2016-08-09 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                        9 AUGUST 2016




Expenditure Summary
Employee Benefits                       640,791         640,791          622,841      97.2%            17,950
Materials & Services                  8,146,011       8,146,011        7,188,147      88.2%           957,864
Finance Costs                           228,495         228,495          228,474     100.0%                 21
Other Expenses                              865             865              289      33.4%                576
Depreciation & Amortization             547,139         547,139          547,139     100.0%                   0
Internal Charges                      1,119,584       1,119,584        1,123,273     100.3%            (3,689)
Competitive Neutrality                  600,116         600,116          600,116     100.0%                 (0)
Total                                11,283,003      11,283,003       10,310,280                      972,722




                                    Waste Management
16,000,000

14,000,000

12,000,000

10,000,000

 8,000,000

 6,000,000

 4,000,000

 2,000,000

         0
                    Total Revenue                 Total Expenditure                Operating Result
                                    2015/16                           2015/16
                                    YTD                               YTD
                                    Budget                            Actuals


Budget Commentary

The budget for the 2015-16 financial year indicates that revenue was above estimates and
expenditure was significantly below estimates. WMS had an annual operating surplus of
$3,801,850 which was $1,460,477 better than predicted.

The higher than expected revenue was attributed to a number of variables including:
   A higher than predicted volume of waste brought to waste facilities.
   A higher level of green waste sold than predicted.
   Royalties generated from methane gas extraction.
   More revenue generated from sale of recyclables than predicted.

The lower than predicted expenditure was attributed to a number of variables including:
    Resolution of contract overpayments that occurred in error due to changes in service as
      Noosa Council re-formed in 2014.



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