2017-05-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    15 MAY 2017


RECOMMENDATION
That Council note the report by the Director Corporate Services to the General Committee
Meeting dated 15 May 2017 providing the April YTD monthly financial performance report for the
2016/17 financial year.


REPORT
Operating Revenue (YTD Benchmark 83.3% - 10 months)

Council has realised 96% ($86 million) of its operating revenue budget of $90 million as at the
end of April 2017. Commentary on each revenue category is provided below:
   Rates and Levies – $62.4m (100%) of the annual budget of $62.3m has been earned, with
     general rates received for the year above budget by $73k.
   Fees and Charges – Fees and charges earned ($4.7m) totals 96% of the full year budget
     ($4.9m). Development related fees ($180k), change of property ownership fees ($62k) and
     property search fees ($28k), land use permit fees ($39k), infringements ($33k), and parking
     fees ($17k) all currently exceed YTD budget.
   Interest Received – Interest earned of $3.8m totals 86% of the full-year budget ($4.4m),
     with interest on invested funds currently $155k ahead of YTD budget; and interest on rate
     arrears $29k ahead of the YTD budget.
      Dividend and Tax – Dividends and tax equivalent payments from Unitywater are in line with
        YTD budget.
      Other Revenue – Other revenue earned ($9.4m) totals 94% of the full year budget ($10m).
        Holiday park fees ($192k), Noosa Aquatic Centre ($105k), waste landfill fees ($81k), local
        laws CITEC fees ($38k), Noosa Leisure Centre activities ($37k), The J ($36k), sale of
        waste recyclables ($36k), fleet and plant asset sale proceeds ($32k), and lease revenue
        ($28k) are all above YTD budget.
      Grants, Subsidies & Contributions –in line with YTD budget.

Figure 2: Operating Revenue Position by Type (Excluding Rates)
     $10.0
      $9.0
      $8.0                 YTD Budget ($m)

      $7.0                 YTD Actual ($m)
      $6.0
      $5.0
      $4.0
      $3.0
      $2.0
      $1.0
      $0.0
                                                         Other




                                                                   Grants
               Fees




                          Dividend




                                                Tax
                                     Interest




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