2022-05-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     16 MAY 2022


    Category        Summary                   Comments
                                                 that hold through the financial year will be offset
                                                 in part by additional variable operating costs
                                               Waste management sale of recoverable
                                                 materials $521k above YTD budget (132.4% or
                                                 $1.5 million of $1.1 million annual budget
                                                 earned)
                                               Waste disposal fees $137k above YTD budget
                                                 (86.3% or $3.4 million of $4.0 million annual
                                                 budget earned)
                                               Noosa Aquatic Centre revenue $89k above YTD
                                                 budget (91.5% or $1.6 million of $1.7 million
                                                 annual budget earned)
    Interest        $630k (94%) of the           Interest revenues on cash invested will need
    Received        $670k annual budget           ongoing monitoring to ensure returns on surplus
                    has been earned               funds are maximised as investment rates begin
                                                  to increase.
    Other Revenue   $2.4m (77%) of the           Waste sulo bin recoveries from Cleanaway
                    $3.1 million annual           below YTD budget $125k (27.82% or $63k of
                    budget has been               $226k annual budget earned) – correlates to
                    earned                        lower sulo bin purchases
                                                 Holiday Park electricity recoupment below YTD
                                                  budget $98k. No revenue recouped YTD due to
                                                  supplier delays from COVID. Works have now
                                                  commenced, and project is in implementation
                                                  phase.
                                                 Unbudgeted insurance proceeds received $52k
    Operating       $7.9 million (133%) of       $1.4m in Community resilience and disaster
    Grants,         the $5.9 million annual       management grants have been received in
    Subsidies       budget has been               respect to the recent flood event. These funds
                    received                      have been recorded as operational grants until
                                                  the program of works has been finalised.
                                                 Council received $392k from the Black Summer
                                                  Bushfire Recovery Grant program for building
                                                  bushfire     resilience    through    technology
                                                  innovation with $167k allocated for operational
                                                  projects.
                                                 75% of the 2023 financial assistance grant was
                                                  prepaid in April 2022. Historically only 50% of
                                                  this grant is prepaid in June so this may impact
                                                  on Council’s 2022/23 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




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