2014-05-26 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                  26 MAY 2014


    Other Income – minor reallocations;
    Operating Grants – adjustments to recognise the additional operational grant for the
     Respite Centre and Home Assist. This increased revenue has generally been offset by
     increased expenditure allocations;
    Contributions and Donations – budget correction to recognise revenue not originally
     included in the budget.

2.   Operating Expenses
    Employee Benefits – budgets reallocated from materials and services to fund shortfalls in
     actual costs, as previously identified to Council;
    Materials and Services – generally budgets have been adjusted to cater for reallocations to
     fund employee cost shortfalls, and the increased scope of capital works undertaken.
     Further adjustments have been made to cater for the Noosa Council business model for
     fleet and stationery charges;
    Depreciation – adjusted to reflect new assets at the Eumundi Road landfill site not yet
     commissioned, and overstated depreciation in various other asset classes;
    Other Expenses - reduction in this line item to recognise savings and to fund adjustments
     elsewhere.

3.   Capital Works
    There have been changes to reflect the anticipated delivery of the current program, and to
     accommodate an increased scope of works for the ICT project.


Previous Council Consideration
The original budget was adopted by resolution of Council at the meeting held 2 January 2014.


Finance & Risk
There are still some risks around a number of budget elements, including net rates and charges
(dependent upon the level of prepaid rates received by 30 June); operating grants from the
Commonwealth Government; and finalisation of the transfer of assets and cash from Sunshine
Coast Regional Council. All areas of the budget will be monitored and any issues will be
reported to Council as they arise.

CONSULTATION
External Consultation - Community & Stakeholder
Nil.


Internal Consultation
Extensive consultation has occurred with all areas of the organisation in the budget review
undertaken.




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