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2022-08-15 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 15 AUGUST 2022
Category Summary Comments
Finance Costs On track Nil
Depreciation On track Nil
Other Expenses On track Nil
Figure 3: Operating Expenditure Position by Type
$4.5
$3.8 YTD Budget ($m)
$4.0 $3.7
YTD Actual ($m)
$3.5
$3.1
$3.0
$3.0
$2.5
$2.0 $1.6 $1.6
$1.5
$1.0
$0.5 $0.1 $0.1 $0.0 $0.0
$0.0
Materials
Finance Costs
Depreciation
Employees
Other
Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Expenditure at 31 July 2022 is outlined below:
Expenditure Annual Budget YTD Budget YTD Actual YTD Variance
$m $m $m
Payment to Tourism Noosa $2.65 $- $- -
Economic Development $1.19 $0.08 $0.13 ($0.05)
Total $3.83 $0.08 $0.13 ($0.05)
No instalments payable under the Tourism Noosa agreement for the 2022-23 financial year have
been made. Work on the renewal of the current agreement, which was extended for 12 months to
30th June 2023 will commence in the coming months.
Economic Development expenditure is above budget due to the timing of the budget profiling for
the delivery of Destination Management Plan, this variance will resolve over time as the budget
aligns with actual expenditure.
Tourism and economic development activity is funded through the general rate, with 5.8% of the
annual general rate committed towards tourism and economic development. Should actual general
rate revenue fall below budget, this does not impact Council’s contractual commitment to fully fund
all tourism and economic development activity. Any general rate revenue shortfall is funded
through other general revenue sources to ensure all planned activities are undertaken in full.
Capital Revenue
YTD capital revenue of $0.7 million received comprises cash contributions from developers ($51k)
and capital grants ($645k). Note that the timing of capital grant receipts are generally dependent
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