2021-10-12 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING REPORT                                  12 OCTOBER 2021


    Operating Surplus/Deficit                 7,544,451        8,385,125                         840,674
    Indirect Costs (Corporate)
      Depreciation & Amortization               805,772          787,428         97.7%             18,344
      Finance Costs                             206,100        1,236,743       600.1%         (1,030,643)
      Internal Charges                        1,664,996        1,660,560         99.7%              4,437
      Competitive Neutrality                  1,077,484        1,077,484       100.0%                       0
    Subtotal Indirect Costs (Corporate)       3,754,352        4,762,215       126.8%         (1,007,862)
    Net Result - Surplus/(Deficit)            3,790,099        3,622,911                        (167,188)



                                         Waste Management

20,000,000
18,000,000
16,000,000
14,000,000
12,000,000
10,000,000
    8,000,000
    6,000,000
    4,000,000
    2,000,000
            0
                         Total Revenue              Total Expenditure      Net Result - Surplus/(Deficit)

                                          2020-21            2020-21
                                          Current            YTD
                                          Budget             Actuals


Budget Commentary
For financial year 2020-21, Waste Management delivered an operating surplus of $3.6M which was
$167k unfavourable to budget. This compromises a general business operation surplus that
outperformed budget by $840k but offset by an additional $1M in finance costs due to a review of
the landfill rehabilitation provision.
Revenues were above budget $531k mainly due to higher:
       Landfill fees of $296k due to higher volumes;
       Sale of recyclables above budget $182k; and
       Infringements above budget $31k.
Controllable expenses were below budget $310k mainly due to:
       Waste collection costs below budget $147k;
       Maintenance costs below budget $62k;
       Bin purchases below budget $74k;
       Employee costs below budget $64k due to vacancies; and
       Hazardous waste disposal costs below budget by $31k.




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