Meeting papers

GENERAL COMMITTEE MEETING                                                         13 NOVEMBER 2023


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




Operating Expenditure (YTD Benchmark 33.30.0%)
Actual operating expenditure is currently 94.9% ($116.2 million) of full year budget ($122.5
million). Detailed commentary for each expenditure category is provided below.

 Category            Summary                        Comments
 Employee Costs      $15.6 million (31.4%) of the         •   Expenditure for permanent staff salaries
                     annual budget of $49.6                   and wages underspent ($1.5 million) due
                     million has been expended                to position vacancies, partially offset by
                                                              additional spend on casual staff and
                                                              external labour hire ($599.9k).
                                                          •   Training costs $4.4k below budget (16.6%
                                                              or $61.9k of $372.6k annual budget spent)
 Materials and       $19.2 million (31.7%) of the         •   Digital Hub $103.8k above budget (99.7%
 Services            $60.6 million annual budget              or $198.4k of $198.9k annual budget
                     has been expended.                       spent) relates to grant funded project with
                                                              offsetting revenue.
                                                          •   Property and Facility $38.8k below budget
                                                              (30.9% or $1.5 million of $4.9 million
                                                              annual budget spent)
                                                          •   Governance $23.9k above budget (92.6%
                                                              or $839.8k of $906.6k annual budget
                                                              spent)
                                                          •   Building & Facilities $20.7k above budget
                                                              (28.3% or $324.0k of $1.1 million annual
                                                              budget spent)
                                                          •   Information Technology Communications
                                                              $20.1k above budget (37.3% or $1.6
                                                              million of $4.3 million annual budget spent)
                                                          •   Waste Management $117.5k below
                                                              budget (28.7% or $4.3 million of $14.8
                                                              million annual budget spent)
                                                          •   Cemeteries $80.2k below budget (8.9% or
                                                              $28.9k of $325.6k annual budget spent)
 Finance Costs       Currently on track                   •   Whilst existing loan borrowings are set
                                                              with fixed interest rates, any further RBA
                                                              rate rises will impact finance costs on new
                                                              loan borrowings.
 Depreciation        Currently on track             Nil
 Other Expenses      Currently on track             Nil




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