2020-03-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                               16 MARCH 2020


 Category              Summary                               Comments
 Interest              $1.1 million (78%) of the                   Interest on overdue rates and charges $86k above
 Received              $1.4 million annual                          YTD budget (82% or $326k of $400k budget
                       budget has been earned                       earned)
                                                                   Investment revenue $67k above YTD budget (76%
                                                                    or $769k of $1.0 million budget earned)
                                                                   Recent downward movements in interest rates will
                                                                    be monitored for any negative impact on the
                                                                    overall interest revenue budget
 Rental and Lease      $1.7 million (77%) of the                   On track
 / Other Revenue       $2.3 million budget has
                       been earned
 Operating             $3.1 million (62%) of the                   50% or $1.1 million of the financial assistance
 Grants,               $5.0 million budget has                      grant was again prepaid in June 2019 and may
 Subsidies             been received                                impact on Council’s 2019/20 final operating
                                                                    position if the prepayment approach is
                                                                    discontinued by the Australian government
                                                                   All other operating grants are in line with budget
                                                                    forecasts at this stage
 Unitywater            On track                                    Unitywater distributions are fixed each year so
 Distributions                                                      little budget variance risk

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

  $7.0                                      $6.5 $6.4

  $6.0
                                                                            YTD Budget ($m)
         $4.8 $4.9
  $5.0                                                                      YTD Actual ($m)

  $4.0
                                                                                    $3.0 $3.1   $2.9 $2.9
  $3.0

  $2.0                               $1.1
                       $0.9                             $0.9 $0.9
  $1.0                                                                 $0.7 $0.8


  $0.0
                                             Goods &




                                                         Income




                                                                           Other
             Charges




                                                                                       Grants




                                                                                                  Unitywater
                                             Services
                                             Sales of




                                                          Rental
                          Interest
             Fees &




                                                                                                   Share of




Operating Expenditure (YTD Benchmark 66.7%)
Actual operating expenditure is currently 63% ($62.8 million) of full year budget ($99.8 million).
Detailed commentary for each expenditure category is provided below.
 Category              Summary                                     Comments
 Employee Costs        $21.0 million (63%) of the                      Under expenditure for permanent staff salaries
                       annual budget of $33.5                           and wages ($2.0 million) partially offset by
                       million has been expended                        additional spend on casual staff and external
                                                                        labour hire ($741k)
                                                                       Employee overtime and allowances $316k
                                                                        above YTD budget (100% or $956k of $953k
                                                                        budget spent) in part due to recent fire events
                                                                       Staff training $34k below budget (32% or
                                                                        $107k of $337k budget spent)

                                                                                                                Page 19 of 29