2015-06-23 Planning & Organisation Committee Meeting Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                    23 JUNE 2015


 Rates and Levies – $169k net reduction in revenue – primarily to account for fewer new
   waste charges than originally budgeted.
 Fees and Charges – net reduction in revenue forecast of $68k comprising a downward
   revision of revenue from animal registration and parking infringements, partially offset by
   increases in green waste fees, lodgement fees and revenue from park and ride facilities.
 Interest Received – increased by $150k.
 Dividend and Tax – no changes made against these items.
 Sales & Other Revenue – $279k additional revenue primarily from searches, and sale of
   recyclable material.
 Grants and Subsidies – additional operational grant funding of $80k, offset by increases
   in expenditure.
 Sale of Assets (non-recurrent) - $281k – sale of land by the State Government in which
   Council held an interest.

Recurrent Expenditure

Operating expenses increases by $220k.

 Employee Costs – overall reduction of $55k.
 Materials and Services – increase of $315k to account for expenditure of grants
   received; additional projects to be undertaken; additional legal costs; and cost
   adjustments to a range of budgets (as outlined in the attachments).
 Finance Costs – reduced by $40k to account for changes in the merchant arrangements.
 Depreciation – no changes made.
 Other Expenses – generally in accordance with budget.


Capital Works Program

Changes to the capital works program amount to an increase of $234k overall. This includes
additional costs for a range of renewal and refurbishment projects (primarily financed from
uncommitted emergent works funds), with $100k funded from Noosa Community Care
reserves. Provision has also been made for $100k to fund the establishment of a charging
station for the electric bus trial (funded from the Public Transport levy), plus $50k strategic
planning for the redevelopment of the Peregian Beach Bowls Club site (funded from general
revenue).

Previous Council Consideration

Nil.

Finance & Risk

The revised budget forecast forms the basis for the development of a revised long term
financial plan, commencing with the 2015/16 budget. All financial sustainability indicators
remain within target ranges.

Consultation

External Consultation - Community & Stakeholder

Nil.




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