,319 63,942 65,936 67,649 69,753 71,707 74,084 76,155 78,916 81,282
Fees and charges 4,358 4,467 4,579 4,694 4,811 4,941 5,074 5,211 5,362 5,518
Rental income 1,238 1,269 1,300 1,333 1,366 1,400 1,435 1,471 1,508 1,546
Interest received 4,153 4,401 4,611 4,779 4,884 5,113 5,230 5,337 5,438 5,522
Sales revenue 7,623 7,813 8,008 8,208 8,413 8,622 8,838 9,058 9,284 9,516
Other income 3,773 3,867 3,964 4,063 4,165 4,269 4,376 4,485 4,597 4,712
Grants, subsidies, contributions and donations 5,541 5,554 5,567 5,580 5,594 5,608 5,623 5,638 5,653 5,669
Total recurrent revenue 89,005 91,313 93,964 96,306 98,986 101,662 104,659 107,356 110,759 113,764
Capital revenue
Grants, subsidies, contributions and donations 6,567 5,337 4,338 6,500 6,500 6,500 6,500 6,500 6,500 6,500
Total revenue 95,571 96,650 98,302 102,806 105,486 108,162 111,159 113,856 117,259 120,264
Capital income
Total capital income - - - - - - - - - -
Total income 95,571 96,650 98,302 102,806 105,486 108,162 111,159 113,856 117,259 120,264
Expenses
Recurrent expenses
Employee benefits 28,474 29,286 30,153 31,018 32,021 33,054 34,119 35,094 36,223 37,385
Materials and services 40,415 41,426 42,461 43,523 44,611 45,816 47,053 48,323 49,724 51,166
Finance costs 2,583 2,495 2,314 2,114 1,892 1,660 1,413 1,153 872 593
Depreciation and amortisation 17,122 17,542 17,860 18,064 18,608 19,303 19,875 20,338 20,886 21,656
Other expenses 86 88 90 92 95 97 100 102 105 107
Total recurrent expenses 88,680 90,837 92,879 94,811 97,226 99,930 102,560 105,011 107,809 110,909
Capital expenses
Total capital expenses 200 205 210 215 221 226 232 237 243 250
Total expenses 88,880 91,042 93,089 95,026 97,446 100,156 102,792 105,248 108,053 111,158
Net result 6,691 5,608 5,214 7,780 8,039 8,006 8,367 8,608 9,206 9,106
Operating result
Recurrent revenue 89,005 91,313 93,964 96,306 98,986 101,662 104,659 107,356 110,759 113,764
Recurrent expenses 88,680 90,837 92,879 94,811 97,226 99,930 102,560 105,011 107,809 110,909
Operating result | 325 476 1,086 1,495 1,760 1,732 2,099 2,345 2,950 2,855Section 101
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Waste Holiday
Annual Result - Business Activities Management Parks
2017 2017
Statement of Comprehensive Income $,000 $,000
Income
Revenue
Recurrent revenue
Net rates, levies and charges 11,267 -
Fees and charges 35 26
Sale of Goods and Major Services 2,306 2,897
Internal Sales/Recoveries (*) 481 -
Competitive Neutrality Adjustments 57 -
Other income 153 -
Total revenue 14,299 2,923
Expenses
Recurrent expenses
Employee benefits 736 14
Finance Costs 158 -
Materials and services 8,418 1,315
Depreciation and amortisation 675 137
Internal Expenditure 1,266 219
Competitive Neutrality Adjustments 1,038 489
Other expenses - 1
Total expenses 12,291 2,175
Net result 2,008 748
(*) Internal Sales & Recoveries includes the payment of Community Service Obligations, as follows:
Waste Management ($,000)
Free/subsidised disposal of waste by residents $48
RSPCA holding tank collection $9
Section 102
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result Original Forecast
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Statement of Financial Position $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Assets
Current assets
Cash and cash equivalents 36,053 35,134 32,876 33,010 32,728 32,849 32,848 32,194 30,856 30,941
Trade and other receivables 8,316 8,518 8,763 8,952 9,235 9,477 9,766 9,995 10,356 10,647
Inventories 104 104 104 104 104 104 104 104 104 104
