2014-11-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                   17 NOVEMBER 2014


           Rates – generally as per original forecasts.
           Fees and Charges – development related activity and search fees remain ahead of
             forecasts, but this is offset by lags in some other Council areas which was analysed as part
             of the September quarterly budget review (see comments above).
           Interest Received – remains ahead of forecasts due to higher levels of cash available for
             investment (i.e. particularly the timing of capital works program delivery).
           Grants and Subsidies – variances have been addressed as part of the September quarter
             budget review.
           Other Revenue – generally in accordance with budget predictions, with sale of recyclables
             from waste facilities showing favourable variances.

3.           Operating Expenses

Operating expenditure is generally below forecast levels and shows an accumulated favourable
variance of $1.5m.

             12,000                                                      120,000

             10,000                                                      100,000

              8,000                                                      80,000
     $,000




              6,000                                                      60,000

              4,000                                                      40,000

              2,000                                                      20,000

                 0                                                       0
                      Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

                Budget     Actual     Accum Budget (RHS)    Accum Actual (RHS)


Detailed commentary for significant items appears below:

           Employee Costs – YTD actuals are less than budgeted, with a number of items addressed
             as part of the September quarterly budget review.
           Materials and Services – contract services are generally behind budgeted levels, and whilst
             some items have been addressed as part of the budget review, there are other areas
             where the first 4 months are not considered indicative and which will continue to be
             monitored for possible review with the December quarter review.
           Finance Costs – generally in accordance with budget.
           Other Expenses – generally in accordance with budget.

4.           Capital Works Program

Year to date capital expenditure is $2.2 million against a revised budget of $1.8 million. It should
be noted that the program has been adjusted to accommodate changes proposed in the
September quarter budget review and to reflect the revised expenditure profile presented by
program managers.




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