2019-08-12 General Committee Agenda

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Noosa Council                                                                                              ATTACHMENT 1
Statement of Income and Expenditure
For the Year Ended 30 June 2020
As at 31 July 2019
                                                       Current           Current
                                                        Budget           Budget           Actual         Variance        Annual
                                                          2020              YTD              YTD               YTD        Budget
                                                        ($'000)           ($'000)          ($000)           ($'000)         %
Profit and Loss Statement

Revenue
    Recurrent Revenue
    Rates, levies and charges                            67,992            34,893           35,442              549        52%
    Fees and charges                                      6,652             1,245            1,357              111        20%
    Dividend income                                        1,600                -                -                -         0%
    Interest received                                     4,010               84               107               23         3%
    Tax equivalents                                        1,450                -                -                -         0%
    Sale of Goods and major services                      9,623              597              656                59         1%
    Sale of contract and recoverable works                   23                 -                0                0         0%
    Rental & lease income                                  1,296             129               135                7        10%
    Other income                                            880               56                78               22         9%
    Grants, subsidies, contributions and donations        5,130              731              815                84        16%
                                                         98,656            37,736           38,590              854        39%
Expenses
    Recurrent Expenses
    Employee benefits                                    33,863             2,563            2,439            (125)         7%
    Materials and services                               44,228             4,780            4,434            (346)        10%
    Finance costs                                          1,528             127               128                0         8%
    Depreciation and amortisation                        18,713             1,559            1,559                -         8%
    Other expenses                                          188               44                34              (10)       18%
                                                         98,520             9,074            8,593            (481)         9%

Operating Result                                            136           28,662            29,996            1,334

Summary of Capital Revenue and Expenditure

Capital Revenue
    Capital contributions and donations                   4,104                 -              131              131         3%
    Grants, subsidies, contributions and donations        4,408              180              850               670        19%
    Other capital revenue                                      -                -                -                -         0%
Total Capital Revenue                                     8,512              180              981               801

Capital Expenditure
    Contributed assets                                    2,000                 -                -                -         0%
    Constructed assets                                   28,399             1,287             567             (720)         2%
    Other capital expenses                                     -                -                6                6         0%
Total Capital Expenditure                                30,399             1,287             574             (713)

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