2020-01-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                       13 JANUARY 2020


Category                 Summary                             Comments
Received                 been earned                            above YTD budget (64% or $256k of $400k
                                                                budget earned)
                                                              Investment revenue $37k above YTD budget
                                                                (59% or $594k of $1.0 million budget earned)
                                                              Recent downward movements in interest rates
                                                                will be monitored over the next few months for
                                                                any negative impact on overall interest
                                                                revenue budget
Other Revenue            $1.2 million (54%) of the $2.3         Waste bin recoupment revenue $34k below
                         million budget has been                  YTD budget (29% or $46k of $158k earned) –
                         earned                                   offset by reduced Cleanaway claim costs
Operating                $2.4 million (48%) of the $5.0         50% or $1.1 million of the financial assistance
Grants,                  million budget has been                  grant was again prepaid in June 2019 and may
Subsidies                received                                 impact on Council’s 2019/20 final operating
                                                                  position if the prepayment approach is
                                                                  discontinued by the Australian government
                                                                All other operating grants are in line with
                                                                  budget forecasts at this stage
Unitywater               On track                               Unitywater distributions are fixed each year so
Distributions                                                     little budget variance risk

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

  $6.0
                                                                             YTD Budget ($m)
                                       $4.8 $4.7                             YTD Actual ($m)
  $5.0
                  $4.3
           $3.7
  $4.0

  $3.0
                                                                                  $2.4 $2.4

  $2.0
                                                                                              $1.4 $1.4

  $1.0                    $0.8 $0.9                $0.7 $0.6      $0.6 $0.6


  $0.0
             Charges




                                                                     Other
                                                   Income




                                                                                    Grants
                                        Goods &




                                                                                                Unitywater
                                        Services
                                        Sales of




                                                    Rental
                            Interest
             Fees &




                                                                                                 Share of




Operating Expenditure (YTD Benchmark 50%)
Actual operating expenditure is currently 47% ($47.1 million) of full year budget ($99.8 million).
Detailed commentary for each expenditure category is provided below.

Category                 Summary                             Comments
Employee Costs           $16.3 million (49%) of the             Under expenditure for permanent staff salaries
                         annual budget of $33.5                   and wages ($1.3 million) partially offset by
                         million has been expended                additional spend on casual staff and external
                                                                  labour hire ($558k)
                                                                Employee overtime and allowances $268k
                                                                  above YTD budget (80% or $758k of $953k
                                                                  budget spent) in part due to recent fire events
                                                                Staff training $28k below budget (24% or $81k
                                                                  of $337k budget spent)

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