Other current assets 668 679 690 701 713 725 737 749 761 773
Total current assets 45,140 44,435 42,432 42,768 42,780 43,155 43,456 43,043 42,077 42,465
Non-current assets
Investments 114,027 114,027 114,027 114,027 114,027 114,027 114,027 114,027 114,027 114,027
Property, plant & equipment 943,468 970,995 999,885 1,029,346 1,059,112 1,089,246 1,120,137 1,152,197 1,185,640 1,218,935
Other non-current assets 3,278 3,204 2,682 2,148 2,253 1,928 1,610 1,390 1,317 1,160
Total non-current assets 1,060,773 1,088,226 1,116,594 1,145,522 1,175,392 1,205,201 1,235,774 1,267,613 1,300,984 1,334,122
Total assets 1,105,914 1,132,661 1,159,026 1,188,289 1,218,172 1,248,356 1,279,230 1,310,656 1,343,062 1,376,588
Liabilities
Current liabilities
Trade and other payables 4,451 4,565 4,682 4,790 4,931 5,069 5,212 5,339 5,512 5,676
Borrowings 3,079 3,283 3,484 3,706 3,938 4,185 4,445 4,726 4,142 286
Provisions 5,091 5,194 5,324 5,457 5,593 5,733 5,876 6,023 6,174 6,328
Other current liabilities 390 400 410 420 430 441 452 463 475 487
Total current liabilities 13,012 13,442 13,900 14,372 14,892 15,428 15,985 16,551 16,303 12,777
Non-current liabilities
Borrowings 34,363 31,419 27,935 24,229 20,292 16,107 11,662 6,936 2,794 2,508
Provisions 8,411 8,618 8,832 9,051 9,276 9,507 9,744 9,986 10,234 10,489
Total non-current liabilities 42,773 40,037 36,767 33,281 29,568 25,614 21,405 16,922 13,028 12,997
Total liabilities 55,785 53,479 50,667 47,653 44,460 41,042 37,391 33,473 29,331 25,773
Net community assets 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730 1,350,815
Community equity
Asset revaluation surplus 47,397 70,843 94,806 119,303 144,340 169,937 196,094 222,830 250,171 278,150
Retained surplus 1,002,731 1,008,339 1,013,553 1,021,333 1,029,372 1,037,378 1,045,745 1,054,352 1,063,559 1,072,665
Total community equity 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730 1,350,815
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result | Original | recast
2017 Pl: } 2019 2020 2021 yl) 2023 PLZ} 2025 2026
Statement of Financial Position $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Assets
Current assets
Cash and cash equivalents 36,053 35,134 32,876 33,010 32,728 32,849 32,848 32,194 30,856 30,941
Trade and other receivables 8,316 8,518 8,763 8,952 9,235 9,477 9,766 9,995 10,356 10,647
Inventories 104 104 104 104 104 104 104 104 104 104
Other current assets 668 679 690 701 713 725 737 749 761 773
Total current assets 45,140 44,435 42,432 42,768 42,780 43,155 43,456 43,043 42,077 42,465
Non-current assets
Investments 114,027 114,027 114,027 114,027 114,027 114,027 114,027 114,027 114,027 114,027
Property, plant & equipment 943,468 970,995 999,885 1,029,346 1,059,112 1,089,246 1,120,137 1,152,197 1,185,640 1,218,935
Other non-current assets 3,278 3,204 2,682 2,148 2,253 1,928 1,610 1,390 1,317 1,160
Total non-current assets 1,060,773 1,088,226 1,116,594 1,145,522 1,175,392 1,205,201 1,235,774 1,267,613 1,300,984 1,334,122
Total assets 1,105,914 1,132,661 1,159,026 1,188,289 1,218,172 1,248,356 1,279,230 1,310,656 1,343,062 1,376,588
Liabilities Tm
Current liabilities
Trade and other payables 4,451 4,565 4,682 4,790 4,931 5,069 5,212 5,339 5,512 5,676
Borrowings 3,079 3,283 3,484 3,706 3,938 4,185 4,445 4,726 4,142 286
Provisions 5,091 5,194 5,324 5,457 5,593 5,733 5,876 6,023 6,174 6,328
Other current liabilities 390 400 410 420 430 441 452 463 475 487
Total current liabilities 13,012 13,442 13,900 14,372 14,892 15,428 15,985 16,551 16,303 12,777
Non-current liabilities
