FINANCIAL PERFORMANCE REPORT – JUL 2024 · Attachment 1 Statement of Income and Expenditure - July 2024

Attachment 1 - Statement of Income and Expenditure

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
As at 31 July 2024
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance    Annual
                                                              2025        YTD       YTD         YTD    Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)     %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                94,398     48,543    48,514         (30)    51%
   Fees and charges                                         10,936      1,824     1,905           81    17%
   Interest received                                         3,150        396       438           42    14%
   Sale of Goods and major services                         15,602      1,140     1,450         310     9%
   Sale of contract and recoverable works                       31          -         -            -    0%
   Rental & lease income                                     2,273        148       110         (38)     5%
   Other income                                              1,001         53        79           26    8%
   Grants, subsidies, contributions and donations            5,464      1,485     1,610          125    29%
   Unitywater Distributions                                  5,950        158         -        (158)     0%
                                                           138,804     53,746    54,104          358    39%
Expenses
   Recurrent Expenses
   Employee benefits                                        52,482      3,998     3,915          83     7%
   Materials and services                                   60,990      6,263     6,076         187     10%
   Finance costs                                             3,032        236       194          42     6%
   Depreciation                                             21,936      1,828     1,828           -     8%
   Other expenses                                              246          8        (5)         12     -2%
                                                           138,686     12,332    12,007         324      9%

Operating Result                                               118     41,415    42,097         682

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429        359       359            -    25%
   Contributed assets                                        1,500          -         -            -    0%
   Capital grants and subsidies                             14,525        569     1,594        1,025    11%
   Cash / revenue                                           24,292      1,595     1,168        (427)    5%
   New loan borrowings                                       5,000          -         -            -    0%
   Other capital revenue                                         -          -        18           18    0%
Total Capital Funding                                       46,746      2,523     3,139          616

Capital Expenditure
   Contributed assets                                        1,500          -         -           -     0%
   Capital works - constructed assets                       36,077      2,217     2,805         588     8%
   Capital works - other capital                             7,928        307       316          10     4%
   Loan redemption                                           1,241          -         -           -     0%
   Other capital expenses                                        -          -        18          18     0%
Total Capital Expenditure                                   46,746      2,523     3,139         616