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2022-10-24 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 24 OCTOBER 2022
Category Summary Comments
• Development Assessment $95k below YTD
budget (13.6% or $189k of $1.4 million annual
budget spent)
• Council Buildings & Amenities $78k below YTD
budget (14.9% or $159k of $1.0 million annual
budget spent)
• Environmental Services $54k below YTD budget
(15.9% or 535k of $3.4 million annual budget
spent)
• Civil Operations $298k over YTD budget (23.9%
or $2.0 million of $8.4 million annual budget
spent)
• Insurance Costs $43k over YTD budget (99.5% or
$728k of $731k annual budget spent)
Finance Costs Currently on track • Whilst existing loan borrowings are set with fixed
interest rates, any further RBA rate rises will
impact finance costs on new loan borrowings
Depreciation Currently on track • Current inflationary conditions for construction
inputs will continue to impact the value of
Council’s infrastructure assets and depreciation.
The annual asset revaluation cycle will quantify
the financial risk by end of financial year.
Other Expenses Currently on track Nil
Figure 3: Operating Expenditure Position by Type
$16.0
$13.5 YTD Budget ($m)
$14.0 $13.4
YTD Actual ($m)
$12.0
$10.0 $9.2 $9.0
$8.0
$6.0 $4.9 $4.9
$4.0
$2.0
$0.3 $0.3 $0.1 $0.1
$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 September 2022 is outlined below:
Expenditure Annual Budget YTD Budget YTD Actual YTD Variance
$m $m $m
Payment to Tourism Noosa $2.65 $1.26 $1.26 -
Economic Development $1.20 $0.26 $0.25 $0.01
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