Borrowings 34,363 31,419 27,935 24,229 20,292 16,107 11,662 6,936 2,794 2,508
Provisions 8,411 8,618 8,832 9,051 9,276 9,507 9,744 9,986 10,234 10,489
Total non-current ibilties _aa773 40057 ~—~=C«C TET ~—~C«GDBT~*«iSSSC*« STAC AOS SS~*~«s ~*~ ~«.OOT
Total liabilities 55,785 53,479 50,667 47,653 44,460 41,042 37,391 33,473 29,331 25,773
Net community assets 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730 1,350,815
Community equity
Asset revaluation surplus 47,397 70,843 94,806 119,303 144,340 169,937 196,094 222,830 250,171 278,150
Retained surplus 1,002,731 1,008,339 1,013,553 1,021,333 1,029,372 1,037,378 1,045,745 1,054,352 1,063,559 1,072,665
Total community equity 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730 1,350,815Section 103
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result Original Forecast
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Statement of Cash Flows $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Cash flows from operating activities
Receipts from customers 74,742 76,671 78,945 81,043 83,397 85,747 88,442 90,949 93,977 96,818
Payments to suppliers and employees (69,235) (70,988) (72,860) (74,795) (76,851) (79,090) (81,387) (83,647) (86,130) (88,743)
Dividend received 3,142 3,220 3,301 3,383 3,468 3,554 3,643 3,734 3,828 3,923
Interest received 4,153 4,401 4,611 4,779 4,884 5,113 5,230 5,337 5,438 5,522
Rental income 1,235 1,266 1,298 1,330 1,363 1,397 1,432 1,469 1,505 1,543
Non-capital grants and contributions 5,530 5,552 5,566 5,580 5,592 5,607 5,622 5,638 5,651 5,667
Borrowing costs (2,176) (2,089) (1,908) (1,707) (1,485) (1,253) (1,007) (746) (465) (187)
Other cash flows from operating activities (11) (11) (11) (11) (12) (12) (12) (12) (12) (12)
Net cash inflow from operating activities 17,379 18,022 18,941 19,603 20,355 21,064 21,964 22,721 23,791 24,532
Cash flows from investing activities
Payments for property, plant and equipment (21,356) (21,175) (22,264) (22,495) (22,791) (23,166) (23,941) (25,141) (26,566) (26,466)
Payments for intangible assets (1,231) (374) - - (650) (350) (350) (300) (350) (350)
Proceeds from sale of property, plant and equipment - - - - - - - - -
Grants, subsidies, contributions and donations 6,567 5,337 4,338 6,500 6,500 6,500 6,500 6,500 6,500 6,500
Other cash flows from investing activities 10 10 10 10 10 11 11 11 12 12
Net cash inflow from investing activities (16,010) (16,202) (17,916) (15,985) (16,931) (17,005) (17,780) (18,930) (20,404) (20,304)
Cash flows from financing activities
Proceeds from borrowings 2,697 340 - - - - - - - -
Repayment of borrowings (2,807) (3,079) (3,283) (3,484) (3,706) (3,938) (4,185) (4,445) (4,726) (4,142)
Net cash inflow from financing activities (110) (2,739) (3,283) (3,484) (3,706) (3,938) (4,185) (4,445) (4,726) (4,142)
Total cash flows
Net increase in cash and cash equivalent held 1,260 (919) (2,258) 134 (282) 121 (1) (654) (1,339) 85
Opening cash and cash equivalents 34,793 36,053 35,134 32,876 33,010 32,728 32,849 32,848 32,194 30,856
Closing cash and cash equivalents 36,053 35,134 32,876 33,010 32,728 32,849 32,848 32,194 30,856 30,941
Section 104
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result Original Forecast
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Statement of Changes in Equity $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Asset revaluation reserve
Opening balance 24,496 47,397 70,843 94,806 119,303 144,340 169,937 196,094 222,830 250,171
