2021-02-15 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                              15 FEBRUARY 2021


Operating Expenditure (YTD Benchmark 58.3%)
Actual operating expenditure is currently 55% ($54.8 million) of full year budget ($99.9 million).
Detailed commentary for each expenditure category is provided below.
 Category                   Summary                                       Comments
 Employee                   $19.6 million (56%) of the                         Under expenditure for permanent staff salaries
 Costs                      annual budget of $34.8                              and wages ($1.7 million) partially offset by
                            million has been expended                           additional spend on casual staff and external
                                                                                labour hire ($769k) as well as overtime and
                                                                                allowances ($150k)
 Materials and              $23.2 million (52%) of the                         Council buildings and facilities $150k below YTD
 Services                   $44.5 million annual budget                         budget (40% or $419k of $1.0 million budget
                            has been expended                                   spent) – timing of utilities as well as scheduled
                                                                                maintenance and cleaning services
                                                                               Libraries services $74k below YTD budget (40%
                                                                                or $650k of $1.7 million budget spent) – timing of
                                                                                library collection purchases and programs
                                                                               Waste Management costs $71k below YTD
                                                                                budget (56% or $5.5 million of $9.8 million budget
                                                                                spent) – collection bin purchases lower than
                                                                                forecast. Offset by lower revenues
                                                                               Gallery costs $58k below YTD budget (36% or
                                                                                $169k of $467k budget spent) – timing of events
                                                                                and progress of gallery pre-feasibility review
                                                                               Schoolies-related costs $80k unbudgeted – to be
                                                                                addressed at Budget Review 3
                                                                               Development application costs $71k above YTD
                                                                                budget (92% or $194k of $210k budget spent) –
                                                                                offset by additional application revenues
                                                                               Holiday parks $370k above YTD budget (99% or
                                                                                $856k of $861k budget spent) – variable
                                                                                operating costs from parks reopening earlier than
                                                                                budgeted following COVID-19 pandemic related
                                                                                closures - offset by additional revenues
 Finance Costs              On track                                      Nil
 Depreciation               On track                                      Nil
 Other Expenses             On track                                      Nil
Figure 3: Operating Expenditure Position by Type

$25.0                              $23.2 $23.2

            $19.9 $19.6                                                   YTD Budget ($m)
$20.0
                                                                          YTD Actual ($m)
$15.0
                                                                                    $11.1 $11.1
$10.0

 $5.0
                                                    $0.9 $0.8
                                                                                                       $0.1 $0.1
 $0.0
                                                          Finance Costs
                                       Materials




                                                                                        Depreciation
                Employees




                                                                                                          Other




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