2017-08-17 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                      17 AUGUST 2017


Program                                               Original      Carryover   Adjustment           Revised
                                                       Budget                                         Budget
Public Transport Infrastructure                        600,000                                        600,000
Sealed Roads Network                                 3,510,000        811,371        700,000        5,021,371
Sports Ground and Facilities                            53,500                        12,000           65,500
Stormwater Drainage                                     80,000        151,164                         231,164
Streetscapes and Road Corridors                                        20,000                          20,000
Transport and Infrastructure Management              2,800,000        374,621        372,500        3,547,121
Waste Management                                       114,000                                        114,000
Total                                               24,055,500      3,540,386       3,393,827      30,989,713

Previous Council Consideration
The 2017/18 budget was adopted by Council resolution on 29 June 2017.
Finance & Risk
Finance
Operating carryovers will impact negatively on Council’s operating result. The additional $244k in
expenditure will reduce the current $259k operating surplus to a marginal operating surplus of
$14k. The operating surplus ratio reduces from 0.3% to 0.02% (albeit still within the policy
benchmark range of 0%-10%).
Capital carryovers do not impact directly on the current year operating position (through
depreciation expense), as it is assumed that these projects were initially anticipated to be
completed by 30 June 2017 when developing the 2017/18 budget. The capital carryovers are not
expected to impact on Council’s capacity to deliver the program by 30 June 2018.
Council’s financial sustainability ratios will remain within than the target range following the
incorporation of both operating and capital carryovers.
Note that accounting adjustments relating to the 2016/17 financial year are still being finalised,
and as such the budget financial statements contain interim figures at this stage.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
Financial Services Manager and the Management Accountants have been in contact with all
areas of Council. Directors of each department have reviewed endorsed all submissions
received.
Departments/Sections Consulted:

x      Chief Executive Officer   x   Community Services                         x    Corporate Services
       Executive Officer             Community Development                           Financial Services
       Executive Support             Community Facilities                            ICT
                                     Libraries & Galleries                           Procurement & Fleet
                                     Local Laws                                      Property
                                     Waste & Environmental Health                    Revenue Services

x      Executive Services        x   Environment & Sustainable Development      x    Infrastructure Services
       Community Engagement          Building & Plumbing Services                    Asset Management
       Customer Service              Development Assessment                          Buildings and Facilities
       Governance                    Economic Development                            Civil Operations
       People and Culture            Environmental Services                          Disaster Management
                                     Strategic Land Use Planning                     Infrastructure Planning,
                                                                                     Design and Delivery



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