2019-12-10 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                            10 DECEMBER 2019


Operating Expenditure

Council spent $92 million on operating expenditure compared to the budget of $94 million for the
full year (98% spend). A breakdown on each of Council’s expenditure sources is outlined below:

Table 2: Operating Expenditure Performance by Type
Revenue Type                    Budget         Actual         Variance
                                   $m             $m                $m
Employees                        $32.1          $32.0            ($0.1)
Materials                        $42.3          $38.9            ($3.4)
Finance Costs                     $2.3           $5.1              $2.8
Depreciation                     $16.9          $15.8            ($1.1)
Other                             $0.2           $0.2              $0.1
Total                            $93.7          $92.1            ($1.7)
Note: Some rounding


Figure 2: Operating Expenditure Position by Type
 Other
 Depn




                                                  YTD Actual ($m)
                                                  YTD Budget ($m)
 Materials Finance
 Staff




                     $0   $10            $20            $30               $40           $50


Capital Revenue

Recorded capital revenue for Council totalled $7.8m against a budget of $7.4m. A breakdown of
capital revenue items appears in the table below:

Table 3: Capital Revenue Performance by Type
Revenue Type                                      Budget           Actual       Variance
                                                     $m                $m             $m
Cash Contributions                                  $2.0              $2.2           $0.2
Contributed Assets                                  $2.0              $3.6           $1.6
Grants                                              $3.4              $2.9         ($0.5)
Investment Property Revaluation                       $-            ($0.9)         ($0.9)
Total                                               $7.4              $7.8           $0.4
Note: Some rounding


The investment property valuation decrease relates to the annual valuation required for the
Sunrise Shops which is based on a cash flow valuation methodology to comply with accounting
standards. As this is a non-cash movement it is not budgeted nor anticipated each year.

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