09 Financial Performance Report - Mar 2025

GENERAL COMMITTEE MEETING                                                              14 APRIL 2025



RECOMMENDATION
That Council note the report by the Financial Services Manager to the General Committee
Meeting dated 14 April 2025 outlining the March 2025 year to date financial performance against
budget, including changes to the financial performance report with the inclusion of key financial
sustainability indicators.

REPORT


Operating Revenue (YTD Benchmark 75.0%)
Council has received 92.6% ($130.9 million) of its operating revenue budget ($141.3 million).
Commentary on each revenue category is provided below.

 Category           Summary                   Comments
 Rates and          $94.1 million (99.8%)        •   Waste utility charges $83.1k above YTD budget
 Levies             of the annual budget of          (100.1% or $17.1 million of $17.0 million annual
                    $94.3 million has been           budget earned)
                    earned                       •   General rate (net of discounts) $196.6k below
                                                     YTD budget (99.6% or $70.9 million of $71.2
                                                     million annual budget earned)

 Fees and           $7.9 million (72.8%) of      •   Waste $64.8k above budget (187.5% or $106.8k
 Charges            the annual budget of             of $56.9k annual budget earned)
                    $10.9 million has been       •   Building & Plumbing Compliance $50.9k above
                    earned                           budget (74.9% or $1.9 million of $2.6 million
                                                     annual budget earned)
                                                 •   Cemeteries $36.1k above budget (85.3% or
                                                     $298.4k of $349.8k annual budget earned)
                                                 •   Noosa Seniors $31.9k above budget (83.7% or
                                                     $305.8k of $365.1k annual budget earned)
                                                 •   Development Assessment $478.8k below
                                                     budget (66.0% or $2.3 million of $3.6 million
                                                     annual budget earned)
                                                 •   Local Laws $72.4k below budget (71.0% or $1.5
                                                     million of $2.1 million annual budget earned)

 Sale of Goods      $12.6 million (78.9%)        •   Sports facility revenue $179.9k above budget
 and Services       of the annual budget of          (85.9% or $2.5 million of $2.9 million annual
                    $15.9 million has been           budget earned)
                    earned                       •   Holiday Park revenue $44.8k above budget
                                                     (79.4% or $3.4 million of $4.3 million annual
                                                     budget earned). Any revenue upside will be
                                                     generally offset by a corresponding increase in
                                                     associated operating costs. Note: Holiday parks
                                                     were closed for several days during Tropical
                                                     Cyclone Alfred which has impacted revenue
                                                     during March 2025.

 Interest           $4.9 million (133.8%)        •   Interest revenues have continued to track above
 Received           of the $3.7 million              budget with investment in higher yielding term
                    annual budget has                deposits maximising the return on surplus cash
                    been earned                      holdings. Cash holdings remain high due to the
                                                     advanced payment of grants & subsidies,