2022-10-24 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                  24 OCTOBER 2022


 Category              Summary                     Comments
 Interest              $804k (92.4%) of the        •       Interest revenues are tracking above budget YTD
 Received              $870k annual budget                 following the investment of surplus cash into higher
                       has been earned                     yielding term deposits.
 Other Revenue         $609k (21.6%) of the        •       Other revenue is in line with budget expectations at this
                       $2.8 million annual                 stage
                       budget   has   been
                       earned
 Operating             $972k (19.2%) of the        •       Operating Grants and subsidies are slightly above YTD
 Grants,               $5.1 million annual                 budget expectations due to the receipt of a QRA Local
 Subsidies             budget   has   been                 Economic Recovery Grant, Queensland Arts
                       received                            Showcase Program Grant and Public Health Network
                                                           Grant.
                                                   •       75% ($1.9 million) of the financial assistance grant was
                                                           prepaid in June 2022 and 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 little
 Distributions                                             budget variance risk


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

  $4.0
                                            $3.4
                                                                          YTD Budget ($m)
  $3.5
                                                                          YTD Actual ($m)
                                     $2.8
  $3.0   $2.6
                $2.5
  $2.5
  $2.0
  $1.5
                              $0.8                                                       $1.0
  $1.0                                                                            $0.8

                       $0.3                        $0.4 $0.4
  $0.5                                                               $0.2 $0.2
                                                                                                $0.3 $0.3

  $0.0
                                                       Income




                                                                         Other
             Charges




                                                                                     Grants




                                                                                                   Unitywater
                                      Goods &
                                      Services
                                      Sales of




                                                        Rental
                          Interest
             Fees &




                                                                                                    Share of




Operating Expenditure (YTD Benchmark 25.0%)
Actual operating expenditure is currently 23.0% ($27.7 million) of full year budget ($119.1 million).
Detailed commentary for each expenditure category is provided below.

 Category              Summary                                   Comments
 Employee Costs        $9.0 million (21.3%) of the               •   YTD under expenditure for permanent staff
                       annual budget of $42.3 million                salaries and wages ($504k) due to position
                       has been expended                             vacancies, partially offset by additional spend on
                                                                     casual staff and external labour hire ($340k).
                                                                 •   Training costs $19k under YTD budget (17.0% or
                                                                     $63k of $374k annual budget spent)
 Materials and         $13.4 million (24.0%) of the              •   Waste Management $104k below YTD budget
 Services              $55.7 million annual budget                   (23.2% or $3.0 million of $13.1 million annual
                       has been expended.                            budget spent)


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