2014-12-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                   15 DECEMBER 2014


 Fees and Charges – development related activity and search fees remain ahead of forecasts,
   but this is offset by lags in some other business areas, with all areas subject to ongoing
   review and possible adjustments to budgets in the next major review.
 Interest Received – remains ahead of forecasts due to higher levels of cash available for
   investment (will be revised as part of the December quarter budget review).
 Grants and Subsidies – will continue to be monitored with further changes possible as part of
   the next quarterly budget review.
 Other Revenue – generally in accordance with budget predictions, with sale of recyclables
   showing favourable variances (some areas of variance have been included with the
   September quarter budget review).


3.           Operating Expenses

Operating expenditure is generally below forecast levels and shows an accumulated favourable
variance of $788k.

             12,000                                                          120,000


             10,000                                                          100,000


              8,000                                                          80,000
     $,000




              6,000                                                          60,000


              4,000                                                          40,000


              2,000                                                          20,000


                 0                                                           0
                      Jul   Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

                  Budget       Actual    Accum Budget (RHS)   Accum Actual (RHS)



Detailed commentary for significant items appears below:

 Employee Costs – YTD actuals are slightly less than budgeted, with variances to be
   considered with the December quarter budget review.
 Materials and Services – contract services are behind budgeted levels, and will continue to
   be monitored for possible review with the December quarter review.
 Finance Costs – generally in accordance with budget.
 Other Expenses – generally in accordance with budget.




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