2017-05-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  15 MAY 2017


Operating Expenditure (YTD Benchmark 83.3% - 10 months)

Actual operating expenditure is currently 78% of full year budget. Detailed commentary for each
expenditure category appears below:
 Employee Costs – Actuals of $22.8m against the YTD budget of $23.1m (variance of $220k)
   equates to 79% of full year budget spend. This is primarily represented by a YTD under-
   expenditure of the training allocation ($150k) and additional allocation of employee costs to
   capital projects.
 Materials and Services – $30m (73% of the full year budget) has been expended compared
   to the YTD budget of $31.3m (variance of $1.3m). Year to date variances primarily relate to
   contract services budgets, specifically under expenditure in electricity costs ($155k); waste
   collection ($156k); ICT ($185k); works operations ($73k), cemeteries ($55k), fleet & plant
   operations ($49k); and library services ($81k) all behind YTD budget.
 Finance Costs – bank merchant fees ($15k) and interest on loans ($90k) are currently behind
   YTD budget.
 Depreciation Expense – in line with YTD budget.
 Other Expenses – in line with YTD budget.

Figure 3: Operating Expenditure Position by Type
 $35

 $30
                                      YTD Budget ($m)
 $25
                                      YTD Actual ($m)
 $20

 $15

 $10

   $5

   $0
                         Materials




                                      Finance Costs




                                                      Depreciation
            Employees




                                                                     Other




Capital Revenue

YTD capital revenue of $8.3m received includes $2.7m of cash contributions from developers,
contributed assets of $3.9m (new infrastructure assets provided as a condition of development),
together with $1.6m received as grant funding towards capital projects, including $200k (TIDS);
$153k (Natural Disaster Relief and Recovery); $303k (Rufous Street Project); $75k (Natural
Disaster Resilience Program – Flood studies and flood gauges); $275k (Bus Shelter Disability
Upgrade program); $288k (Cycle Network Program); and $11k Road Safety Grant.




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