2018-06-21 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                                  21 JUNE 2018


Category                    Summary                                 Comments
Materials and               $35.1 million (84%) of the                   Libraries and Galleries $107k below YTD
Services                    $41.7 million annual budget                   budget (78% or $1.5m of $1.7m budget spent)
                            has been expended.                           ICT       maintenance,      licences    and
                                                                          telecommunication charges $121k below YTD
                                                                          budget (81% or $2.8m or $3.3m budget spent)
                                                                         Environmental Services $91k below YTD
                                                                          budget (74% or $706k of $944k budget spent)
                                                                         Fleet and Plant $88k below YTD budget (88%
                                                                          or $2.1m of $2.4m budget spent)
                                                                         Community Development $86k below YTD
                                                                          budget (83% or $1.2m of $1.3m budget spent)
                                                                         Economic Development $78k below YTD
                                                                          budget (94% or $2.7m of $2.9m budget spent)
                                                                         Holiday Park contract services $74k above
                                                                          YTD budget (99% or $1.3m of $1.3m budget
                                                                          spent) – offset by increased holiday parks
                                                                          revenue
                                                                         Development Assessment $209k above YTD
                                                                          budget due to appeal costs (107% or $1.1m of
                                                                          $943k budget spent)
Finance Costs               On track                                Nil
Depreciation                On track however road and                    Interim and final year reporting will include
                            bridge asset revaluations                     revaluation and capitalisation impacts on
                            may have impacts                              depreciation
Other Expenses              On track                                Nil

Figure 3: Operating Expenditure Position by Type

 $40
                                                YTD Budget ($m)
 $35
                                                YTD Actual ($m)
 $30
 $25
 $20
 $15
 $10
  $5
  $0
                                                    Finance Costs
                                    Materials




                                                                             Depreciation
                Employees




                                                                                             Other




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