2015-11-10 Infrastructure & Services Committee Agenda

INFRASTRUCTURE & SERVICES COMMITTEE MEETING REPORT                                       10 NOVEMBER 2015




    Statement of Income and           2015/16             2015/16
           Expenses                   Current              YTD              2015/16         %         YTD
                                      Budget              Budget              YTD         Current   Variance
                                                                            Actuals       Budget
Total Revenue                             268,415             67,104            26,622      9.9%      (40,482)
Total Expenditure                       4,499,531          1,069,686         1,077,177     23.9%       (7,491)
Operating Surplus / (Deficit)         (4,231,116)        (1,002,583)       (1,050,555)                (47,973)


Expenditure Summary
Employee Benefits                         1,929,844             466,808        516,083     26.7%      (49,275)
Materials & Services                        917,421             189,266        146,891     16.0%        42,375
Other Expenses                                  717                 359            356     49.6%             3
Depreciation & Amortization                 274,631              68,658         68,658     25.0%             0
Internal Charges                          1,376,917             344,596        345,190     25.1%         (594)
Total                                     4,499,531           1,069,686      1,077,177                 (7,491)




                          Library Services
 1,500,000
 1,000,000
   500,000
         0
                Total Revenue             Total Expenditure        Operating Surplus /
 (500,000)
                                                                        (Deficit)
(1,000,000)
(1,500,000)
                                2015/16        2015/16
                                YTD            YTD
                                Budget         Actuals


With three months of the 2015/16 financial year complete, the Libraries team budget is $7,491
below the estimated budget position with revenue 15.1% below projections and expenditure 1.1%
less than estimated.

Anticipated revenue is below expected targets as the quarterly payment for the collections grant
was not received by the end of the September as per usual. However general revenue in
Libraries is $8,181 (83%) above estimated targets through increased fee-based programming to
subsidise costs and a focus on recovering charges for lost and damaged library items.

The overspend in employee benefits is primarily due to:
   Two staff taking parental leave;
   Back pay relating to the recent pay increase; and
   Establishment positions being filled until the completion of phase two of the service review.

The underspend in expenditure is primarily due to:
   Grant funding having been received but not yet expended;
   Orders placed in collections but items not yet received; and
   Building and facilities maintenance work commenced but not completed.

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