2017-10-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    16 OCTOBER 2017


Operating Expenditure (YTD Benchmark 25.0%)

Actual operating expenditure is currently 24.4% ($22.2 million) of full year budget ($92.2 million).
Detailed commentary for each expenditure category is provided below:

 Employee Costs – $6.7 million (22.0%) of the annual budget of $30.3 million has been spent,
   which is in line with YTD budget.
 Materials and Services – $10.2m (25.1%) of the $40.7 million annual budget has been spent.
   Contract services are below YTD budget ($370k) across a range of areas including Libraries
   and other Community Facilities, Waste Management, Executive Services, Economic
   Development, Community Development, ICT, Fleet, Properties and Facilities as well as
   Infrastructure Planning and Design.
 Finance Costs – in accordance with YTD budget.
 Depreciation Expense – in accordance with YTD budget.
 Other Expenses – actuals $14k ahead of YTD budget (emergency management levy on
   Council properties not budgeted).

Figure 3: Operating Expenditure Position by Type
 $10
                                               YTD Budget ($m)
  $9
                                               YTD Actual ($m)
  $8
  $7
  $6
  $5
  $4
  $3
  $2
  $1
  $0
                                                   Finance Costs
                                 Materials




                                                                     Depreciation
               Employees




                                                                                         Other




Capital Revenue

YTD capital revenue of $698k received comprises cash contributions from developers ($357k)
and capital grants ($342k). Note that the timing of capital grant receipts are generally dependent
on the timing of associated capital expenditure, and that the timing of the receipt of developer
contributions (both cash and contributed) is unpredictable.




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