2017-03-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                       13 MARCH 2017


Recurrent Expenditure (YTD Benchmark 67% - 8 months)

Operating expenditure is currently 63% of the full year budget forecast. Detailed commentary for
each expenditure category appears below:

 Employee Costs – Actuals of $18.4m against the YTD budget of $18.5m and equates to 64%
   of the full year budget. This is represented by an under-expenditure of the training allocation
   ($132k), a rebate for Work Cover premiums ($38k), and recovery from labour allocations to
   capital projects exceeding budget, partially offset by unbudgeted redundancy payments of
   $184k.
 Materials and Services – $24.7m (64% of the full year budget) has been expended compared
   to the YTD budget of $25.4m. Year to date variances primarily relate to contract services
   budgets, specifically under expenditure in electricity costs ($105k); insurance costs ($21k);
   Waste operations ($195k); ICT Operations ($127k); Fleet & Plant operations ($67k); Library
   Services ($53k); and Civil Works is below budget ($349k). Planning costs are currently ahead
   of budget by $309k due to ongoing appeal defence costs.
 Finance Costs – bank merchant fees ($11k) and interest on loans ($64k) are currently below
   the YTD budget.
 Depreciation expenses – actual depreciation exceeds YTD budget by $249k due to 2015/16
   revaluation impacts being higher than budgeted.
 Other Expenses – in accordance with YTD budget.

Figure 3: Recurrent Expenditure Position by Type
 $30

 $25                                                  YTD Budget ($m)

 $20                                                  YTD Actual ($m)


 $15

 $10

  $5

  $0
                                      Finance Costs
                         Materials




                                                                Depreciation
            Employees




                                                                               Other




Capital Revenue

YTD capital revenue of $4m received includes $2.6m of cash contributions from developers,
together with $1.4m received as grant funding towards capital projects, including $200k (TIDS);
$153k (Natural Disaster Relief and Recovery); $303k (Rufous Street Project); $75k (Natural
Disaster Resilience Program – Flood studies and flood gauges); $275k (Bus Shelter Disability
Upgrade program); $288k (Cycle Network Program); and $11k Road Safety Grant.




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