2019-11-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                           18 NOVEMBER 2019


 Program                                        Current BR1    Proposed BR2       Revised BR2
                                                     Budget         Changes            Budget
   Libraries & Galleries                                 $45              $88             $133
   Parks & Playgrounds                                $1,298              $60           $1,358
   Pathways & Boardwalks                                $307             $130             $437
   Public Amenities                                     $594               $0             $594
   Sealed Roads Network                               $5,592              $52           $5,644
   Stormwater Drainage                                $1,700            -$200           $1,500
   Transport and Infrastructure Management            $3,766           $1,650           $5,416
   Public Transport Infrastructure                      $500               $0             $500
   Streetscapes and Road Corridors                       $14               $0              $14
   Waste Management                                     $508             $130             $638
 Other Works
   Fleet - Plant Replacement                          $1,817              -$563         $1,254
   Asset Management                                   $1,864              -$300         $1,564
   Information Technology                               $907                 $0           $907
   Planning Scheme                                    $1,157                 $0         $1,157
   Grand Total                                       $30,880                -$7        $30,873

Previous Council Consideration
The 2019/20 original budget was adopted by Council resolution on 28 June 2019 (Ref. Special
Meeting Minutes, 28 June 2019, Item 3, Page 3).
Ordinary Meeting Minutes, 15 August 2019, Item 11, Page 18
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 12 August 2019 and approve the proposed changes to the budget for the 2019/20 financial
year as outlined in the Revised Budget Financial Statements attached to the report.
Finance
Council’s 2019/20 budgeted financial sustainability ratios will all remain within the benchmark
ranges as per the table below.
Ratio                        Target          Original Budget       BR1               BR2
Operating Surplus            0 – 10%              0.1%             0.0%              0.0%
Net Financial Liabilities     < 60%              (6.8%)           (5.7%)            (9.4%)
Asset Sustainability          > 90%              119.6%           129.4%            108.4%




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