2022-05-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                         16 MAY 2022


    Category                   Summary                         Comments
    Finance Costs              On track                        Nil
    Depreciation               On track                        Nil
    Other Expenses             On track                        Nil

   Figure 3: Operating Expenditure Position by Type

    $45.0
                                      $39.0 $38.9                                    YTD Budget ($m)
    $40.0
                                                                                     YTD Actual ($m)
    $35.0
               $30.4 $29.6
    $30.0
    $25.0
    $20.0                                                                                     $16.3 $16.3

    $15.0
    $10.0
     $5.0                                                      $0.9 $0.9                                                 $0.2 $0.2
     $0.0
                                                                     Finance Costs
                                           Materials




                                                                                                  Depreciation
                   Employees




                                                                                                                            Other
   Tourism and Economic Development Investment Summary
   Council resolved to report on a monthly basis, investment details for tourism and economic
   development. Expenditure at 30 April 2022 is outlined below:
    Expenditure                           Annual Budget                 YTD Budget                     YTD Actual         YTD Variance
                                                    $m                         $m                             $m
    Payment to Tourism Noosa                           $2.52                          $2.52                      $2.52                   -

    Economic Development                               $1.06                          $0.84                      $0.53               $0.31

    Total                                              $3.58                          $3.36                      $3.05               $0.31

   All instalments payable under the Tourism Noosa agreement for the 2021-22 financial year
   have been made. Note, the current agreement which was due for renewal at 30 June 2022,
   has been extended for a further 12 months.
   YTD Economic Development expenditure is below budget due to lower employee costs
   ($78k), due the Branch Manager acting as Director of Environment & Sustainable
   Development for part of the financial year and vacancies in the branch. This has also
   impacted timing for delivery of initiatives under the Local Economic Plan ($192k).
   Tourism and economic development activity is funded through the general rate, with 5.8% of
   the annual general rate committed towards tourism and economic development. Should
   actual general rate revenue fall below budget, this does not impact Council’s contractual
   commitment to fully fund all tourism and economic development activity. Any general rate
   revenue shortfall is funded through other general revenue sources to ensure all planned
   activities are undertaken in full.
   Disaster Recovery Works
   Council continues to assess the remediation works resulting from the February 2022 flood
   event. To date Council has incurred $631k in costs associated with the counter disaster
   operations and immediate emergent works with a further $190k in commitments.


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