2020-10-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                   12 OCTOBER 2020


   Category       Summary                        Comments
   Employee       $7.6 million (22%) of the                         Under expenditure for permanent staff salaries
   Costs          annual budget of $34.8                             and wages ($757k) partially offset by additional
                  million has been expended                          spend on casual staff and external labour hire
                                                                     ($257k)
   Materials      $10.9 million (25%) of the                        Fleet operations $103k below YTD budget (23%
   and            $43.3 million annual budget                        or $311k of $1.4 million budget spent) – fuel
   Services       has been expended.                                 costs and timing of plant / vehicle servicing and
                                                                     reactive maintenance
                                                                    Commercial properties $75k below YTD budget
                                                                     (22% or $54k of $245k budget spent) – timing
                                                                     of maintenance works
                                                                    Works operations $87k above YTD budget
                                                                     (18% or $585k of $3.3 million budget spent) –
                                                                     sealed and gravel road maintenance works
                                                                    Holiday parks $102k above YTD budget (36%
                                                                     or $306k of $861k budget spent) – operating
                                                                     costs from parks reopening earlier than
                                                                     budgeted following COVID-19 pandemic related
                                                                     closures - offset by additional revenues.
   Finance        On track                       Nil
   Costs
   Depreciation   On track                       Nil
   Other          On track                       Nil
   Expenses

   Figure 3: Operating Expenditure Position by Type

    $12.0                     $11.1 $10.9

    $10.0                                                              YTD Budget ($m)
               $7.9 $7.6                                               YTD Actual ($m)
     $8.0

     $6.0
                                                                                 $4.7 $4.7

     $4.0

     $2.0
                                                $0.3 $0.4                                           $0.1 $0.1
     $0.0
                                                     Finance Costs
                                  Materials




                                                                                    Depreciation
                  Employees




                                                                                                       Other




   Capital Revenue
   YTD capital revenue of $3.3 million received comprises cash contributions from developers
   ($249k) and capital grants ($3.0 million). Note that the timing of capital grant receipts are
   generally dependent on the timing of grant conditions and also capital delivery performance,
   and that the timing of the receipt of developer contributions (both cash and contributed) is
   unpredictable.




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