2022-11-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                              14 NOVEMBER 2022


 Category              Summary                     Comments
 Interest              $1.2 million (139.4%)              Interest revenues are tracking above budget YTD
 Received              of the $870k annual                 following the investment of surplus cash into higher
                       budget has been                     yielding term deposits.
                       earned
 Other Revenue         $850k (30.2%) of the               Other revenue is in line with budget expectations at this
                       $2.8 million annual                 stage
                       budget has been
                       earned
 Operating             $1.2 million (23.2%) of            Operating Grants and subsidies are slightly above YTD
 Grants,               the $5.1 million annual             budget expectations due to the receipt of a QRA Local
 Subsidies             budget has been                     Economic Recovery Grant, Queensland Arts
                       received                            Showcase Program Grant and Public Health Network
                                                           Grant.
                                                          75% ($1.9 million) of the financial assistance grant was
                                                           prepaid in June 2022 and may impact on Council’s
                                                           2022/23 final operating position if the prepayment
                                                           approach is discontinued by the Australian
                                                           government.
 Unitywater            On track                           Unitywater distributions are fixed each year so little
 Distributions                                             budget variance risk


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

  $5.0
                                            $4.5                          YTD Budget ($m)
  $4.5                               $4.0
                                                                          YTD Actual ($m)
  $4.0
  $3.5   $3.2 $3.5

  $3.0
  $2.5
  $2.0
  $1.5                        $1.2
                                                                                 $1.0 $1.2
                                                                                              $0.9 $1.0
  $1.0                                             $0.6 $0.5
                       $0.4
  $0.5                                                               $0.3 $0.3
  $0.0
             Charges




                                                                         Other
                                                       Income




                                                                                     Grants




                                                                                               Unitywate
                                      Goods &
                                      Services
                                      Sales of




                                                        Rental
                          Interest
             Fees &




                                                                                               Share of

                                                                                                   r




Operating Expenditure (YTD Benchmark 33.3%)
Actual operating expenditure is currently 31.9% ($37.9 million) of full year budget ($119.1 million).
Detailed commentary for each expenditure category is provided below.

 Category              Summary                                   Comments
 Employee Costs        $13.5 million (31.8%) of the                 YTD under expenditure for permanent staff
                       annual budget of $42.3                        salaries and wages ($979.6k) due to position
                       million has been expended                     vacancies, partially offset by additional spend on
                                                                     casual staff and external labour hire ($580.1k).
                                                                    Training costs $23.3k under YTD budget (21.4%
                                                                     or $80.2k of $374.0k annual budget spent)
 Materials and         $17.4 million (31.3%) of the                 Civil Operations $493.4k over YTD budget
 Services              $55.7 million annual budget                   (35.9% or $3.0 million of $8.4 million annual
                       has been expended.                            budget spent)


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