2018-08-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                        13 AUGUST 2018


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

 $1.4
                                                                             YTD Budget ($m)
 $1.2
                                                                             YTD Actual ($m)
 $1.0

 $0.8

 $0.6

 $0.4

 $0.2

 $0.0




                                                                   Income




                                                                                   Other
           Charges




                                                                                               Grants
                                                Goods &
                        Dividend




                                                Services
                                                Sales of




                                                                    Rental
                                     Interest
           Fees &




                         & Tax




Operating Expenditure (YTD Benchmark 8.3%)

Actual operating expenditure is currently 7% ($7.1 million) of full year budget ($95.5 million).
Detailed commentary for each expenditure category is provided below.

Category             Summary                               Comments
Employee Costs       $2.4 million (7%) of the                  Under expenditure for permanent staff salaries
                     annual budget of $32.2                      and wages ($144k) partially offset by additional
                     million has been expended                   spend on casual staff and external labour hire
                                                                 ($49k)
                                                               Staff training underspend of $22k (2% or $6k
                                                                 of $363k budget expended)
Materials and        $2.9 million (7%) of the $41.2            Works operations maintenance programs
Services             million annual budget has                   $170k below YTD budget (3% or $79k of
                     been expended.                              $3.0m budget spent)
                                                               Lease management of commercial and
                                                                 community properties $35k below YTD budget
                                                                 (6% or $122k of $2.1 million budget spent)
                                                               Holiday Park contract services $29k below
                                                                 YTD budget (7% or $83k of $1.2m budget
                                                                 spent)
                                                               ICT maintenance, licences and equipment
                                                                 leases $44k below YTD budget (6% or $182m
                                                                 or $3.1m budget spent)
                                                               Annual public liability insurance premium $27k
                                                                 lower than budget forecast. Saving to be
                                                                 recognised in BR1 budget review
Finance Costs        On track                              Nil
Depreciation         On track                              Nil
Other Expenses       On track                              Nil




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