2014-10-20 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  20 OCTOBER 2014


•      Interest Received – marginally ahead of forecasts due to higher levels of cash available for
       investment;
•      Grants and Subsidies – no significant variances to this point; and
•      Other Revenue – generally in accordance with budget predictions, with sale of recyclables
       showing favourable variances.

3.           Operating Expenses

Operating expenditure is below forecast levels and shows a favourable variance of $1.2m.

             12,000                                                     120,000

             10,000                                                     100,000

              8,000                                                     80,000
     $,000




              6,000                                                     60,000

              4,000                                                     40,000

              2,000                                                     20,000

                 0                                                      0
                      Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

                Budget     Actual     Accum Budget (RHS)   Accum Actual (RHS)



Detailed commentary for significant items appears below:

•      Employee Costs – YTD actuals are less than budgeted, with a number of variables that will
       be monitored as part of the September quarterly budget review, including seasonal
       fluctuations;
•      Materials and Services – contract services are behind budgeted levels, although it is noted
       that delays in invoicing from some key contract areas can skew results (e.g. Waste
       Management);
•      Finance Costs – generally in accordance with budget; and
•      Other Expenses – generally in accordance with budget.


4.           Capital Works Program

Year to date capital expenditure is $1.2 million against a budget of $6.5 million. Delivery of
carried-over projects has been factored into the overall program and discussions are currently
being held with program managers to review and where necessary revise delivery schedules,
with any changes to be factored into the September quarter budget review.




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