01 Financial Performance Report - Jul 2023

GENERAL COMMITTEE MEETING                                                          14 AUGUST 2023




Figure 2: Operating Revenue Position by Type (Excluding Rates)




Operating Expenditure (YTD Benchmark 8.3%)
Actual operating expenditure is currently 8.3% ($10.9 million) of full year budget ($132.3 million).
Detailed commentary for each expenditure category is provided below.

 Category             Summary                       Comments
 Employee Costs       $3.3 million (6.6%) of the        •   Expenditure for permanent staff salaries
                      annual budget of $49.4                and wages underspent ($489.7k) due to
                      million has been expended             position vacancies, partially offset by
                                                            additional spend on casual staff and
                                                            external labour hire ($225.0k).
                                                        •   Training costs $3.1k over full year budget
                                                            (3.1% or $11.7k of $8.6k annual budget
                                                            spent)
 Materials and        $5.8 million (9.7%) of the        •   Governance $71.6k above budget
 Services             $59.9 million annual budget           (96.21% or $872.3k of $906.6k annual
                      has been expended.                    budget spent) due to higher than forecast
                                                            insurance premiums.
                                                        •   Civil Operations $66.6k above budget
                                                            (6.5% or $872.3k of $9.4 million annual
                                                            budget spent)
                                                        •   Community Facilities $63.0k below budget
                                                            (4.7% or $119.2k of $2.5 million annual
                                                            budget spent)
                                                        •   Environmental Services $57.7k below
                                                            budget (11.1% or $359.1k of $3.2 million
                                                            annual budget spent)
                                                        •   Waste Management $21.4k below budget
                                                            (6.4% or $950.5k of $14.8 million annual
                                                            budget spent)
                                                        •   Council Building and Facilities $25.5k
                                                            below budget (3.2% or $36.2k of $1.1
                                                            million annual budget spent)
 Finance Costs        Currently on track                •   Whilst existing loan borrowings are set
                                                            with fixed interest rates, any further RBA