Financial Performance Report - October 2025

Brian Stockwell69:01

Okay I put the motion. Those in favour? That's unanimous. We can now invite Councillor Wilson back into the meeting if she's still awake. Um, just while we're getting, are any Councillors intending to seek information regarding to the next item or are they likely just to support the recommendation as proposed? I would love to put it into confidential, please. So I'm going to move, um, the next item. It's on the screen. Okay. Thank so I'll move as the Chair to move item two, Planning & Environment Court appeal number D92 of 2025 to the last item on today's agenda. No, we'll move to the last item on the agenda and then we'll do with that. Sorry. I was-- it doesn't, I don't think it has to be a motion. So we move on to the next item. Thank you, get to wait around. And we have the Financial Performance Report for October 25 and we have the Director of finance and the Acting Manager of Finance. So, manager Zach, I presume you're going to do the overview for us? I am,

Thank you, Through the Chair. I'll take the report as read. So October provides us with four months of actual data for the financial year, or one third of the total financial year. Again, thank you for providing us so great evidence base for full year predictions. There's been no substantial change to the update provided in September. We are tracking ahead both in revenue in terms of operating position and again with a working eye across our capital works as noted in the financial report itself, we are tracking ahead of NIF surplus by 21.16% and operating result is 8.78% actual against budget. A couple of detailed comments just related to the report itself. Councillor Wilson had raised a question relating to the tourism and economic development investment summary on the bottom of page four. There's a $66,000 variance to the Tourism Noosa funding agreement line item. Just to simply note that is a timing issue based on the underlying modelling itself. It isn't actually a variance of the actual funding. So that will be corrected over the next couple of months. In regards to the capital expenditure and work. WIP, my comments from the previous financial report was stand. Again, there is lower than expected capital works today, but we would expect to see the upward hockey stick analogy swing of capital works over the period of the year. As a working note, we will look through budget review which is scheduled for early in the new year to look at the capital works program and whether in fact it needs to be recast or where the actuals are at that point in time. We did take on board a query from Council. From Councillor Finzel in the previous round around the WIP. We will bring that back to a monthly report following the conclusion of our financial statements this year. We were in a better informed position to provide that plus the detail that was requested then. You. And then one further note as part of the cash management and investment performance itself, historically there have been questions from Councillors around our cash position, so noting that the Acting Director Corporate Services in the previous meeting noted we will do an external review of our cash position which again will be built into the future budget workshops that will be presented to you earlier in the year that looks at our cash management and reserves and ultimately how that is tied to our capital position as well. Happy to questions. Take