2020-02-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                17 FEBRUARY 2020


Category                 Summary                               Comments
                                                                Noosa Aquatic Centre admission and other
                                                                  revenue $22k below YTD budget (53% or
                                                                  $798k of $1.5 million budget earned)
                                                                Waste disposal fees $136k below YTD budget
                                                                  (55% or $2.3 million of $4.3 million budget
                                                                  earned)
Interest                 $928k (66%) of the $1.4                  Interest on overdue rates and charges $54k
Received                 million annual budget has                  above YTD budget (64% or $254k of $400k
                         been earned                                budget earned)
                                                                  Investment revenue $50k above YTD budget
                                                                    (67% or $674k 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            $1.5 million (65%) of the $2.3           On track
                         million budget has been
                         earned
Operating                $2.8 million (57%) 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)

  $7.0
                                        $5.7 $5.6                        YTD Budget ($m)
  $6.0
                                                                         YTD Actual ($m)
                  $4.8
  $5.0
           $4.3

  $4.0

  $3.0                                                                          $2.7 $2.8
                                                                                            $2.1 $2.1
  $2.0
                          $0.8 $0.9                 $0.9 $0.8       $0.6 $0.7
  $1.0

  $0.0
             Charges




                                                                        Other
                                         Goods &




                                                     Income




                                                                                  Grants




                                                                                              Unitywater
                                         Services
                                         Sales of




                                                      Rental
                             Interest
             Fees &




                                                                                               Share of




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