2015-05-26 Infrastructure & Services Committee Agenda

INFRASTRUCTURE & SERVICES COMMITTEE MEETING AGENDA                              26 MAY 2015


Parking

                                 Parking ytd April 2014/15
                                 Actual YTD Budget YTD Variance (YTD)      Budget Full Year
Total Revenue                     $544,416       $501,650     $42,766             $611,591
Total Expenditure                 $392,546       $331,568    -$60,978             $390,005
Net Operating Surplus/Deficit     $151,870       $170,082    -$18,212             $221,586
Depreciation                             $0            $0          $0                    $0
Internal Charges                    $23,545       $23,545          $0              $28,254
Total Surplus/Deficit             $128,325       $146,537    -$18,212             $193,332




                         Parking ytd April 2014/15
 $600,000

 $500,000

 $400,000

 $300,000                                                                  Actual YTD

 $200,000                                                                  Budget YTD

 $100,000

      $0
               Total Revenue     Total Expenditure     Net Operating
                                                       Surplus/Deficit


Parking revenue is well above the original budget estimate. BR3 identified that parking
income would exceed the budget estimate by $190k and increased revenue accordingly
from $380k to $570k. Subsequently some of revenue has been identified as being incorrectly
allocated to Parking and should in fact be allocated to SPER (State Penalties Enforcement
Registry) and CITEC (system used to locate Qld registrations) recoveries.

BR4 will therefore recognise a decrease of $50k in parking revenue to $520k and an
increase in SPER revenue of $72,500.

On the expenditure side BR4 will recognise an increase of $55k for casual wages (Labour
Hire) from $120k to $175k reflecting the practice of running a seven day a week operation
rather than five day per week as originally budgeted.




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