2021-08-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                         16 AUGUST 2021


 Category               Summary                                        Comments
 Interest               $30k (5%) of the $670k                              Interest revenues on cash invested will need
 Received               annual budget has been                               ongoing monitoring given low interest rates and
                        earned                                               impacts on term deposit / cash fund rate return
 Unitywater             On track                                       Nil
 Dividend and
 Tax
 Other Revenue          $256k (9%) of the $2.9                              Other revenue is in line                          with   budget
                        million budget has been                              expectations at this stage
                        earned
 Operating              $887k (16%) of the $5.4                             Operating grants are in line with budget
 Grants,                million budget has been                              expectations at this stage.
 Subsidies              received                                            50% ($1.2 million) of the financial assistance
                                                                             grant was again prepaid in June 2021 and may
                                                                             impact on Council’s 2021/22 final operating
                                                                             position if the prepayment approach is
                                                                             discontinued by the Australian government.
 Unitywater             On track                                            Unitywater distributions are fixed each year so
 Distributions                                                               little budget variance risk
                                                                            Unitywater have advised that distributions will
                                                                             not change due to any COVID-19 impacts on its
                                                                             financial position

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

  $1.4
                 $1.2
  $1.2                                                                           YTD Budget ($m)
         $1.0
                                                     $1.0                        YTD Actual ($m)
  $1.0                                                                                                $0.9

  $0.8                                        $0.7
                                                                                          $0.7

  $0.6

  $0.4

  $0.2                                                      $0.2 $0.2
                                       $0.0                                  $0.1 $0.1
                         $0.0                                                                                $-          $-
  $0.0
                                                                                 Other
             Charges




                                                             Income




                                                                                             Grants
                                               Goods &




                                                                                                                  Unitywater
                                               Services
                                               Sales of




                                                              Rental
                            Interest
             Fees &




                                                                                                                   Share of




Operating Expenditure (YTD Benchmark 8.3%)

Actual operating expenditure is currently 7% ($7.4 million) of full year budget ($106.3 million).
Detailed commentary for each expenditure category is provided below.

 Category               Summary                                        Comments
 Employee Costs         $2.5 million (7%) of the                            Under expenditure for permanent staff salaries
                        annual budget of $37.7                               and wages ($499k) partially offset by additional
                        million has been expended                            spend on casual staff and external labour hire
                                                                             ($71k).




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