Increase in asset revaluation surplus 22,901 23,446 23,963 24,497 25,037 25,596 26,157 26,737 27,341 27,978
Closing balance 47,397 70,843 94,806 119,303 144,340 169,937 196,094 222,830 250,171 278,150
Retained surplus
Opening balance 996,040 1,002,731 1,008,339 1,013,553 1,021,333 1,029,372 1,037,378 1,045,745 1,054,352 1,063,559
Net result 6,691 5,608 5,214 7,780 8,039 8,006 8,367 8,608 9,206 9,106
Closing balance 1,002,731 1,008,339 1,013,553 1,021,333 1,029,372 1,037,378 1,045,745 1,054,352 1,063,559 1,072,665
Total
Opening balance 1,020,536 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730
Net result 6,691 5,608 5,214 7,780 8,039 8,006 8,367 8,608 9,206 9,106
Increase in asset revaluation surplus 22,901 23,446 23,963 24,497 25,037 25,596 26,157 26,737 27,341 27,978
Closing balance 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730 1,350,815
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result POriginal | Frecast,
yA WA 2018 2019 2020 2021 2022 2023 PLZ. 2025 2026
Statement of Changes in Equity $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Asset revaluation reserve
Opening balance 24,496 47,397 70,843 94,806 119,303 144,340 169,937 196,094 222,830 250,171
Increase in asset revaluation surplus 22,901 23,446 23,963 24,497 25,037 25,596 26,157 26,737 27,341 27,978
Closing balance 47,397 70,843 94,806 119,303 144,340 169,937 196,094 222,830 250,171 278,150
Retained surplus
Opening balance 996,040 1,002,731 1,008,339 1,013,553 1,021,333 1,029,372 1,037,378 1,045,745 1,054,352 1,063,559
Net result 6,691 5,608 5,214 7,780 8,039 8,006 8,367 8,608 9,206 9,106
Closing balance 1,002,731 1,008,339 1,013,553 1,021,333 1,029,372 1,037,378 1,045,745 1,054,352 1,063,559 1,072,665
Total S$?
Opening balance 1,020,536 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730
Net result 6,691 5,608 5,214 7,780 8,039 8,006 8,367 8,608 9,206 9,106
Increase in asset revaluation surplus 22,901 23,446 23,963 24,497 25,037 25,596 26,157 26,737 27,341 27,978
Closing balance 1,050,128 1,079,182 1,108,359 1,140,636 1,173,712 1,207,314 1,241,839 1,277,183 1,313,730 1,350,815Section 105
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result Original Forecast
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Financial Sustainability Ratios $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000 $,000
Operating Surplus Ratio 0.4% 0.5% 1.2% 1.6% 1.8% 1.7% 2.0% 2.2% 2.7% 2.5%
Net Financial Liabilities Ratio 12.0% 9.9% 8.8% 5.1% 1.7% -2.1% -5.8% -8.9% -11.5% -14.7%
Asset Sustainability Ratio 95.7% 99.2% 98.4% 98.5% 97.2% 96.5% 97.7% 100.7% 104.5% 100.6%
Operating Surplus Ratio
Measures the extent to which revenues raised cover operational expenses
only or are available for capital funding purposes or other purposes.
Calculation: Net operating result divided by total operating revenue, expressed as a % (excluding capital revenue or expenses).
Target: between 0% and 10%
Net Financial Liabilities Ratio
Measures the extent to which the net financial liabilities of Council can
be repaid from operating revenues.
Calculation: (total liabilities less current assets) divided by
total operating revenue, expressed as a %.
Target: not greater than 60%.
Asset Sustainability Ratio
This ratio reflects the extent to which the infrastructure assets managed by Council
are being replaced as they reach the end of their useful lives.
Calculation: capital expenditure on the replacement of infrastructure assets
(renewals) divided by depreciation expense, expressed as a %.
Target: greater than 90%.
