2022-09-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                  12 SEPTEMBER 2022


    Category                    Summary                         Comments
    Materials and               $9.3 million (16.6%) of              Waste Management $93k below YTD budget
    Services                    the $55.7 million                     (14.2% or $1.9 million of $13.1 million annual
                                annual budget has                     budget spent)
                                been expended.                       Development Assessment $103k below YTD
                                                                      budget (4.7% or $65k of $1.4 million annual budget
                                                                      spent)
                                                                     Council Buildings & Amenities $85k below YTD
                                                                      budget (7.4% or $79k of $1.0 million annual budget
                                                                      spent)
                                                                     Asset Management $73k below YTD budget (6.4%
                                                                      or $97k of $1.5 million annual budget spent)
                                                                     Civil Operations $176k over YTD budget (14.8% or
                                                                      $1.2 million of $8.4 million annual budget spent)
                                                                     Insurance Costs $46k over YTD budget (99.5% or
                                                                      $727k of $731k annual budget spent)
    Finance                     Currently on track                   Whilst existing loan borrowings are set with fixed
    Costs                                                             interest rates, any further RBA rate rises will impact
                                                                      finance costs on new loan borrowings
    Depreciation                Currently on track                   Current inflationary conditions for construction
                                                                      inputs will continue to impact the value of Council’s
                                                                      infrastructure assets and depreciation. The annual
                                                                      asset revaluation cycle will quantify the financial risk
                                                                      by end of financial year.
    Other                       Currently on track              Nil
    Expenses

   Figure 3: Operating Expenditure Position by Type
                                           $9.5
    $10.0
                                                         $9.3                            YTD Budget ($m)
     $9.0
     $8.0                                                                                YTD Actual ($m)
     $7.0      $6.1 $6.1
     $6.0
     $5.0
     $4.0                                                                                       $3.3 $3.3
     $3.0
     $2.0
     $1.0                                                                                                             $0.1 $0.1
                                                                      $0.2 $0.2
     $0.0
                                                                         Finance Costs
                                                  Materials




                                                                                                   Depreciation
                    Employees




                                                                                                                         Other




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