2020-06-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                   15 JUNE 2020


 Category                 Summary                                Comments
 Operating                $5.3 million (106%) of the                  50% ($1.2 million) of the 2020/21 financial
 Grants,                  $5.0 million budget has been                 assistance grant was prepaid in advance during
 Subsidies                received                                     May in line with previous years.
                                                                      All other operating grants are in line with budget
                                                                       forecasts at this stage
 Unitywater               On track                                    Unitywater distributions are fixed each year so
 Distributions                                                         little budget variance risk
                                                                      Unitywater have advised that distributions will
                                                                       not change due to any COVID-19 impacts on its
                                                                       financial position

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

 $10.0                                            $9.2
   $9.0
                                                         $7.9
   $8.0                                                                                 YTD Budget ($m)

   $7.0     $6.2                                                                        YTD Actual ($m)
                   $5.9
   $6.0                                                                                                     $5.3
                                                                                                $4.9
   $5.0
                                                                                                                   $3.9 $3.9
   $4.0
   $3.0
                                           $1.5
   $2.0                      $1.3                               $1.2 $1.0
                                                                             $0.9      $1.0
   $1.0
   $0.0
                                                                                    Other
               Charges




                                                                 Income




                                                                                                   Grants
                                                    Goods &




                                                                                                                      Unitywater
                                                    Services
                                                    Sales of




                                                                  Rental
                                Interest
               Fees &




                                                                                                                       Share of



Operating Expenditure (YTD Benchmark 91.7%)
Actual operating expenditure is currently 87% ($87.0 million) of full year budget ($99.8 million).
Detailed commentary for each expenditure category is provided below.

 Category                 Summary                                Comments
 Employee Costs           $30.1 million (90%) of the                  Under expenditure for permanent staff salaries
                          annual budget of $33.5                       and wages ($2.3 million) partially offset by
                          million has been expended                    additional spend on casual staff and external
                                                                       labour hire ($1.0 million)
                                                                      Employee overtime and allowances $350k
                                                                       above YTD budget (129% or $1.2 million of
                                                                       $953k budget spent) in part due to bushfire
                                                                       events
                                                                      Staff training $106k below budget (51% or
                                                                       $173k of $337k budget spent) – impacted on
                                                                       staff travel restrictions due to the COVID-19
                                                                       pandemic




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