2021-04-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                     12 APRIL 2021


 Category               Summary                                       Comments
                                                                         be offset in part by additional variable operating
                                                                         costs
                                                                       Waste management disposal fees and sale of
                                                                         recoverable materials $552k above YTD budget
                                                                         (88% or $3.5 million of $4.0 million budget
                                                                         earned)
 Interest               $618k (71%) of the $870k                            Interest revenues on cash invested will need
 Received               annual budget has been                               ongoing monitoring given further recent interest
                        earned                                               rate cuts and impacts on term deposit / cash fund
                                                                             rates
 Unitywater             On track                                      Nil
 Dividend and
 Tax
 Other Revenue          $1.8 million (91%) of the $2.0                      Recoupment of Unitywater charges from lessees
                        million budget has been                              $140k above YTD budget - offset by additional
                        earned                                               utility charge expenses
                                                                            Commercial lease revenue $142k above YTD
                                                                             budget (93% or $857k of $919k budget earned)
 Operating              $3.8 million (62%) of the $6.1                      50% ($1.2 million) of the financial assistance
 Grants,                million budget has been                              grant was prepaid in May 2020 and may impact
 Subsidies              received                                             on Council’s 2020/21 final operating position if the
                                                                             prepayment approach is discontinued by the
                                                                             Australian government
                                                                            All operating grants are in line with budget
                                                                             expectations at this stage
 Unitywater             On track                                            Unitywater distributions are fixed each year so
 Distributions                                                               there is little budget variance risk


Figure 2: Operating Revenue Position by Type (Excluding Rates)

  $9.0                                              $8.5

  $8.0
                                                                                 YTD Budget ($m)
  $7.0
                 $5.7                                                            YTD Actual ($m)
  $6.0   $5.0                                $5.3
  $5.0
  $4.0                                                                                   $3.6 $3.8
                                                                                                     $3.0 $3.0
  $3.0
  $2.0
                                      $0.6                 $0.9 $1.1
  $1.0                  $0.6                                                $0.6 $0.7

  $0.0
             Charges




                                                                                Other
                                                            Income




                                                                                            Grants
                                              Goods &




                                                                                                        Unitywater
                                              Services
                                              Sales of




                                                             Rental
                           Interest
             Fees &




                                                                                                         Share of




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