2019-05-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                             13 MAY 2019


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 13 May 2019 outlining April 2019 year to date financial performance against
budget.


REPORT
Operating Revenue (YTD Benchmark 83%)
Council has received 98% ($93.0 million) of its operating revenue budget ($95.1 million).
Commentary on each revenue category is provided below.

Category        Summary                          Comments
Rates and       $66.5 million (102%) of the          Overall, rates and levies earned are slightly below
Levies          annual budget of $65.2                 YTD budget, with general rates $83k below
                million has been earned                budget and Tourism Levy $32k below budget
Fees and        $5.9 million (93%) of the $6.3       Local laws fees $68k above YTD budget (95% or
Charges         million annual budget has              $1.2 million of $1.3 million budget earned)
                been earned                          Development related fees $68k above YTD
                                                       budget (91% or $1.2 million of $1.4 million budget
                                                       earned) – offset by additional salary and
                                                       development appeal legal costs above YTD
                                                       budget
                                                     Building and plumbing application/ search fees
                                                       $50k above YTD budget (90% or $1.7 million of
                                                       $1.8 million budget earned)
                                                     Waste management temporary bin services $55k
                                                       above YTD budget (306% or $75k of $25k budget
                                                       earned)
Sale of Goods   $8.1 million (87%) of the $9.3       Eumundi Road landfill disposal charges and
and Services    million budget has been                recyclable sales $146k above YTD budget (90%
                received                               or $2.7 million of $3.0 million budget earned)
                                                     Holiday parks $60k above YTD budget (87% or
                                                       $2.7 million of $3.1 million budget earned)
                                                     Noosa Leisure Centre $46k above YTD budget
                                                       (92% or $493k of $536k budget earned)
Interest        $4.4 million (95%) of the $4.6       Investment revenue $125k above YTD budget
Received        million annual budget has              (95% or $1.5 million of $1.6 million budget earned)
                been earned                          Interest on overdue rates and charges $35k above
                                                       YTD budget (93% or $426k of $458k budget
                                                       earned)
Dividend and    On track                         Nil
Tax
Other           $2.2 million (98%) of the $2.2       Works Operations internal plant hire recoveries
Revenue         million budget has been                $360k above YTD budget (167% or $900k of
                earned                                 $540k budget earned) – offset by internal hire
                                                       charges
                                                     Waste Management internal recoveries for landfill
                                                       disposal $49k above YTD budget (329% or $66k
                                                       of $20k budget earned)
Operating       $3.8 million (90%) of the $4.2       Operating grants are in line with budget
Grants,         million budget has been                expectations at this stage.
Subsidies       received


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