2021-06-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                     14 JUNE 2021


 Category               Summary                                        Comments
                                                                        Community Facilities (NAC, NLC and The J)
                                                                          $301k above YTD budget (106% or $2.4 million
                                                                          of $2.2 million budget earned) – Any positive
                                                                          revenue variances that hold through the
                                                                          financial year will be offset in part by additional
                                                                          variable operating costs
                                                                        Waste management disposal fees and sale of
                                                                          recoverable materials $389k above YTD budget
                                                                          (100% or $4.4 million of $4.4 million budget
                                                                          earned)
 Interest               $750k (96%) of the $870k                            Interest revenues on cash invested will need
 Received               annual budget has been                               ongoing monitoring given further recent interest
                        earned                                               rate cuts and impacts on term deposit / cash
                                                                             fund rates
 Unitywater             On track                                       Nil
 Dividend and
 Tax
 Other Revenue          $2.3 million (106%) of the                          Recoupment of Unitywater charges from
                        $2.06 million budget has                             lessees $140k above YTD budget - offset by
                        been earned                                          additional utility charge expenses
                                                                            Commercial lease revenue $229k above YTD
                                                                             budget (112% or $1.0 million of $919k budget
                                                                             earned)
 Operating              $4.8 million (77%) of the $6.2                      50% ($1.2 million) of the financial assistance
 Grants,                million budget has been                              grant was prepaid in May 2020, with the
 Subsidies              received                                             prepayment approach being extended to the
                                                                             2021/22 year and first payment due in June
                                                                             2021
                                                                            All other operating grants are in line with budget
                                                                             expectations at this stage
 Unitywater             On track                                            Unitywater distributions are fixed each year so
 Distributions                                                               there is little budget variance risk

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

$12.0
                                                    $10.5

                                             $9.3
                                                                YTD Budget ($m)           YTD Actual ($m)
$10.0

  $8.0           $6.9
         $6.4

  $6.0
                                                                                          $4.7 $4.8
                                                                                                      $3.8 $3.8
  $4.0

  $2.0                                $0.8                         $1.3
                                                            $1.1             $0.8 $1.0
                        $0.8

  $0.0
             Charges




                                                             Income




                                                                                 Other




                                                                                             Grants
                                              Goods &




                                                                                                        Unitywater
                                              Services
                                              Sales of




                                                              Rental
                           Interest
             Fees &




                                                                                                         Share of




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