2016-10-17 General Committee Meeting Notes

GENERAL COMMITTEE MEETING AGENDA                                                        17 OCTOBER 2016


Recurrent Expenditure (YTD Benchmark 25%)

Operating expenditure is currently 25% of the full year budget forecast. Detailed commentary for
each expenditure category appears below:

 Employee Costs – Actuals of $6.5m against the YTD budget of $6.6m and equates to 23% of
   the full year budget.
 Materials and Services – $10.7m (26% of the full year budget) has been expended compared
   to the YTD budget of $10.9m. Year to date variances relate to contract services budgets,
   specifically under expenditure in insurance costs ($40k); Waste operations ($50k); Library
   Services ($33k); and Property & Facilities ($35k). Civil Works is below budget ($62k) which is
   offset by Parks being ahead of budget by $52k (Arborist services).
 Finance Costs – bank merchant fees ($2k) and interest on loans ($11k) are currently below
   the YTD budget.
 Depreciation expenses - in accordance with YTD budget.
 Other Expenses – in accordance with YTD budget.

Figure 3: Recurrent Expenditure Position by Type
 $12

 $10                                                   YTD Budget ($m)

  $8                                                   YTD Actual ($m)


  $6

  $4

  $2

  $0
                         Materials




                                       Finance Costs




                                                                 Depreciation
            Employees




                                                                                Other




Capital Revenue

YTD capital revenue of $1.8m received includes $1.1m of cash contributions from developers,
together with $750k received as grant funding towards capital projects. Note that the timing of the
receipt of developer contributions is unpredictable, with 61% of the full-year budget already
received indicating the current level of development activity in the shire.

Capital Works Program

Actual capital expenditure (excluding commitments) is $3.1 million against the revised full-year
budget of $27 million. Committed expenditure totals a further $0.9 million bringing the total of
actual and committed funds to $4 million (15% of the total program). Detailed discussion of
progress in the delivery of the capital works program is provided through a separate report by the
Infrastructure Planning & Design Manager.



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