2020-06-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                           15 JUNE 2020


Category           Summary                          Comments
Fees and           $5.9 million (89%) of the $6.7      Cemetery fees $67k above YTD budget (121%
Charges            million annual budget has            or $276k of $229k budget earned)
                   been earned                         Plumbing application fees $60k above YTD
                                                        budget (99% or $966k of $971k budget earned)
                                                       Building application and compliance fees $81k
                                                        below YTD budget (81% or $588k of $730k
                                                        budget spent)
                                                       Land use permits $124k below YTD budget
                                                        (65% or $267k of $410k earned) – relief
                                                        provided to businesses and community groups
                                                        impacted through closure from COVID-19
                                                        pandemic
                                                       Development related fees $137k below YTD
                                                        budget (82% or $1.3 million of $1.6 million
                                                        budget earned)
Sale of Goods      $7.9 million (78%) of the           Waste management disposal fees and
and Services       $10.1 million budget has             recyclable sales $87k below YTD budget (88%
                   been received                        or $3.8 million of $4.3 million budget earned) –
                                                        Waste disposal restrictions in place due to the
                                                        COVID-19 pandemic will impact on disposal
                                                        revenues and potentially recyclable sales
                                                       Community Facilities (NAC, NLC and The J)
                                                        $307k below YTD budget (74% or $1.9 million
                                                        of $2.5 million budget earned) – Facility
                                                        closures due to the COVID-19. Extent of impact
                                                        through to 30 June will be monitored with
                                                        planned easing of restrictions and partial
                                                        reopening of facilities
                                                       Holiday Park sales $673k below YTD budget
                                                        (68% or $2.1 million of $3.1 million budget
                                                        earned) – Park closures due to the COVID-19
                                                        pandemic will result in full year revenue shortfall
                                                        of approximately $1 million with closures to
                                                        remain in place through to mid-June 2020
Interest           $1.5 million (104%) of the          Interest on overdue rates and charges $101k
Received           $1.4 million annual budget           above YTD budget (115% or $461k of $400
                   has been earned                      budget earned)
                                                       Investment interest revenue $57k above YTD
                                                        budget (100% or $1.0 million of $1.0 million
                                                        budget earned)
                                                       Continued downward movements in interest
                                                        rates and COVID-19 pandemic cash flow
                                                        impacts are being monitored for any negative
                                                        impact on the overall interest revenue budget
Rental and Lease   $2.1 million (86%) of the $2.3      Rental and lease revenue budgets will be
/ Other Revenue    million budget has been              impacted by the COVID-19 pandemic, with relief
                   earned                               provided to tenants and lessees due to facility
                                                        and business closures
                                                       A full year budget shortfall of approximately
                                                        $340k is expected with business rent relief
                                                        provided through to June, and should facility
                                                        closures remain in place through to June 2020




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