2021-11-15 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                 15 NOVEMBER 2021


    Category               Summary                                 Comments
                                                                    Community Facilities (NAC, NLC and The J)
                                                                      $216k above YTD budget (34% or $889k of
                                                                      $2.6 million budget earned) – offset by higher
                                                                      operating costs
    Interest               $248k (37%) of the $670k                   Interest revenues on cash invested will
    Received               annual budget has been                      continue to be monitored given low interest
                           earned                                      rates and impacts on term deposit / cash
                                                                       fund rate returns
    Other Revenue          $890k (29%) of the $3.1                    Other revenue is in line with budget
                           million budget has been                     expectations at this stage
                           earned
    Operating              $2.1 million (37%) of the $5.8             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
    Distributions                                                      so little budget variance risk

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

     $4.5                                        $4.2                       YTD Budget ($m)
                    $3.8
     $4.0
                                                                            YTD Actual ($m)
     $3.5
                                          $3.1
            $2.7
     $3.0
     $2.5
                                                                                     $2.1 $2.2
     $2.0
                                                                                                    $1.6 $1.6
     $1.5
     $1.0
                                                        $0.5 $0.6
                            $0.3 $0.2                                  $0.3 $0.3
     $0.5
     $0.0
                                           Goods &




                                                         Income




                                                                           Other




                                                                                        Grants
                Charges




                                                                                                      Unitywater
                                           Services
                                           Sales of




                                                          Rental
                               Interest
                Fees &




                                                                                                       Share of




   Operating Expenditure (YTD Benchmark 33.33%)
   Actual operating expenditure is currently 32% ($34.8 million) of full year budget ($107.9
   million). Detailed commentary for each expenditure category is provided below.

    Category               Summary                                 Comments
    Employee Costs         $12.5 million (33%) of the                 Under expenditure for permanent staff
                           annual budget of $37.7                      salaries and wages ($1.1 million) partially
                           million has been expended                   offset by additional spend on casual staff and
                                                                       external labour hire ($656k)
    Materials and          $15.4 million (31%) of the                 Waste Management $324k below YTD
    Services               $49.3 million annual budget                 budget (29.6% or $3.3 million of $11.1 million
                           has been expended.                          budget spent)


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