2018-05-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                         14 MAY 2018


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 14 May 2018 outlining April year to date financial performance against budget.


REPORT
Operating Revenue (YTD Benchmark 83.3%)
Council has received 97% ($90.4 million) of its operating revenue budget ($93.2 million).
Commentary on each revenue category is provided below.

Category               Summary                          Comments
Rates and Levies       $64.0 million (100%) of the       Overall, rates and levies earned are in
                       annual budget of $64.0              line with budget expectations
                       million has been earned

Fees and Charges       $5.4 million (100%) of the          Development related fees $226k above
                       $5.4 million annual budget            YTD budget (103% or $1.3m of $1.3m
                       has been earned                       budget earned)
                                                           Local laws fees $167k above YTD
                                                             budget (112% or $1.1m of $981k budget
                                                             earned)
                                                           Community land use applications and
                                                             permits $67k above YTD budget (107%
                                                             or $390k of $364k budget earned)
                                                           Lions Park Holiday Parking revenue
                                                             $19k above YTD budget (131% or $79k
                                                             of the $60k budget earned)
                                                           Asset Management $14k permit revenue
                                                             received (no budget)
                                                           Public health licences and infringements
                                                             $22k above YTD budget (104% or $340k
                                                             of $328k budget earned)

Sale of Goods and      $7.7 million (87%) of the $8.8      Noosa Aquatic Centre $54k above YTD
Services               million budget has been               budget (90% or $1.6m of $1.7m budget
                       received                              earned)
                                                           The J $48k above YTD budget (98% or
                                                             $342k of the $353k budget earned)
                                                           Noosa Leisure Centre $20k above YTD
                                                             budget (88% or $465k of the $527k
                                                             budget earned)
                                                           Landfill disposal charges $77k above
                                                             YTD budget (87% or $2.3m of the $2.7m
                                                             budget earned)
                                                           Community facilities income $53k above
                                                             YTD budget ($83k or $728k of $880k
                                                             budget earned)

Interest Received      $3.7 million (81%) of the $4.6      Investment revenue $31k above YTD
                       million annual budget has             budget (87% or $1.4m of $1.5m budget
                       been earned                           earned)
                                                           Interest on overdue rates $30k above
                                                             YTD budget (91% or $383k of $450k
                                                             budget earned)



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