2019-04-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                      15 APRIL 2019


Category              Summary                           Comments
                                                         Lease revenue for Sunrise Beach Shops $71k
                                                           below YTD budget (70% or $662k of $946k budget
                                                           earned). Two vacancies currently being negotiated.
Operating             $3.3 million (64%) of the $5.3         Operating grants are in line with budget
Grants,               million budget has been                  expectations at this stage.
Subsidies             received                               50% or $1 million of the financial assistance grant
                                                               was prepaid in June 2018 and may impact on
                                                               Council’s 2018/19 final operating position (if the
                                                               prepayment approach is discontinued by the
                                                               Australian government). This is addressed in the
                                                               budget review.

Figure 2: Operating Revenue Position by Type (Excluding Rates)

  $8.0
                                                                   YTD Budget ($m)
  $7.0
                                                                   YTD Actual ($m)
  $6.0

  $5.0

  $4.0

  $3.0

  $2.0

  $1.0

  $0.0
                                                                    Income




                                                                                 Other
            Charges




                                                                                             Grants
                                                    Goods &
                            Dividend




                                                    Services
                                                    Sales of




                                                                     Rental
                                         Interest
            Fees &




                             & Tax




Operating Expenditure (YTD Benchmark 75%)

Actual operating expenditure is currently 71% ($68.0 million) of full year budget ($96.0 million).
Detailed commentary for each expenditure category is provided below.

Category              Summary                           Comments
Employee              $22.8 million (71%) of the             Under expenditure for permanent staff salaries and
Costs                 annual budget of $32.3                   wages ($2.0 million) partially offset by casual staff,
                      million has been expended                external labour hire ($752k), sick / other leave
                                                               ($529k), allowances, overtime and penalty rates
                                                               ($83k).
                                                             Staff training underspend of $50k YTD (noting that a
                                                               further $58k is committed to suppliers for future
                                                               training)
Materials and         $28.8 million (69%) of the             Waste management contract services $275k below
Services              $41.8 million annual budget              YTD budget (72% or $5.7m of $7.9m budget spent) –
                      has been expended.                       waste collection and landfill operation
                                                             Fleet costs for fuel and tyres $117k below YTD
                                                               budget (57% or $378k of $660k budget spent)




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