2019-02-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                            18 FEBRUARY 2019


Category              Summary                           Comments
                                                         Lease revenue for telecommunication towers $21k
                                                           above YTD budget (119%or $129k of $108k budget
                                                           earned)
                                                         Lease revenue for Sunshine Beach Shops $71k
                                                           below YTD budget (54% or $513k of $947k budget
                                                           earned). Two vacancies currently being negotiated.
Operating             $3.0 million (56%) of the $5.3         Operating grants are in line with budget
Grants,               million budget has been                  expectations at this stage.
Subsidies             received                               50% or $1 million of the financial assistance grant
                                                               was prepaid in June 2018 and may impact on
                                                               Council’s 2018/19 final operating position (if the
                                                               prepayment approach is discontinued by the
                                                               Australian government).

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

  $6.0
                                                                   YTD Budget ($m)

  $5.0                                                             YTD Actual ($m)


  $4.0

  $3.0

  $2.0

  $1.0

  $0.0
                                                                    Income
            Charges




                                                                                 Other




                                                                                            Grants
                                                    Goods &
                            Dividend




                                                    Services
                                                    Sales of




                                                                     Rental
                                         Interest
            Fees &




                             & Tax




Operating Expenditure (YTD Benchmark 58.3%)

Actual operating expenditure is currently 54% ($52.1 million) of full year budget ($96.0 million).
Detailed commentary for each expenditure category is provided below.

Category              Summary                           Comments
Employee              $17.6 million (54%) of the             Under expenditure for permanent staff salaries and
Costs                 annual budget of $32.3                   wages ($1.4 million) partially offset by additional
                      million has been expended                spend on sick leave ($288k), casual staff, external
                                                               labour hire ($543k), allowances, overtime and
                                                               penalty rates ($102k).
                                                             Staff training underspend of $64k YTD (noting that
                                                               a further $62k is committed to suppliers for future
                                                               training)
Materials and         $21.8 million (52%) of the             Waste management contract services $231k below
Services              $41.8 million annual budget              budget (55% or $1.7m of $3.2m budget spent)
                      has been expended.                     Community Development grants $183k below
                                                               budget due to timing of grant allocations (72% or
                                                               $711k of $982k budget spent)


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