2017-10-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                 16 OCTOBER 2017


REPORT

Operating Revenue (YTD Benchmark 25.0%)

Council has received 44% ($40.3 million) of its operating revenue budget ($92.2 million).
Commentary on each revenue category is provided below:

      Rates and Levies – $31.9 million (50.1%) of the annual budget of $63.8m has been earned.
        General rates are slightly above budget, offset by waste utility charges and the Tourism
        and Economic Levy being slightly below budget.
      Fees and Charges –$1.9 million (37.7%) of the $5.1 million annual budget has been
        earned. Search fees, change of ownership, local laws, development applications as well as
        building and pool compliance fees are all slightly above YTD budget. This is partially offset
        by plumbing application fees, Noosa Community Support fees and cemetery fees being
        slightly below budget.
      Sale of Goods and Services - $2.1 million (26.2%) of the $8.3 million budget has been
        received. Holiday parks, Noosa Aquatic Centre and landfill disposal sales are all above
        YTD budget.
      Interest Received – $1.1 million (25.6%) of the $4.4 million annual budget has been earned
        and is slightly ahead of YTD budget.
      Dividend and Tax – Unitywater distributions are in line with budget.
      Other Revenue – Revenue for Building and Plumbing, The J, Local Laws, Waste
        Management and Fleet ahead of budget. However, Community Properties and Local Laws
        charges are slightly below budget.
      Operating Grants, Subsidies and Contributions – Operational grants of $1.2 million (23.9%)
        are tracking slightly above YTD budget. Community Development grant for the Sport and
        Active Recreation Plan of $66k (not budgeted), Library grant for $25k (make a space
        Cooroy not budgeted), Local Laws trainee subsidy of $13k (not budgeted) and Noosa
        Community Support funding also $12k ahead of budget.

Figure 2: Operating Revenue Position by Type (Excluding Rates)
 $2.0
 $1.8
 $1.6
                                     YTD Budget ($m)
 $1.4
                                     YTD Actual ($m)
 $1.2
 $1.0
 $0.8
 $0.6
 $0.4
 $0.2
 $0.0
                                                               Other




                                                                        Grants
              Fees




                          Dividend




                                                         Tax
                                              Interest




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