Annual Report 2015-16

Financial Statements 2016

 Noosa Shire Council

 Notes to the Financial Statements
 for the year ended 30 June 2016
 Note 18. Commitments for Expenditure

                                                                                          2016          2015
                                                                                         $'000         $'000

 (a) Capital Commitments (exclusive of GST)

 Capital expenditure committed for at the reporting date but not recognised in
 the financial statements as liabilities:

 Property, Plant and Equipment
 Roads, Bridges and Stormwater                                                           1,919         6,395
 Pathways                                                                                 674           218
Other                                                                                    1,295         1,446
 Total Commitments                                                                      3,888         8,059

 These expenditures are payable as follows:
 Within the next year                                                                   3,888          8,059
 Later than one year and not later than 5 years                                              -             -
 Later than 5 years                                                                          -             -
 Total Payable                                                                          3,888         8,059

 (b) Operating leases (Non Cancellable)

 a. Minimum lease payments in relation to non-cancellable operating
    leases are as follows:
 Within one year                                                                          101           331
 One to five years                                                                         56            34
 Later than five years                                                                       -             -
                                                                                          157           365

 b. Non Cancellable Operating Leases include the following assets:
 Motor Vehicles and IT Equipment.
 Lease payments are generally fixed, but with inflation clauses on which future
 rentals are determined.

 (c) Contractual commitments

 Contractual commitments at end of financial year but not recognised in the
 financial statements are as follows:
 Within one year                                                                       14,204        13,496
 One to five years                                                                      5,727        13,193
 Later than five years                                                                       -             -
                                                                                      19,931        26,689

                                                                                                 page 32