2021-08-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                 16 AUGUST 2021


 Category                  Summary                                          Comments
 Materials and             $3.1 million (7%) of the $47.7                        Development Assessment legal appeals $87k
 Services                  million annual budget has                              below YTD budget (0.4% or $4k of $1.1 million
                           been expended.                                         budget spent)
                                                                                 Waste Management costs for landfill operation
                                                                                  and waste collection $125k below YTD budget
                                                                                  (7% or $769k of $11.1 million budget spent)
 Finance Costs             On track                                         Nil
 Depreciation              On track                                         Nil
 Other Expenses            On track                                         Nil

Figure 3: Operating Expenditure Position by Type

$5.0                             $4.7 $4.6
                                                                            YTD Budget ($m)
$4.5
$4.0                                                                        YTD Actual ($m)
$3.5
$3.0        $2.6 $2.6
$2.5
$2.0                                                                                   $1.6 $1.6
$1.5
$1.0
$0.5                                                   $0.1 $0.1                                                 $0.0       $-
$0.0
                                                           Finance Costs
                                      Materials




                                                                                          Depreciation
               Employees




                                                                                                                    Other




Tourism and Economic Development Investment
Council resolved to report on a monthly basis investment details for tourism and economic
development. Expenditure as at 31 July 2021 is outlined below. The first instalment payment is due
to Tourism Noosa under the funding agreement in August 2021 following the end of the rates
discount period.
 Expenditure                                      Budget                     YTD               Actual
                                                     $m                    Budget                 $m
                                                                              $m
 Payment to Tourism Noosa                          $2.52                          $0                       $0
 Economic Development                              $0.98                    $0.06                        $0.05
 Total                                             $3.50                    $0.06                        $0.05


Capital Revenue
YTD capital revenue of $2.4 million received comprises cash contributions from developers ($318k)
and capital grants ($2.1 million). Note that the timing of capital grant receipts are generally dependent
on the timing of grant conditions and also capital delivery performance, and that the timing of the
receipt of developer contributions (both cash and contributed) is unpredictable.




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