2019-04-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                          15 APRIL 2019


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 15 April 2019 outlining March 2019 year to date financial performance against
budget.


REPORT
Operating Revenue (YTD Benchmark 75%)
Council has received 94% ($90.0 million) of its operating revenue budget ($96.0 million).
Commentary on each revenue category is provided below.

Category        Summary                          Comments
Rates and       $66.5 million (100%) of the          Overall, rates and levies earned are slightly below
Levies          annual budget of $66.6                 YTD budget, with general rates $77k below budget
                million has been earned                and Tourism Levy $27k below budget
Fees and        $5.4 million (98%) of the $5.5       Building and plumbing application/ search fees
Charges         million annual budget has              $309k above YTD budget (98% or $1.5m of $1.5m
                been earned                            budget earned)
                                                     Local laws fees $228k above YTD budget (101% or
                                                       $1.2 million of $1.2 million budget earned)
                                                     Development related fees $226k above YTD budget
                                                       (95% or $1m of $1.1m budget earned) – offset by
                                                       additional salary and development appeal legal
                                                       costs above YTD budget
                                                     Lions Park holiday period parking revenue $81k
                                                       above budget (202% or $121k of $40k budget
                                                       earned). Partially offset by additional costs
                                                     Cemetery fees $70k above YTD budget (107% or
                                                       $236k of $222k budget earned)
                                                     Waste management temporary bin services $52k
                                                       above YTD budget (437% or $63k of $14k budget
                                                       earned)
Sale of Goods   $7.3 million (83%) of the $8.8       Holiday parks $162k above YTD budget (81% or
and Services    million budget has been                $2.4m of $2.9m budget earned)
                received                             Eumundi Road landfill disposal charges and
                                                       recyclable sales $259k above YTD budget (85% or
                                                       $2.5m of $2.9m budget earned)
Interest        $3.6 million (81%) of the $4.4       Investment revenue $242k above YTD budget (95%
Received        million annual budget has              or $1.3 million of $1.4 million budget earned)
                been earned                          Interest on overdue rates and charges $71k above
                                                       YTD budget (93% or $371k of $400k budget
                                                       earned)
Dividend and    On track                         Nil
Tax
Other           $2.0 million (75%) of the $2.4       Works Operations internal plant hire recoveries
Revenue         million budget has been                $819k (no budget) – offset by internal hire charges
                earned                               Waste Management internal recoveries for landfill
                                                       disposal $46k above YTD budget (307% or $61k of
                                                       $20k budget earned)
                                                     Local laws SPER penalty recoveries $42k above
                                                       YTD budget (113% or $126k of $112k budget
                                                       earned)


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