Section 106
Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Rates Rates Variation
Rating Comparison 2015/16 2016/17 $ %
Rate Notice for a Residential Property on the Minimum General Rate
Service
Minimum General Rate $ 1,040.00 $ 1,060.00 $ 20.00 1.9%
240 Litre Waste Refuse / Recycling Bin $ 275.00 $ 275.00 $ - 0.0%
Environment Levy $ 60.00 $ 60.00 $ - 0.0%
Public Transport Levy $ 20.00 $ 20.00 $ - 0.0%
Heritage Levy $ 5.00 $ 10.00 $ 5.00 100.0%
Gross Rates and Charges $ 1,400.00 $ 1,425.00 $ 25.00 1.8%
Discount (5% of General Rates) -$ 52.00 -$ 53.00 -$ 1.00 1.9%
Net Rates and Charges $ 1,348.00 $ 1,372.00 $ 24.00 1.8%
Section 107
General Cost - Recovery Fees and Commercial Charges - For the period 1 July 2016 to 30 June 2017
Product Description Generic Fee Charge Location Section Act Ref Note Ref Total Price
(if applicable) Inclusive GST
ANIMALS
DE sexed dog (including working dog, but excluding a dog up to six months old). Registration Fee 97 (2)(a) LGA 1 $30.50
DE sexed Dog (owned by a pensioner) Registration Fee 97 (2)(a) LGA 1 $0.00
Entire Dog (including working dog, but excluding a dog up to six months old) Registration Fee 97 (2)(a) LGA $142.00
Entire Dog (owned by a pensioner, but excluding a dog up to six months old). Registration Fee 97 (2)(a) LGA $117.00
Entire dog (owned by a member of Canine Control Council - CCC or similar State or National organisation) Registration Fee 97 (2)(a) LGA $68.00
Guide Dog - Hearing Dog - Companion Dog (No Charge) Registration Fee 97 (2)(a) LGA $0.00
Regulated Dangerous/Menacing and Restricted dog -Annual Fee Permit Fee 97 (2)(a) LGA $406.00
Owned dog/cat surrendered for euthanasia Hire Fee 97 (2)(a) LGA $267.00
Puppy under 6 months Registration Fee 97 (2)(a) LGA $0.00
Impounding of Livestock Impound Fee 97 (2)(d) LGA $534.00
Impounding of Livestock 3-6 head Impound Fee 97 (2)(d) LGA $1,068.00
Impounding of Livestock over 6 head Impound Fee 97 (2)(d) LGA $1,601.00
Sustenance Fee - Livestock Only minimum per day for 1-3 head Impound Fee 97 (2)(d) LGA $80.00
Sustenance Fee - Livestock Only Impound Fee 97 (2)(d) LGA $27.50
Sustenance Fee - Companion Animals Impound Fee 97 (2)(d) LGA $41.50
Advertising - Actual Cost - Price on Application Impound Fee 97 (2)(a) LGA POA
Veterinary Care - Livestock/Dogs/ Cats - Actual Cost - Price on Application Impound Fee 97 (2)(d) LGA POA
Application Fee to keep more than prescribed number of animals License Fee 97 (2)(a) LGA $127.00
Impounded animal release fee - first offence for a registered dog or cat Impound Fee 97 (2)(d) LGA $0.00
Impounded animal release fee for unregistered dog or cat; and registered dog or cat on second impounding Impound Fee 97 (2)(d) LGA $235.50
Impounded animal release fee - third offence for a registered dog or cat Impound Fee 97 (2)(d) LGA $341.10
Impounding of poultry / birds (1 poultry/bird) Impound Fee 97 (2)(d) LGA $33.50
Impounding of poultry / birds (2-5 poultry/bird) Impound Fee 97 (2)(d) LGA $111.70
Impounding of poultry / birds (6-10 poultry bird) Impound Fee 97 (2)(d) LGA $166.50
Racing Greyhound (owned by a member of the Greyhound racing club) Registration Fee 97 (2)(a) LGA $68.00
Dog or cat registered with another Local Govt and moving to the Noosa Shire prior to the registration period Registration Fee 97 (2)(a) LGA $0.00
