2017-11-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                         13 NOVEMBER 2017


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 13 November 2017 outlining the October year to date financial performance
against budget.


REPORT
Operating Revenue (YTD Benchmark 33.3%)
Council has received 46.7% ($43.1 million) of its operating revenue budget ($92.2 million).
Commentary on each revenue category is provided below:
  Rates and Levies – $31.9 million (50.0%) of the annual budget of $63.8m has been earned.
    General rates are slightly above budget, offset by waste utility charges and the Tourism
    and Economic Levy being slightly below budget.
  Fees and Charges – $2.1 million (44.7%) of the $5.1 million annual budget has been
    earned. Search fees, change of ownership, local laws, development applications building
    and pool compliance fees as well as caravan park shower fees are all slightly above YTD
    budget. This is partially offset by waste temporary services, plumbing application fees and
    cemetery fees being slightly below budget.
  Sale of Goods and Services - $2.9 million (34.6%) of the $8.3 million budget has been
    received. Holiday parks, Noosa Aquatic Centre and landfill disposal sales are all above
    YTD budget.
  Interest Received – $1.3 million (30.3%) of the $4.4 million annual budget has been earned
    and is slightly ahead of YTD budget.
  Dividend and Tax – Unitywater distributions are in line with budget.
  Other Revenue – Building and Plumbing, The J, Local Laws, Waste Management,
    Community Properties, Quarry Operations and Fleet revenues slightly ahead of budget.
  Operating Grants, Subsidies and Contributions – Operational grants of $2.2 million (42.9%)
    are tracking above YTD budget. This includes funding received to reimburse 2016/17 costs
    relating to the ex TC Debbie clean-up of $342k (not budgeted), Community Development
    grant for the Sport and Active Recreation Plan of $66k (not budgeted), Library grants of
    $36k (maker space Cooroy and tech savvy seniors programs not budgeted), Local Laws
    trainee subsidy of $13k (not budgeted) and Noosa Community Support funding is also $22k
    ahead of budget.




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