2017-08-17 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                              17 AUGUST 2017


REPORT

Operating Revenue (YTD Benchmark 8.3%)

Council has received 38.5% ($35.5 million) of its operating revenue budget ($92.2 million).
Commentary on each revenue category is provided below:
   Rates and Levies – $32.8 million (51.3%) of the annual budget of $63.8m has been earned,
    with general rates and waste charges slightly above budget. Note that revenue is
    recognised when the rates are levied (which occurred in July), with payments made
    progressively by ratepayers over the following weeks with upwards of 80% of payments
    made on or before the discount due date.
   Fees and Charges –$0.8 million (14.9%) of the $5.1 million annual budget has been
    earned. Search fees, change of ownership and development application fees are all slightly
    above YTD budget.
   Interest Received – Revenue received of $0.1 million (2.7%) of the $4.4 million annual
    budget has been earned and is slightly behind YTD budget.
   Dividend and Tax – Unitywater distributions are in line with budget.
   Other Revenue – Internal recoveries for Quarry, Fleet and Works Operations above target
    but partially offset by internal recoveries for Waste Management below forecast.
   Operating Grants, Subsidies and Contributions – Operational grants are generally tracking
    in accordance with the budget. Library grants $25k ahead of YTD budget (make a space
    Cooroy not budgeted), Local Laws trainee subsidy received of $14k (not budgeted) and
    Noosa Community Support additional funding also $12k ahead of budget.

Figure 2: Operating Revenue Position by Type (Excluding Rates)
 $1.0
 $0.9
 $0.8
                                    YTD Budget ($m)
 $0.7
                                    YTD Actual ($m)
 $0.6
 $0.5
 $0.4
 $0.3
 $0.2
 $0.1
 $0.0
                                                               Other




                                                                            Grants
            Fees




                         Dividend




                                                        Tax
                                             Interest




Operating Expenditure (YTD Benchmark 8.3%)
Actual operating expenditure is currently 8.6% of full year budget. Detailed commentary for each
expenditure category appears below:
 Employee Costs – $2.3 million (7.4%) of the annual budget of $30.3 million has been spent.
   which is generally in line with YTD employee budget phasing.
 Materials and Services – $4.3m (9.6%) of the $40.5 million annual budget has been spent.
   Contract services is below budget ($404k) across a range of areas including Civil Operations,
   Infrastructure Planning and Design, Waste Management, Noosa Community Support, Library
   Services, Community Development and other community facilities.

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