2018-02-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                      12 FEBRUARY 2018


Operating Expenditure (YTD Benchmark 58.3%)
Actual operating expenditure is currently 54.3% ($50.5 million) of full year budget ($92.9 million).
Detailed commentary for each expenditure category is provided below:
        Employee Costs – $16.7 million (55.0%) of the annual budget of $30.4 million has been
          expended. Underspend in Salaries and wages ($909k) is offset by spend above budget on
          overtime ($117k) as well as casual staff and external labour hire ($605k). Training and
          study assistance ($136k) is also below YTD budget.
        Materials and Services – $21.4 million (51.9%) of the $41.2 million annual budget has
          been expended. Contract services are below YTD budget ($389k) within a range of areas
          including Economic Development ($124k), Bushland Reserves ($49k), Environment Levy
          ($29k), Waste Collection ($26k) and Community Development ($22k). This is offset by Civil
          Operations materials and services spend above YTD budget ($346k) which includes
          arborist work ($168k), mowing and landscaping ($60k), gravel roads ($75k) and pathways
          ($49k).
        Finance Costs – in accordance with YTD budget.
        Depreciation Expense – in accordance with YTD budget.
        Other Expenses – in accordance with YTD budget.

Figure 3: Operating Expenditure Position by Type
 $25
                                           YTD Budget ($m)
                                           YTD Actual ($m)
 $20

 $15

 $10

     $5

     $0
                                               Finance Costs
                               Materials




                                                               Depreciation
                 Employees




                                                                              Other




Capital Revenue
YTD capital revenue of $1.6 million received comprises cash contributions from developers
($983k) and capital grants ($644k). 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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