2021-09-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                       13 SEPTEMBER 2021


 Category               Summary                                        Comments
 Interest               $54k (8%) of the $670k                              Interest revenues on cash invested will need
 Received               annual budget has been                               ongoing monitoring given low interest rates and
                        earned                                               impacts on term deposit / cash fund rate return
 Other Revenue          $461k (15%) of the $3.1                             Other revenue is in line                  with   budget
                        million budget has been                              expectations at this stage
                        earned
 Operating              $1.5 million (26%) of the $5.8                      Operating grants are in line with budget
 Grants,                million budget has been                              expectations at this stage.
 Subsidies              received                                            50% ($1.2 million) of the financial assistance
                                                                             grant was again prepaid in June 2021 and may
                                                                             impact on Council’s 2021/22 final operating
                                                                             position if the prepayment approach is
                                                                             discontinued by the Australian government.
 Unitywater             On track                                            Unitywater distributions are fixed each year so
 Distributions                                                               little budget variance risk

Figure 2: Operating Revenue Position by Type (Excluding Rates)
                 $2.4
  $2.5

                                                     $1.9                        YTD Budget ($m)
         $1.9
  $2.0                                                                           YTD Actual ($m)
                                              $1.6
                                                                                           $1.5 $1.5
  $1.5


  $1.0


  $0.5                                                      $0.3 $0.3
                                       $0.1                                  $0.2 $0.1                 $0.2 $0.2
                         $0.1
  $0.0
             Charges




                                                                                 Other
                                                             Income




                                                                                             Grants
                                               Goods &




                                                                                                         Unitywater
                                               Services
                                               Sales of




                                                              Rental
                            Interest
             Fees &




                                                                                                          Share of




Operating Expenditure (YTD Benchmark 16.7%)
Actual operating expenditure is currently 16% ($17.2 million) of full year budget ($107.9 million).
Detailed commentary for each expenditure category is provided below.

 Category               Summary                                        Comments
 Employee Costs         $5.2 million (14%) of the                           Under expenditure for permanent staff salaries
                        annual budget of $37.7                               and wages ($779k) partially offset by additional
                        million has been expended                            spend on casual staff and external labour hire
                                                                             ($200k).
 Materials and          $8.5 million (17%) of the                           Development Assessment legal appeals $122k
 Services               $49.3 million annual budget                          below YTD budget (5.6% or $62k of $1.1 million
                        has been expended.                                   budget spent)
                                                                            Holiday Parks $82k above YTD budget (21.8%
                                                                             or $313k of $1.4 million budget spent) – offset
                                                                             by additional revenue
 Finance Costs          On track                                       Nil
 Depreciation           On track                                       Nil
 Other Expenses         On track                                       Nil

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