Restricted dog - Initial Registration after being declared Registration Fee 97 (2)(a) LGA $503.50
Review of Regulated Dog Declaration Application Fee 97 (2)(a) LGA $265.00
AQUATIC CENTRE
Adult swim Admission Fees 262 (3)(c) LGA $5.40 *
Concession swim (Under 16 and Senior) Admission Fees 262 (3)(c) LGA $4.60 *
Family swim (on same Medicare card) Admission Fees 262 (3)(c) LGA $17.00 *
Spectator Admission Fees 262 (3)(c) LGA $2.00 *
20 Pass Adult Admission Fees 262 (3)(c) LGA 1 $94.00 *
20 Pass Concession (Under 16 and Senior) Admission Fees 262 (3)(c) LGA 1 $78.20 *
20 Pass Family (on same Medicare card) Admission Fees 262 (3)(c) LGA 1 $230.00 *
3 Monthly Adult Admission Fees 262 (3)(c) LGA $166.00 *
3 Monthly Concession (Under 16 and Senior) Admission Fees 262 (3)(c) LGA $132.00 *
3 Monthly Family (on same Medicare card) Admission Fees 262 (3)(c) LGA $405.00 *
6 Monthly Adult Admission Fees 262 (3)(c) LGA $290.00 *
6 Monthly Concession (Under 16 and Senior) Admission Fees 262 (3)(c) LGA $228.00 *
6 Monthly Family (on same Medicare card) Admission Fees 262 (3)(c) LGA $610.00 *
Annual Adult Admission Fees 262 (3)(c) LGA $487.00 *
Annual Concession (Under 16 and Senior) Admission Fees 262 (3)(c) LGA $390.00 *
Annual Family (on same Medicare card) Admission Fees 262 (3)(c) LGA $999.00 *
School Groups - per child Admission Fees 262 (3)(c) LGA $3.15 *
50m Lane Hire - per hour/lane Hire Fee 262 (3)(c) LGA $26.00 *
25m and under Lane Hire - per hour/lane Hire Fee 262 (3)(c) LGA $18.50 *
Creche Casual Hire Fee 262 (3)(c) LGA $4.10 *
Group Fitness Casual Adult Hire Fee 262 (3)(c) LGA $14.00 *
Page 1
Section 108
Product Description Generic Fee Charge Location Section Act Ref Note Ref Total Price
(if applicable) Inclusive GST
Group Fitness Casual Conc. Hire Fee 262 (3)(c) LGA $12.00 *
Group Fitness 10 Visit Adult Hire Fee 262 (3)(c) LGA $110.00 *
Group Fitness 10 Visit Conc. Hire Fee 262 (3)(c) LGA $88.50 *
Fitness Studio Casual Hire Fee 262 (3)(c) LGA $17.80 *
Fitness Studio 10 Visit Pass Adult Hire Fee 262 (3)(c) LGA $147.00 *
Fitness Studio 10 Visit Pass Concession Hire Fee 262 (3)(c) LGA $117.00 *
Squad Casual Hire Fee 262 (3)(c) LGA $14.00 *
Squad 10 Visit Pass Hire Fee 262 (3)(c) LGA $110.00 *
1st Lesson (per week) Hire Fee 262 (3)(c) LGA $17.50 *
2nd and Subsequent Family Members Hire Fee 262 (3)(c) LGA $15.80 *
COMMUNITY AND PERFORMANCE VENUE
Annexe per hour (Community) Hire Fee Bicentennial Hall 262 (3)(c) LGA 1 $18.50 *
Annexe per hour Hire Fee Bicentennial Hall 262 (3)(c) LGA 1 $55.50 *
Refundable Bond - Community User per event/booking Bond Bicentennial Hall 262 (3)(c) LGA $150.00
Refundable Bond - Regular User per event/booking Bond Bicentennial Hall 262 (3)(c) LGA $150.00
Refundable Bond - Commercial/Private per event/booking Bond Bicentennial Hall 262 (3)(c) LGA $500 to $1,000
Refundable Bond - Community User per hour Bond The J 262 (3)(c) LGA $250.00
Refundable Bond - Regular User per hour Bond The J 262 (3)(c) LGA $400.00
Refundable Bond - Commercial Events per hour Bond The J 262 (3)(c) LGA $1,500.00
Lounge/ Upper Foyer per hour (Community) Hire Fee The J 262 (3)(c) LGA 1 $24.50 *
