2018-11-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                12 NOVEMBER 2018


Item                              Original Budget         BR1       Proposed          BR2
                                                                 Adjustments
Capital Works                          25,103,000   25,866,592     -1,347,515    24,519,077
Bridges                                 2,539,000    2,748,222       114,400      2,862,622
Car Parks                                150,000    150,000                        150,000
Cemeteries                                27,000    27,000                          27,000
Coastal Canals and                       364,000      363,024        -243,024      120,000
Waterways
Commercial Land & Property                            224,182         20,000       244,182
Community Facilities                     792,000      898,748         -57,800      840,948
Corporate Buildings                      780,000      867,037        120,000       987,037
Gravel Road Network                      801,000      957,015        189,000      1,146,015
Holiday Parks                           3,276,000    3,310,497     -1,809,110     1,501,387
Libraries & Galleries                    860,000      641,964        846,925      1,488,889
Parks & Playgrounds                     1,735,000    1,676,580        90,000      1,766,580
Pathways & Boardwalks                   5,893,000    5,803,816       -373,815     5,430,001
Public Amenities                         350,000      377,091        -227,091      150,000
Public Transport Infrastructure          518,000    518,000                        518,000
Sealed Roads Network                    4,210,000    4,544,714       -807,591     3,737,123
Stormwater Drainage                                   141,988        294,000       435,988
Streetscapes and Road                    156,000    156,000                        156,000
Corridors
Transport and Infrastructure            2,538,000    2,346,713       496,591      2,843,304
Management
Waste Management                         114,000    114,000                        114,000
Other Capital                           3,958,000    5,374,163        -78,637     5,295,526
Asset Management                         840,000     1,050,517       -120,000      930,517
Fleet - Plant Replacement               1,098,000    1,998,878        41,363      2,040,241
Information Technology                   770,000    848,371                        848,371
Planning Scheme                         1,250,000   1,476,397                     1,476,397
Grand Total                            29,061,000   31,240,755     -1,426,152    29,814,603

Previous Council Consideration

The 2018/19 original budget was adopted by Council resolution on 6 July 2018 (Ref. Special
Meeting Minutes, 6 July 2018, Item 3, Page 3).

The 2018/19 budget review 1 was adopted by Council resolution on 16 August 2018 (Ref.
Ordinary Meeting Minutes, 16 August 2018, Item 6, Page 12)

Finance
Council’s 2018/19 budgeted financial sustainability ratios will all remain within the benchmark
ranges as per the table below.

Ratio                               Target Original Budget              BR1            BR2
Operating Surplus                  0 – 10%             0.2%            0.0%            0.0%
Net Financial Liabilities            < 60%           (0.4%)            1.9%           (7.4%)
Asset Sustainability                 > 90%           114.6%          120.7%          119.9%


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