2018-02-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                  6 FEBRUARY 2018


Statement of Income and               2016/17           2016/17         2016/17        %              YTD
Expenses                              Current              YTD             YTD    Current         Variance
                                      Budget            Budget          Actuals   Budget

Finance Costs                          157,584           78,792          78,796    50.0%                (4)
Other Expenses                             309              155             155    50.0%                  0
Depreciation & Amortization            731,922          365,961         365,961    50.0%                  0
Internal Charges                     1,173,966          586,990         587,362    50.0%             (372)
Competitive Neutrality               1,085,764          542,882         542,882    50.0%                  0
Total                               12,114,420        5,635,679       5,558,845                     76,834




                                   Waste Management
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             Operating Result
                                   2016/17                           2016/17
                                   YTD                               YTD
                                   Budget                            Actuals



Budget Commentary
The Waste Section budget report for the six monthly period indicates that revenue was above
estimates and expenditure was below estimates. There is an operating result of a surplus of
$109,871 for the period.

The operating surplus is due to:
   Increased waste disposal revenue above estimates; and
   Materials and services costs being lower than predicted due to some operational works that
     will be undertaken in the second half of the period.

Expenditure
   Employee benefit costs were higher than predicted due to engagement of temporary
     administrative resources to assist during roll out of the new waste contract and garden
     waste recycling service.




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