Deck/Board Meeting Rooms per hour (Community) Hire Fee The J 262 (3)(c) LGA 1 $20.50 *
Theatre per hour (Community) Hire Fee The J 262 (3)(c) LGA 1 $58.50 *
Lounge/ Upper Foyer per hour Hire Fee The J 262 (3)(c) LGA 1 $42.50 *
Deck/Board Meeting Rooms per hour Hire Fee The J 262 (3)(c) LGA 1 $40.50 *
Theatre per hour Hire Fee The J 262 (3)(c) LGA 1 $152.50 *
COMMUNITY LEASING
Annual lease, licence, permit to occupy or management agreement fee - non profit organisation - one (1) unit Licence Fee 97 (2)(a) LGA $267.00 *
Annual lease, licence, permit to occupy or management agreement fee - non profit organisation - with liquor and/or gaming licence Licence Fee 97 (2)(a) LGA POA *
FERRY SERVICE
Coach - Carrying capacity 56-72 passengers including toilet - one way fare Service Fee 262 (3)(c) LGA $42.00 *
Coach XXL - Carrying capacity 73-99 passengers - one way fare Service Fee 262 (3)(c) LGA $42.00 *
Standard Vehicle (to 5.5m) - one way fare Service Fee 262 (3)(c) LGA $7.00 *
Trailers-Caravans attached to car up to 4.75m - one way fare Service Fee 262 (3)(c) LGA $7.00 *
Trailers-Caravans attached to car up to 7.75m - one way fare Service Fee 262 (3)(c) LGA $9.00 *
Tour Bus - Carrying capacity up to 11 passengers - one way fare Service Fee 262 (3)(c) LGA $7.00 *
Tour Bus - Carrying capacity up to 24 passengers - one way fare Service Fee 262 (3)(c) LGA $11.00 *
Coach - Carrying capacity up to 36 passengers - one way fare Service Fee 262 (3)(c) LGA $17.00 *
Coach - Carrying capacity up to 55 passengers - one way fare Service Fee 262 (3)(c) LGA $29.00 *
Coach - Carrying capacity over 56-72 passengers - one way fare Service Fee 262 (3)(c) LGA $37.50 *
Coach with Queensland primary or secondary school children: no charge when no passengers Service Fee 262 (3)(c) LGA $0.00
Motor Bikes - one way fare Service Fee 262 (3)(c) LGA $3.00 *
North Shore Resident/Daily Worker Service Fee 262 (3)(c) LGA $0.50 *
North Shore Ratepayer Non Resident Service Fee 262 (3)(c) LGA $1.00 *
Pedestrian Charge - Return (same day) Service Fee 262 (3)(c) LGA $1.00 *
Professional Fishers (Sunshine Coast Region residents) in season (June-July) and Wormers – one way fare Service Fee 262 (3)(c) LGA $2.50 *
Long Vehicles - over 4.75m to 7.75m - one way fare Service Fee 262 (3)(c) LGA $9.00 *
Long Vehicles - over 7.75m to 9.75m - one way fare Service Fee 262 (3)(c) LGA $11.00 *
Long Vehicles - over 9.75m fee Plus per metre over 9.75m- one way fare Service Fee 262 (3)(c) LGA $1.00 *
North Shore Resort Tour Bus to 6.0m - Bus - one way fare Service Fee 262 (3)(c) LGA $1.00 *
North Shore Resort Tour Bus to 6.0m fee Plus Per Passenger - one way fare Service Fee 262 (3)(c) LGA $1.00 *
Heavy Load – Gross Loaded Weight and Over – charge per tonne – return fare – calculated on tonnage of the heavier load Service Fee 262 (3)(c) LGA $3.50 *
Freight – Gross Loaded Weight less than 25 tonnes – (minimums apply, as per long vehicles above) charge per tonne – return fare – calculated on Service Fee 262 (3)(c) LGA *
tonnage of the heavier load $2.00
Visitor vouchers for North Shore residents (max 100 per year) and ratepayers (max 20 per year) Service Fee 262 (3)(c) LGA $2.00 *
Application fee for concession fare Service Fee 262 (3)(c) LGA $6.00 *
Page 2
The text continues on section 109.