2022-09-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                              12 SEPTEMBER 2022


    Category              Summary                         Comments
                                                             earned)
                                                           Waste management sale of recoverable materials
                                                             $56k below YTD budget (16.9% or $252k of $1.5
                                                             million annual budget earned)
    Interest              $485k (55.8%) of the                Interest revenues are tracking above budget YTD
    Received              $870k annual budget                  following the investment of surplus cash into higher
                          has been earned                      yielding term deposits.
    Other                 $457k (16.3%) of the                Other revenue is in line with budget expectations at
    Revenue               $2.8 million annual                  this stage
                          budget has been
                          earned
    Operating             $621k (12.2%) of the                Operating Grants and subsidies are slightly above
    Grants,               $5.1 million annual                  YTD budget expectations due to the receipt of a
    Subsidies             budget has been                      QRA Local Economic Recovery Grant and
                          received                             Queensland Arts Showcase Program Grant.
                                                              75% ($1.9 million) of the financial assistance grant
                                                               was prepaid in June 2022 and may impact on
                                                               Council’s 2022/23 final operating position if the
                                                               prepayment approach is discontinued by the
                                                               Australian government.
    Unitywater            On track                            Unitywater distributions are fixed each year so little
    Distributions                                              budget variance risk

   Figure 2: Operating Revenue Position by Type (Excluding Rates)

     $2.5
                                                   $2.3
            $2.1                                                                YTD Budget ($m)
                   $2.0                     $1.9
     $2.0                                                                       YTD Actual ($m)


     $1.5


     $1.0
                                                                                              $0.6
                                     $0.5                                              $0.5
     $0.5                                                     $0.3 $0.3
                              $0.2
                                                                          $0.2 $0.2                  $0.2 $0.2

     $0.0
                Charges




                                                                              Other
                                                                Income




                                                                                          Grants
                                             Goods &




                                                                                                        Unitywater
                                             Services
                                             Sales of




                                                                 Rental
                                 Interest
                Fees &




                                                                                                         Share of




   Operating Expenditure (YTD Benchmark 16.7%)
   Actual operating expenditure is currently 15.9% ($18.9 million) of full year budget ($119.1
   million). Detailed commentary for each expenditure category is provided below.

    Category              Summary                         Comments
    Employee              $6.1 million (14.4%) of             YTD under expenditure for permanent staff salaries
    Costs                 the annual budget of                 and wages ($354k) due to position vacancies,
                          $42.3 million has been               partially offset by additional spend on casual staff
                          expended                             and external labour hire ($117k).
                                                              Training costs $2k above YTD budget (13.7% or
                                                               $51k of $374k annual budget spent)


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