2021-04-06 Services and Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                                  6 APRIL 2021



                                       2020-21         2020-21       2020-21           %
    Statement of Income and Expenses   Current          YTD            YTD           Current          YTD
                                       Budget          Budget        Actuals         Budget         Variance

Total Revenue                          17,230,421       8,510,882       9,202,195         53.4%        691,313
Direct Costs (Controllable)
  Employee Benefits                       931,511         464,547         452,470         48.6%          12,078
  Finance Costs                           206,100         103,050         103,121         50.0%            (71)
  Materials & Services                  9,795,130       4,773,023       4,812,651         49.1%        (39,629)
  Other Expenses                              328             164             529        161.3%           (365)
Subtotal Direct Costs (Controllable)   10,933,069       5,340,784       5,368,771         49.1%        (27,988)
Operating Surplus/Deficit               6,297,351       3,170,098       3,833,423                      719,300
Indirect Costs (Corporate)
  Depreciation & Amortization             805,772         402,886         402,886         50.0%              0
  Internal Charges                      1,664,996         832,498         830,280         49.9%          2,218
  Competitive Neutrality                1,077,484         538,742         538,742         50.0%              0
Subtotal Indirect Costs (Corporate)     3,548,252       1,774,126       1,771,908         49.9%          2,218
Net Result - Surplus/(Deficit)          2,749,099       1,395,972       2,061,516                      665,543




                       Waste Management - FY20/21 YTD Decemeber 2020

10,000,000
    9,000,000
    8,000,000
    7,000,000
    6,000,000
    5,000,000
    4,000,000
    3,000,000
    2,000,000
    1,000,000
           0
                      Total Revenue                 Total Expenditure          Net Result - Surplus/(Deficit)

                                          2020-21                   2020-21
                                          YTD                       YTD
                                          Budget                    Actuals



Budget Commentary

For the six-month period to December 2020 the Waste Management Team delivered an operating
surplus of $2,061,516 which is $665,543 favourable to budget. Revenues were above budget
$691,313 due to higher:
       rates revenues of $398,417 due to conservative budget modelling:
       landfill fees of $215,352 due to higher volumes: and
       temporary waste services of $74,519.
Expenses year-to-date are in line with budget.


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