Financial Performance Report – November 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                    11 DECEMBER 2023


 Category            Summary                 Comments
                                                   position if the prepayment approach is
                                                   discontinued by the Australian government.
 Unitywater          On track                   • Unitywater distributions are fixed each year so
 Distributions                                     there is limited budget variance risk


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




Operating Expenditure (YTD Benchmark 41.7%)
Actual operating expenditure is currently 39.3% ($52.3 million) of full year budget ($133.2
million). Detailed commentary for each expenditure category is provided below.
 Category            Summary                        Comments
 Employee Costs      $19.2 million (38.8%) of the      •   Expenditure for permanent staff salaries
                     annual budget of $49.6                and wages underspent ($1.7m) due to
                     million has been expended             position vacancies, partially offset by
                                                           additional spend on casual staff and
                                                           external labour hire ($745.2k).
                                                       •   Training costs $28.2k under budget
                                                           (22.3% or $82.9k of $372.6k annual
                                                           budget spent)
 Materials and       $23.4 million (38.7%) of the      •   Digital Hub $111.1k above budget
 Services            $60.6 million annual budget           (109.8% or $218.4k of $198.9k annual
                     has been expended.                    budget spent) relates to grant funded
                                                           project with offsetting revenue.
                                                       •   Governance $72.5k above budget (98.1%
                                                           or $889.8k of $906.6k annual budget
                                                           spent)
                                                       •   Development Assessment $68.9k above
                                                           budget (60.1% or $813.8k of $1.4 million
                                                           annual budget spent)
                                                       •   Buildings and Facilities $45.6k above
                                                           budget (37.1% or $425.1k of $1.1 million
                                                           annual budget spent)
                                                       •   Civil Operations $220.8k below budget
                                                           (41.03% or $3.8 million of $9.4 million
                                                           annual budget spent)
                                                       •   Waste Management $170.4k below
                                                           budget (36.2% or $5.3 million of $14.8
                                                           million annual budget spent)