2018-07-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                     16 JULY 2018


Category              Summary                               Comments
Interest              $4.7 million (103%) of the                Investment revenue $111k above budget (101% or
Received              $4.6 million annual budget                  $1.6m of $1.5m budget earned)
                      has been earned                           Interest on overdue rates $43k above budget
                                                                  (109% or $493k of $450k budget earned)
Dividend and          $3.0 million (100%) of the            Nil
Tax                   $3.0 million annual budget
                      has been earned
Other                 $2.6 million (104%) of the                The J revenue (staff recoveries, booking
Revenue               $2.5 million budget has been                commissions) $85k above budget (171% or $207k
                      earned                                      of $121k budget earned)
                                                                Lease management income (primarily
                                                                  telecommunication leasing) $27k above budget
                                                                  (103% or $1.1m of $1.0 million budget earned)
                                                                Civil operations internal recoveries $112k above
                                                                  budget (112% or $1.1m of $941k budget earned)
                                                                Waste management internal recoveries $96k
                                                                  above budget (113% or $833k of $736k budget
                                                                  earned)
                                                                Fleet management internal recoveries $60k above
                                                                  budget (102% or $3.2m of $3.1m budget earned)
Operating             $6.0 million (125%) of the                50% of the 2018/19 Financial Assistance Grant
Grants,               $4.8 million budget has been                ($1.1m) was paid in advance in June 2018.
Subsidies             received



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

$10.0
                                                                             YTD Budget ($m)
 $9.0
                                                                             YTD Actual ($m)
 $8.0
 $7.0
 $6.0
 $5.0
 $4.0
 $3.0
 $2.0
 $1.0
 $0.0
                                                                                 Other
                                                                   Income
            Charges




                                                 Goods &




                                                                                           Grants
                          Dividend




                                                 Services
                                                 Sales of




                                                                    Rental
                                      Interest
            Fees &




                           & Tax




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