2017-08-17 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                            17 AUGUST 2017


The revised budget financial statements, included as Attachment 3, identifies the statement line
items that have been affected by the proposed budget adjustments. It also identifies the impact of
the proposed budget adjustments to Council’s financial sustainability through a revised 10-year
financial forecast.

1.   Proposed Carryovers - Operating

Operational carryover submissions equate to a total cost of $244,237. The submissions include
activities where a contractual or grant obligation exists, and are funded from levy and operational
grant revenues received in 2016/17 with the exception of the ZEN carryover funded from general
rates received in 2016/17.

The following table summarises the operational carryovers by department and branch, with a
detailed list contained in Attachment 1.

Department           Branch                          Description                              Total
Community            Community Development           RADF funding commitments                62,570
Services             Libraries and Galleries         Grant funding commitments               73,439
Community Services Total                                                                    136,009
Executive         Director Executive Services        ZEN project funds                       45,767
Services                                             Economic levy projects                  62,460
Executive Services Total                                                                    108,227
Grand Total                                                                                 244,237

2.   Proposed Carryovers - Capital Projects

There are a total of 38 capital projects proposed for funding, with the net capital expenditure
increase $6,934,213, with the total capital budget increasing from $24.1 million to $30.1 million.
To partially offset the additional capital costs is grant funding of $1,412,054, which comprises a
mix of new grants ($813,000) and recognition of 2016/17 and 2017/18 grant funds committed but
not included in the original budget ($599,054).

The following table summarises the proposed revised 2017/18 capital budget by program, with
the full list contained in Attachment 2.

Program                                         Original   Carryover     Adjustment       Revised
                                                 Budget                                    Budget
Asset Management                                 570,000        8,741                      578,741
Bridges                                        1,500,000                                 1,500,000
Coastal Canals and Waterways                      12,000                      154,000      166,000
Commercial Land and Property                   2,000,000    1,019,628         100,000    3,119,628
Community Facilities                              65,000      141,991         140,000      346,991
Corporate Buildings                              195,000       49,821                      244,821
Environmental Assets, Bushland, Tracks                      (202,813)     2,320,000      2,117,187
and Trails
Fleet & Plant Replacement                      1,450,000                                 1,450,000
Gravel Road Network                              800,000       62,485                      862,485
Holiday Parks                                  1,050,000       10,500                    1,060,500
Information Technology                           250,000      196,762                      446,762
Parks and Playgrounds                            360,000       34,450                      394,450
Pathways and Enabling Facilities               7,180,000      689,840      (404,673)     7,465,168
Planning Scheme                                1,466,000      171,825                    1,637,825


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