2015-09-15 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                        15 SEPTEMBER 2015


Recurrent Expenditure

Operating expenditure is currently 17% of the full year budget spend, with a positive YTD variance
of $1.6m. The favourable budget variance generally relates to under expenditure to date in
employee costs and materials and services. Detailed commentary for significant items appears
below:

 Employee Costs – Actuals of $4.5m against a YTD budget of $5.2m equates to 16% of the full
   year budget. The variance can be attributed to the overlap of the pay period with the 2014/15
   financial year and will be rectified during September.
 Materials and Services – 17% of the materials and services budget ($6.5m) has been expended
   compared to the budget of $7.5m. It is too early to identify any specific trends in expenditure
   against budget however close monitoring will continue to identify and eliminate any timing
   variances.
 Finance Costs – generally in accordance with budget.
 Depreciation expenses are currently running in accordance with budget forecasts.
 Other Expenses – generally in accordance with budget.

Figure 3: Recurrent Expenditure Position by Type
 $8.0
 $7.0
 $6.0                                                   YTD Budget ($m)

 $5.0                                                   YTD Actual ($m)

 $4.0
 $3.0
 $2.0
 $1.0
 $0.0
                          Materials




                                        Finance Costs




                                                                 Depreciation
             Employees




                                                                                Other




Capital Revenue and Expenses

Included in these reporting lines are cash contributions from developers ($0.3 million), together
with ($0.4 million) being received for transport infrastructure capital grant funding.

Capital Works Program

Capital expenditure (excluding commitments) is $1.0 million against a YTD budget of $4.3 million
and revised full year budget of $31.3 million (now including $8.0m of carryover works). Works
scheduling is now complete and will continue to be refined each month to ensure budget
performance can be measured accurately.

Detailed discussion of progress in the delivery of the capital works program is provided periodically
to the Infrastructure and Services Committee.




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