2021-03-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    15 MARCH 2021


    Category        Summary                          Comments
    Fees and        $5.1 million (78%) of the $6.6   •     Development assessment fees $196k
    Charges         million annual budget has              above YTD budget (78% or $1.2 million of
                    been earned                            $1.6 million budget earned) – offset by
                                                           additional    consultancy    and   other
                                                           application processing costs
                                                     •     Building application fees $135k above
                                                           YTD budget (84% or $558k of $667k
                                                           budget earned)
                                                     •     Plumbing application fees $94k above
                                                           YTD budget (76% or $761k of $1.0 million
                                                           budget earned)
    Sale of Goods   $7.4 million (102%) of the       •     Holiday Park sales $1.5 million above
    and Services    $7.3 million budget has been           YTD budget (160% or $2.6 million of $1.6
                    received                               million budget earned) – Parks reopened
                                                           earlier than forecast following COVID-19
                                                           pandemic closures. Positive revenue
                                                           variances that hold through the financial
                                                           year will be offset in part by additional
                                                           variable operating costs
                                                     •     Community Facilities (NAC, NLC and The
                                                           J) $871k above YTD budget (110% or
                                                           $1.6 million of $1.45 million budget
                                                           earned) – Facilities reopened earlier than
                                                           forecast following COVID-19 pandemic
                                                           closures. Positive revenue variances that
                                                           hold through the financial year will be
                                                           offset in part by additional variable
                                                           operating costs
                                                     •     Waste management disposal fees and
                                                           sale of recoverable materials $401k
                                                           above YTD budget (76% or $3.0 million of
                                                           $4.0 million budget earned)
    Interest        $481k (55%) of the $870k         •     Interest revenues on cash invested will
    Received        annual budget has been                 need ongoing monitoring given further
                    earned                                 recent interest rate cuts and impacts on
                                                           term deposit / cash fund rates
    Unitywater      On track                         Nil
    Dividend and
    Tax
    Other Revenue   $1.6 million (82%) of the $2.0   •     Recoupment of Unitywater charges from
                    million budget has been                lessees $97k above YTD budget - offset
                    earned                                 by additional utility charge expenses
                                                     •     Commercial lease revenue $134k above
                                                           YTD budget (84% or $772k of $919k
                                                           budget earned)
    Operating       $3.6 million (59%) of the $6.1   •     50% ($1.2 million) of the financial
    Grants,         million budget has been                assistance grant was prepaid in May
    Subsidies       received                               2020 and may impact on Council’s
                                                           2020/21 final operating position if the
                                                           prepayment approach is discontinued by
                                                           the Australian government
                                                     •     All operating grants are in line with budget
                                                           expectations at this stage
    Unitywater      On track                         •     Unitywater distributions are fixed each
    Distributions                                          year so there is little budget variance risk


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