2016-08-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                        15 AUGUST 2016


Recurrent Expenditure (YTD Benchmark 8.3%)

Operating expenditure is currently 7% of the full year budget forecast. Detailed commentary for
significant items appears below.
 Employee Costs – Actuals of $2.3m against the YTD budget of $2.2m and equates to 8% of
    the full year budget. The variance generally relates to costs for sick leave, and labour hire staff
    to cover short term vacancies in critical operational areas.
 Materials and Services – $2.6m (6%) of the full year budget has been expended compared to
    the YTD budget of $3.3m. Variances relate to under-expenditure against contract services.
    Specifically, there is under-expenditure against insurance costs ($62k); Fleet & Procurement
    budget ($33k); Civil Operations ($197k); Property Management ($78k); and Waste ($120k).
 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

 $4

 $3
                                                        YTD Budget ($m)
 $3
                                                        YTD Actual ($m)
 $2

 $2

 $1

 $1

 $0
                                        Finance Costs
                          Materials




                                                                 Depreciation
            Employees




                                                                                Other




Capital Revenue

YTD capital revenue of $349k received includes $47k cash contributions from developers, together
with $302k received as grant funding towards capital projects. Note that the timing of the receipt of
developer contributions is unpredictable.

Capital Works Program

Actual capital expenditure (excluding commitments) is $547k against the current full-year budget
of $23.1 million. Committed expenditure totals a further $1.2 million bringing the total of actual and
committed funds to $1.7 million (7% of the total program). Note that expenditure has been incurred
for projects the subject of carryover requests from 2015/16 to 2016/17. 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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