2022-04-19 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                         19 APRIL 2022


Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Expenditure at 31 March 2022 is outlined below:
 Expenditure                          Annual Budget                  YTD Budget            YTD Actual      YTD Variance
                                                $m                          $m                    $m
 Payment to Tourism Noosa                          $2.52                   $2.52                 $2.52                 -

 Economic Development                              $1.06                   $0.73                 $0.50             $0.23

 Total                                             $3.58                   $3.25                 $3.02             $0.23

All instalments payable under the Tourism Noosa agreement for the 2021-22 financial year have
been made. Note, the current agreement which was due for renewal at 30th June 2022 has been
extended for a further 12 months.
YTD Economic Development expenditure is below budget due to lower employee costs ($68k),
due the Branch Manager acting as Director of Environment & Sustainable Development for part of
the financial year and vacancies in the branch. This has also impacted timing for delivery of
initiatives under the Local Economic Plan ($154k).
Tourism and economic development activity is funded through the general rate, with 5.8% of the
annual general rate committed towards tourism and economic development. Should actual general
rate revenue fall below budget, this does not impact Council’s contractual commitment to fully fund
all tourism and economic development activity. Any general rate revenue shortfall is funded
through other general revenue sources to ensure all planned activities are undertaken in full.
Legal Cost Summary
An update on legal costs and associated expenditure is provided on a quarterly basis.
Expenditure as at 31 March 2022 is outlined below.

                               Legal Cost (inc consultancy) over time
 $2,500,000
 $2,000,000
 $1,500,000
 $1,000,000
  $500,000
         $0
              FY14 ACT FY15 ACT FY16 ACT FY17 ACT FY18 ACT FY19 ACT FY20 ACT FY21 ACT FY22 ACT FY22 BR2

                                Budget Full Year    Actual YTD Mar      Actual Full Year



              Legal Costs (inc consultancy) by Department - 5 year trend
 $2,000,000
 $1,500,000
 $1,000,000
   $500,000
         $-
                CEO's Office       Community        Corporate    Environment &       Executive    Infrastructure
                                    Services         Services       Planning          Services       Services

                         FY18 ACT        FY19 ACT     FY20 ACT       FY21 ACT    YTD 22 ACT




                                                                                                         Page 58 of 68