Meeting papers

Attachment 1 - Statement of Income and Expenditure

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2024
As at 31 July 2023
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance      Annual
                                                              2023        YTD       YTD         YTD      Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)       %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                89,287     45,939    45,820        (119)       51%
   Fees and charges                                         11,363      1,860     1,867            7       16%
   Interest received                                         2,820        341       477          137       17%
   Sale of Goods and major services                         13,904      1,063     1,203          140        9%
   Sale of contract and recoverable works                       23          -         0            0        0%
   Rental & lease income                                     1,733        144       148            4        9%
   Other income                                              1,129         71       101          30         9%
   Grants, subsidies, contributions and donations            6,225      1,345     1,344          (1)       22%
   Unitywater Distributions                                  5,950        158       158            -        3%
                                                           132,434     50,921    51,118         197        39%
Expenses
   Recurrent Expenses
   Employee benefits                                        49,423      3,531     3,269         262         7%
   Materials and services                                   59,941      5,950     5,807         143        10%
   Finance costs                                             1,401        105        99            6        7%
   Depreciation                                             21,294      1,774     1,774            -        8%
   Other expenses                                              255          7        14          (7)        5%
                                                           132,313     11,368    10,963         404         8%

Operating Result                                               121     39,553    40,155         602

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,584         51        41         (10)        3%
   Contributed assets                                        1,500          -         -            -        0%
   Capital grants and subsidies                              8,696         40        40            -        0%
   Cash / revenue                                           23,378      3,094     2,334        (759)       10%
   New loan borrowings                                       5,759          -         -            -        0%
   Other capital revenue                                         -          -        18           18        0%
Total Capital Funding                                       40,918      3,184     2,433        (751)

Capital Expenditure
   Contributed assets                                        1,500          -         -            -        0%
   Capital works - constructed assets                       32,594      2,716     2,225        (491)        7%
   Capital works - other capital                             5,614        468       190        (278)        3%
   Loan redemption                                           1,210          -         -            -        0%
   Other capital expenses                                        -          -        18           18        0%
Total Capital Expenditure                                   40,918      3,184     2,433        (751)




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