2018-12-11 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                         11 DECEMBER 2018


        Category            Summary                       Comments
        Depreciation        $15.1 million (81%) of the       Outcomes from the road data reconciliation and
                            $18.6 million annual budget        revaluation project resulted in an overall decrease
                            was expended                       in the annual depreciation expense (noting that
                                                               increases are expected in 2018/19 once
                                                               stormwater, kerb and channel and gravel road
                                                               reconciliations occur)
        Other               $165k (121%) of the $136k        Fine referrals to the state government (SPER) and
        Expenses            annual budget was expended         emergency management charges


Figure 2: Operating Expenditure Position by Type
 Other
 Depn




                                                 YTD Actual ($m)
                                                 YTD Budget ($m)
 Materials Finance
 Staff




                     $0   $10         $20           $30            $40            $50


Capital Revenue

Recorded capital revenue for Council totalled $11m against a budget of $8.2m. A breakdown of
capital revenue items appears in the table below:

Table 4: Capital Revenue Performance by Type
        Revenue Type                                  Budget          Actual     Variance
                                                         $m               $m           $m
        Developer Cash Contributions                    $1.9             $1.9           $-
        Contributed Assets                              $2.0             $4.9         $2.9
        Grants                                          $4.3             $4.4         $0.1
        Investment Property Revaluation                   $-           ($0.2)       ($0.2)
        Total                                           $8.2           $11.0          $2.8
Note: Some rounding


The investment property valuation decrease relates to the annual valuation required for the Sunrise
Shops which is based on a cash flow valuation methodology to comply with accounting standards.
As this is a non-cash movement it is not budgeted nor anticipated each year.




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