2018-05-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                          14 MAY 2018


Category                       Summary                                 Comments
Dividend and Tax               On track                                Nil

Other Revenue                  $2.4 million (94%) of the $2.5             Lease management income $31k above
                               million budget has been                      YTD budget (85% or $889k of $1.0
                               earned                                       million budget earned)
                                                                          The J revenue $66k above YTD budget
                                                                            (141% or $171k of $121k budget
                                                                            earned)
                                                                          Development Assessment $19k sundry
                                                                            recoveries (no budget)
                                                                          Civil operations internal recoveries $93k
                                                                            above YTD budget (115% or $363k of
                                                                            $315k budget earned)
                                                                          Waste management internal recoveries
                                                                            $57k above YTD budget (116% or $399k
                                                                            of $345k budget earned)

Operating Grants,              Operational grants of $4.5                 Overall, operating grants are in line with
Subsidies                      million (93%) of the $4.8                    budget expectations
                               million budget has been
                               received

Figure 2: Operating Revenue Position by Type (Excluding Rates)
 $9.0
                                                            YTD Budget ($m)
 $8.0
                                                            YTD Actual ($m)
 $7.0
 $6.0
 $5.0
 $4.0
 $3.0
 $2.0
 $1.0
 $0.0
          Charges




                                                             Income




                                                                                Other




                                                                                           Grants
                                                 Goods &
                    Dividend




                                                 Services
                                                 Sales of




                                                              Rental
                                      Interest
          Fees &




                     & Tax




Operating Expenditure (YTD Benchmark 83.3%)
Actual operating expenditure is currently 79% ($73.6 million) of full year budget ($93.2 million).
Detailed commentary for each expenditure category is provided below.

Category                       Summary                                 Comments
Employee Costs                 $24.0 million (79%) of the               Underspend in salaries and wages
                               annual budget of $30.4                     ($1.4m) offset by additional spend on
                               million has been expended                  casual staff ($458k) sick leave ($384k)
                                                                          and external labour hire ($309k)
                                                                        YTD overspend of $25k for overtime
                                                                          paid (92% or $470k of $513k budget
                                                                          expended)
                                                                        Staff training underspend of $107k (56%
                                                                          or $159k of $286k budget expended)

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