2019-12-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                          16 DECEMBER 2019


 Category               Summary                                Comments
                                                                Waste disposal fees $81k below YTD budget (39%
                                                                  or $1.1 million of $2.2 million budget earned).
 Interest               $729k (52%) of the $1.4                    Interest on overdue rates and charges $54k above
 Received               million annual budget has                    YTD budget (54% or $214k of $400k budget
                        been earned                                  earned).
                                                                   Investment revenue $23k above YTD budget (51%
                                                                     or $515k of $1.0 million budget earned).
                                                                   Further downward movements in interest rates will
                                                                     impact on Council’s interest revenue on cash
                                                                     invested, and will be monitored for any overall
                                                                     interest revenue budget implications.
 Other Revenue          $524k (53%) of the $985k                   Sunrise Beach Shops lease revenue $38k below
                        budget has been earned                       YTD budget (37% or $302k of $801k earned)
 Operating              $1.9 million (39%) 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 little
 Distributions                                                       budget variance risk.

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

 $4.5
                                             $3.9 $3.8
 $4.0
                 $3.4
         $3.2                                                              YTD Budget ($m)
 $3.5
                                                                           YTD Actual ($m)
 $3.0
 $2.5
                                                                                                $1.9
 $2.0                                                                               $1.8

 $1.5
                                                                                                       $1.1 $1.1
                                      $0.7
 $1.0                   $0.7                             $0.6 $0.5    $0.5 $0.5
 $0.5
 $0.0
                                                          Income




                                                                          Other
             Charges




                                              Goods &




                                                                                       Grants




                                                                                                         Unitywater
                                              Services
                                              Sales of




                                                           Rental
                           Interest
             Fees &




                                                                                                          Share of




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