2018-12-11 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                      11 DECEMBER 2018


     Category           Summary                        Comments
     Interest           $2.2 million (108%) of the        Investment revenue $110k above budget (101% or
     Received           $2.0 million annual budget          $1.6m of $1.5m budget earned)
                        was earned                        Interest on overdue rates $43k above budget (109%
                                                            or $493k of $450k budget earned)
     Unitywater         $5.7 million (100%) of the        Overall distributions from Unitywater aligned with
     Distributions      $5.7 million annual budget          budget
                        was earned
     Other              $2.8 million (110%) 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 annual Financial Assistance Grant for
     Grants,            $4.8 million budget has been        2018/19 ($1.1m) paid in advance by Australian
     Subsidies          received                            Government in June 2018
Note: Some rounding



Figure 1: Operating Revenue Position by Type (Excluding Rates)
  Grants
  Other
  Interest




                                                  YTD Actual ($m)
                                                  YTD Budget ($m)
  U/water
  Sales
  Fees




     $0.0            $2.0         $4.0          $6.0           $8.0          $10.0




                                                                                           Page 135 of 148