2020-07-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                   13 JULY 2020


Category         Summary                      Comments
                                               Lease management of commercial and
                                                 community properties $380k below annual
                                                 budget (82% or $1.8 million of $2.1 million
                                                 budget spent) – maintenance projects at
                                                 Tinbeerwah Hall and Wallace House projects
                                                 delayed due to emerging asset condition issues
                                               Libraries and Galleries $401k below annual
                                                 budget (78% or $1.5 million of $1.9 million
                                                 budget spent) – cost savings from closure due
                                                 to COVID-19 pandemic
                                               Fleet operations $378k below annual budget
                                                 (76% or $1.2 million of $1.6 million budget
                                                 spent) – delays in new fleet purchases and
                                                 lower than forecast fuel prices during COVID-19
                                                 pandemic
                                               Community Facilities (NAC, NLC and The J)
                                                 $268k below annual budget (82% or $1.2 million
                                                 of $1.5 million budget spent) – cost savings from
                                                 closure due to COVID-19 pandemic (offset by
                                                 lower revenue)
                                               Canals and Waterways $114k below annual
                                                 budget (31% or $52k of $166k budget spent) –
                                                 timing of contracted canal dredging works
                                               Election costs $98k below annual budget (74%
                                                 or $281k of $379k budget spent) – contribution
                                                 to Electoral Commission Queensland for local
                                                 government election lower than budgeted
                                               Disaster Management $100k above annual
                                                 budget (419% or $100k of $27k budget spent) –
                                                 traffic control and other contract costs
                                                 associated with fire events. QRA grant claim to
                                                 partially recover costs.
                                               Development application costs $276k above
                                                 annual budget (377% or $377k of $100k budget
                                                 spent)
                                               Development assessment legal appeals costs
                                                 $366k above annual budget (137% or $1.4
                                                 million of $1.0 million budget spent)
Finance Costs    $4.7 million (307%) of the      Landfill restoration provision $3.1 million above
                 $1.5 million annual budget       budget. Annual accounting adjustment to the
                 has been expended.               discount rate applied to the provision for future
                                                  restoration costs– due to COVID-19 market
                                                  factors and decline in bond rates
Depreciation     On track                        Will be updated for the final 2019/20 position
Other Expenses   On track                        Nil




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