2019-06-17 General Committee Meeting Agenda

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Noosa Council                                                                                                ATTACHMENT 1
Statement of Income and Expenditure
For the Year Ended 30 June 2019
As at 31 May 2019
                                                       Current           Current
                                                        Budget           Budget           Actual         Variance         Annual
                                                          2019              YTD              YTD               YTD        Budget
                                                         ($'000)          ($000)           ($'000)          ($'000)          %
Profit and Loss Statement

Revenue
    Recurrent Revenue
    Rates, levies and charges                            65,251            66,470           66,454              (16)       102%
    Fees and charges                                      6,391             5,997            6,757              760        106%
    Dividend income                                       1,600              669               669                 -        42%
    Interest received                                     4,642             4,394            4,610              215         99%
    Tax equivalents                                       1,450             1,450            1,441               (9)        99%
    Sale of Goods and major services                      9,316             8,550            8,914              364         96%
    Sale of contract and recoverable works                   23                 -                3                3         14%
    Rental & lease income                                 1,292             1,209            1,225               16         95%
    Other income                                            924              842             1,124              282        122%
    Grants, subsidies, contributions and donations        4,235             4,187            4,185               (3)        99%
                                                         95,123            93,769           95,382            1,613        100%
Expenses
    Recurrent Expenses
    Employee benefits                                    32,106            28,131           27,737             (394)        86%
    Materials and services                               42,290            35,446           34,590             (856)        82%
    Finance costs                                         2,309             2,109            2,082              (27)        90%
    Depreciation and amortisation                        16,864            17,659           17,672               13        105%
    Other expenses                                          154              147               172               25        112%
                                                         93,723            83,492           82,254           (1,238)        88%
Operating Result                                          1,400            10,277           13,128            2,851

Summary of Capital Revenue and Expenditure

Capital Revenue
    Capital contributions and donations                   4,043             3,599            5,212            1,613        129%
    Grants, subsidies, contributions and donations        3,375             2,513            2,695              182         80%
    Other capital revenue                                      -                -                -                 -
Total Capital Revenue                                     7,419             6,111            7,907            1,796

Capital Expenditure
    Contributed assets                                    2,000             2,000            3,072            1,072        154%
    Constructed assets                                   28,391            24,413           22,697           (1,716)        80%
    Other capital expenses                                     -                -            2,324            2,324
Total Capital Expenditure                                30,391            26,413           28,093            1,680

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