Meeting papers

GENERAL COMMITTEE MEETING                                                                  20 JANUARY 2025


 Category           Summary                    Comments
                                                  the grant in the preceding year. This prepayment
                                                  approach had been consistent over the past 7 years.
                                               • Council has received notification of the approved FY
                                                  2024/25 financial assistance grant allocation which is
                                                  less than budgeted. As such there is potential for this
                                                  to impact the FY 24/25 operating position if payment
                                                  of future years allocations are not paid in the
                                                  preceding year.

 Unitywater         On track                   •       Unitywater distributions are fixed each year so there is
 Distributions                                         limited budget variance risk


Figure 2: Operating Revenue Position by Type (Excluding Rates)




Operating Expenditure (YTD Benchmark 50.0%)
Actual operating expenditure is currently 47.8% ($67.0 million) of the full year budget ($140.1
million). Detailed commentary for each expenditure category is provided below.

 Category           Summary                        Comments
 Employee Costs     $25.7 million (49.0%) of       •     Expenditure for permanent staff salaries and wages
                    the annual budget of                 underspent ($823.3k) due to position vacancies and
                    $52.6 million has been               recoupment of YTD vacancy dividend. This
                    expended                             underspend is also partially offset by additional spend
                                                         on casual staff and external labour hire ($823.3k).
                                                   •     Training costs are on target (58.9% or $227.3k of
                                                         $386.1k annual budget spent).

 Materials and      $29.1 million (46.7%) of       •     Civil Operations $617.0k above budget (53.9% or
 Services           the $62.4 million annual             $5.1 million of $9.5 million annual budget spent).
                    budget      has    been        •     Holiday Parks $217.0k above budget (58.4% or $1.4
                    expended.                            million of $2.4 million annual budget spent).
                                                   •     Holiday Parks $217.0k above budget (58.4% or $1.4
                                                         million of $2.4 million annual budget spent).
                                                   •     Sustainable Transport above budget (14.8% or
                                                         $141.8k of $962k annual budget spent).
                                                   •     Digital Hub above budget (56.0% or $204.8k of
                                                         365.4k annual budget spent.
                                                   •     Waste Management $313.3 below budget (45.0% or
                                                         $6.6 million of $14.7 million annual budget spent).
                                                   •     Arts & Culture $99.8k below budget (41.3% or $1.1
                                                         million of $2.6 million annual budget spent).




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