10 Financial Performance Report - Apr 2025

GENERAL COMMITTEE MEETING                                                                   12 MAY 2025



Figure 3: Operating Expenditure Position by Type




Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Tourism and economic development activity is funded through the general rates
revenue. Expenditure at 30 April 2025 is outlined below:
 Expenditure                                             YTD Budget        YTD Actual          Variance
                                                              $’000             $’000             $’000
 Tourism Noosa Funding Agreement                             $2,520.0          $2,520.0               -
 Economic Development                                          $923.9              $901.1         $22.8
 Total                                                       $3,443.9          $3,421.1           $22.8

All instalments payable under the Tourism Noosa agreement for the 2024-25 financial year have
been made. The Tourism Noosa agreement is due for renewal in June 2025.

   •     Employee Costs are $26.5k below budget (78.7% or $515.4k of $654.6k annual budget
         spent)
   •     Materials & Services are in line with budget at this stage of the year.

Capital Revenue
Year to date Capital revenue of $56.4 million received comprises cash contributions from
developers ($1.2 million) and capital grants ($53.4 million). Note that the timing of capital grant
receipts are generally dependent on the timing of grant conditions and also capital delivery
performance, and that the timing of the receipt of developer contributions (both cash and
contributed) is unpredictable.
Grants and subsidies are higher than prior years due to the receipt of funding from the
Queensland Reconstruction Authority for reconstruction works relating to the Black Mountain
landslip and several other flood impacted sites, which are currently under construction.
Figure 6: Capital Revenue by Type