2019-10-14 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  14 OCTOBER 2019


Category        Summary                          Comments
                                                  Noosa Aquatic Centre admission and other
                                                    revenue $76k below YTD budget (10% or $147k
                                                    of $1.5 million budget earned) – reflecting the
                                                    actual closure period being 2 weeks longer than
                                                    budgeted.
                                                  Waste disposal fees $86k below YTD budget
                                                    (23% or $997k of $1.5 million budget earned) –
                                                    $126k waste levy budget timing issue to be
                                                    resolved.
Interest        $442k (11%) of the $1.4             Interest on overdue rates and charges $41k
Received        million annual budget has             above YTD budget (30% or $121k of $400k
                been earned                           budget earned).
                                                    Investment revenue $68k above YTD budget
                                                      (32% or $320k of $1.0 million budget earned).
                                                    Further downward movements in interest rates
                                                      will impact on Council’s interest revenue on cash
                                                      invested, and will be monitored for any overall
                                                      interest revenue budget implications.
Other Revenue   $203k (23%) of the $880k            Water Bottle filling station contribution from MOU
                budget has been earned                with Unitywater $11k (not budgeted).
                                                    Local Law SPER revenue $23k below YTD
                                                      budget (partially offset by $17k reduced
                                                      expenditure).
Operating       $1.2 million (23%) of the $5.1      Reduction in annual grant funding for Noosa
Grants,         million budget has been               Community Support ($400k) will be offset by
Subsidies       received                              reduction in operating costs – to be addressed
                                                      at budget review 2 (BR2).
                                                    50% or $1.1 million of the financial assistance
                                                      grant was again prepaid in June 2019 and may
                                                      impact on Council’s 2019/20 final operating
                                                      position if the prepayment approach is
                                                      discontinued by the Australian government.
                                                    All other operating grants are in line with budget
                                                      forecasts at this stage.
Unitywater      On track                            Unitywater distributions are fixed each year so
Distributions                                         little budget variance risk.




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