2017-09-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                               18 SEPTEMBER 2017


REPORT
Operating Revenue (YTD Benchmark 16.7%)

Council has received 40% ($36.6 million) of its operating revenue budget ($92.2 million).
Commentary on each revenue category is provided below:
  Rates and Levies – $32.0 million (50.1%) of the annual budget of $63.8m has been earned.
    General rates and waste charges slightly above budget but partially offset by Tourism and
    Economic Levy being slightly below budget.
      Fees and Charges –$1.4 million (30.0%) of the $5.1 million annual budget has been
        earned. Search fees, change of ownership, development applications as well as building
        and pool compliance fees are all slightly above YTD budget. This is partially offset by
        plumbing fees being slightly below budget.
      Sale of Goods and Services - $1.4 million (16.8%) of the $8.3 million budget has been
        received and is in line with YTD forecasts.
      Interest Received – $0.3 million (7.3%) of the $4.4 million annual budget has been earned
        and is slightly ahead of YTD budget.
      Dividend and Tax – Unitywater distributions are in line with budget.
      Other Revenue – Revenue for Building and Plumbing, The J, Local Laws and Fleet ahead
        of budget. However, Community Properties and Waste Management charges are slightly
        below budget.
      Operating Grants, Subsidies and Contributions – Operational grants of $1.1 million are
        tracking slightly above YTD budget. Co-funding and grants for the Regional Sports
        Facilities Plan of $56k (not budgeted), Library grant for $25k (make a space Cooroy not
        budgeted), Local Laws trainee subsidy of $14k (not budgeted) and Noosa Community
        Support funding also $13k ahead of budget.

Figure 2: Operating Revenue Position by Type (Excluding Rates)
 $2.0
 $1.8
 $1.6
                                    YTD Budget ($m)
 $1.4
                                    YTD Actual ($m)
 $1.2
 $1.0
 $0.8
 $0.6
 $0.4
 $0.2
 $0.0
                                                              Other
              Fees




                                                                      Grants
                         Dividend




                                                        Tax
                                             Interest




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