2022-11-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                        14 NOVEMBER 2022


 Category                     Summary                                   Comments
                                                                         ICT Services $55.1k over YTD Budget (32.8% or
                                                                           $1.36 million of $4.1 million annual budget spent)
                                                                         Waste Management $46.0k above YTD budget
                                                                           (31.2% or $4.2 million of $13.1 million annual
                                                                           budget spent)
                                                                         Insurance Costs $42.4k over YTD budget (99.8%
                                                                           or $729.4k of $730.9k annual budget spent)
                                                                         Community Facilities $41.1k over YTD budget
                                                                           (35.6% or $829.0k of $2.3 million annual budget
                                                                           spent)
                                                                         Council Buildings & Amenities $62.3k below YTD
                                                                           budget (21.6% or $230.2k of $1.0 million annual
                                                                           budget spent)
                                                                         Asset Management $59.4k below YTD budget
                                                                           (12.89% or $193.6k of $1.5 million annual budget
                                                                           spent)
                                                                         Environmental Services $46.6k below YTD
                                                                           budget (19.4% or 651.8k of $3.4 million annual
                                                                           budget spent)
                                                                         Property & Facilities $45.0k below YTD budget
                                                                           (29.8% or $1.35 million of $4.5 million annual
                                                                           budget spent)
 Finance Costs                Currently on track                             Whilst existing loan borrowings are set with fixed
                                                                              interest rates, any further RBA rate rises will
                                                                              impact finance costs on new loan borrowings
 Depreciation                 Currently on track                             Current inflationary conditions for construction
                                                                              inputs will continue to impact the value of
                                                                              Council’s infrastructure assets and depreciation.
                                                                              The annual asset revaluation cycle will quantify
                                                                              the financial risk by end of financial year.
 Other Expenses               Currently on track                        Nil

Figure 3: Operating Expenditure Position by Type

$20.0                                                                         YTD Budget ($m)
                                     $17.0 $17.4
$18.0
                                                                              YTD Actual ($m)
$16.0
            $13.9
$14.0                 $13.5

$12.0
$10.0
 $8.0                                                                                $6.6 $6.6
 $6.0
 $4.0
 $2.0                                                                                                   $0.1 $0.1
                                                     $0.4 $0.4
 $0.0
                                                        Finance Costs
                                         Materials




                                                                                         Depreciation
                Employees




                                                                                                           Other




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