2016-06-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                        13 JUNE 2016


Recurrent Expenditure (YTD Benchmark 92%)

Operating expenditure is currently 84% of the full year budget forecast. Detailed commentary for
significant items appears below.

 Employee Costs – Actuals of $24.3m against the YTD budget of $24.6m and equates to 88%
   of the full year budget. Whilst the total is within the budget, this is actually represented by a
   range of minor variances across operational areas, including allocation of wages to capital
   projects, costs for labour hire staff to cover short term vacancies in critical operational areas,
   and staff training, which will continue to be monitored.
 Materials and Services – $31.3m (78%) of the full year budget has been expended compared
   to the YTD budget of $33.5m. Variances relate to under-expenditure against contract services,
   maintenance, and special levies ($407k). Specifically, there is under-expenditure against
   buildings and facilities maintenance ($73k), and savings against fleet operations associated
   with fuel costs and lease and insurance costs ($366k); Waste operations are currently running
   under original forecasts ($506k).
 Finance Costs – generally in accordance with budget.
 Depreciation expenses are currently running in accordance with budget forecasts, with minor
   adjustments anticipated for assets sold through the year.
 Other Expenses – generally in accordance with budget.

Figure 3: Recurrent Expenditure Position by Type

 $40
 $35
                                                       YTD Budget ($m)
 $30
                                                       YTD Actual ($m)
 $25
 $20
 $15
 $10
  $5
  $0
                                       Finance Costs
                          Materials




                                                                 Depreciation
            Employees




                                                                                Other




Capital Revenue

YTD capital revenue of $7.0 million received includes $2.4 million cash contributions from
developers, together with $4.6 million received as grant funding towards capital projects.

Capital Works Program

Actual capital expenditure (excluding commitments) is $26.0 million against the current full-year
budget of $35.6 million. Committed expenditure totals a further $3.5 million bringing the total of
actual and committed funds to $29.5 million (83% of the total program). Detailed discussion of
progress in the delivery of the capital works program is provided through a separate report by the
Infrastructure Planning & Design Manager.

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