2020-04-30 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                     30 APRIL 2020


Category            Summary                          Comments
Fees         and    $5.4 million (81%) of the $6.7      Plumbing application fees $119k above YTD
Charges             million annual budget has            budget (92% or $894k of $971k budget earned)
                    been earned                         Cemetery fees $80k above YTD budget (110% or
                                                         $251k of $229k budget earned)
                                                        Building application fees $44k below YTD budget
                                                         (69% or $503k of $730k budget spent)
                                                        Development related fees $103k below YTD
                                                         budget (68% or $1.1 million of $1.6 million budget
                                                         earned)
                                                        Building compliance fees $44k below YTD budget
                                                         (69% or $503k of $730k budget earned)
Sale of Goods       $7.1 million (70%) of the           Waste management disposal fees and recyclable
and Services        $10.1 million budget has been        sales $152k below YTD budget (71% or $3.1
                    received                             million of $4.3 million budget earned) – Waste
                                                         disposal restrictions in place due to the COVID-19
                                                         pandemic will impact on disposal revenues (yet to
                                                         be quantified) and potentially recyclable sales.
                                                        Holiday Park sales $159k below YTD budget
                                                         (71% or $2.0 million of $3.1 million budget
                                                         earned) – Park closures due to the COVID-19
                                                         pandemic will result in full year revenue shortfall
                                                         of approximately $1 million should closures
                                                         remain in place through to June 2020
                                                        Community Facilities (NAC, NLC and The J) $42k
                                                         below YTD budget (74% or $1.9 million of $2.5
                                                         million budget earned) – Facility closures due to
                                                         the COVID-19 pandemic will result in full year
                                                         revenue shortfall of approximately $670k should
                                                         closures remain in place through to June 2020
Interest Received   $1.3 million (89%) of the $1.4      Interest on overdue rates and charges $94k
                    million annual budget has            above YTD budget (94% or $374k of $400k
                    been earned                          budget earned)
                                                        Investment interest revenue $77k above YTD
                                                         budget (87% or $884k of $1.0 million budget
                                                         earned)
                                                        Recent downward movements in interest rates
                                                         and COVID-19 pandemic cash flow impacts will
                                                         be monitored for any negative impact on the
                                                         overall interest revenue budget
Rental and Lease    $1.8 million (80%) of the $2.3      Rental and lease revenue budgets will be
/ Other Revenue     million budget has been              impacted by the COVID-19 pandemic, with relief
                    earned                               provided to tenants and lessees due to facility and
                                                         business closures
                                                        A full year budget shortfall of approximately $380k
                                                         is expected with business rent relief provided
                                                         through to June, and should facility closures
                                                         remain in place through to June 2020
Operating           $3.2 million (64%) of the $5.0      50% or $1.1 million of the financial assistance
Grants,             million budget has been              grant was prepaid in June 2019 and may impact
Subsidies           received                             on Council’s 2019/20 final operating position if the
                                                         prepayment approach is discontinued by the
                                                         Australian government
                                                        All other operating grants are in line with budget
                                                         forecasts at this stage



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