2019-03-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                 18 MARCH 2019


 Category             Summary                              Comments
                                                            Lease revenue for Sunrise Beach Shops $85k
                                                              below YTD budget (61% or $578k of $946k budget
                                                              earned). Two vacancies currently being negotiated.
 Operating            $3.2 million (62%) 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)

 $7.0
                                                                         YTD Budget ($m)
                                                                         YTD Actual ($m)
 $6.0

 $5.0

 $4.0

 $3.0

 $2.0

 $1.0

 $0.0
            Charges




                                                                             Other
                                                               Income




                                                                                      Grants
                                                Goods &
                         Dividend




                                                Services
                                                Sales of




                                                                Rental
                                     Interest
            Fees &




                          & Tax




Operating Expenditure (YTD Benchmark 67%)

Actual operating expenditure is currently 63% ($60.5 million) of full year budget ($96.0 million).
Detailed commentary for each expenditure category is provided below.

 Category             Summary                              Comments
 Employee             $20.2 million (62%) of the              Under expenditure for permanent staff salaries and
 Costs                annual budget of $32.3                   wages ($1.6 million) partially offset by casual staff,
                      million has been expended                external labour hire ($635k), sick / other leave
                                                               ($461k), allowances, overtime and penalty rates
                                                               ($119k).
                                                              Staff training underspend of $63k YTD (noting that
                                                               a further $81k is committed to suppliers for future
                                                               training)
 Materials and        $25.8 million (62%) of the              Maintenance of Council leased properties $197k
 Services             $41.8 million annual budget              below YTD budget (55% or $1.1 million of $2.1
                      has been expended.                       million budget spent) – relating to the timing of
                                                               community building refurbishment works
                                                              Waste management contract services $132k below
                                                               YTD budget (65% or $5.1m of $7.9m budget spent)
                                                               – waste collection




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