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09 Financial Performance Report - Mar 2022
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-1 5 1 1 1 78 1 88 3236 7 5 0 , 5 1 1 1 78 2 273 3212 164 22 41 Mh 5 1 1 1 78 3 570 3203 85 32 24 A 5 1 1 1 78 4 882 3192 80 30 46 wae: 5 1 1 1 78 5 1603 3168 190 33 11 FEE 5 1 1 1 78 6 1809 3151 198 55 37 cay 5 1 1 1 78 7 2289 3160 37 7 37 Sa 4 1 1 1 79 0 280 3179 2151 79 -1 5 1 1 1 79 1 280 3248 2 6 0 : 5 1 1 1 79 2 401 3229 13 8 30 - 5 1 1 1 79 3 512 3234 10 12 0 ‘ 5 1 1 1 79 4 560 3237 34 21 26 Py 5 1 1 1 79 5 654 3230 93 25 38 Tees 5 1 1 1 79 6 910 3207 24 39 34 te 5 1 1 1 79 7 1542 3187 23 45 0 er 5 1 1 1 79 8 1666 3198 29 32 21 ae 5 1 1 1 79 9 1732 3182 46 45 34 vate 5 1 1 1 79 10 1797 3191 45 34 13 es 5 1 1 1 79 11 1896 3198 6 5 14 os 5 1 1 1 79 12 1951 3210 7 5 0 : 5 1 1 1 79 13 1997 3186 31 13 65 a 5 1 1 1 79 14 2053 3182 93 37 53 wae 5 1 1 1 79 15 2329 3181 26 21 9 ms 5 1 1 1 79 16 2389 3179 42 28 23 ps 4 1 1 1 80 0 559 3208 1902 81 -1 5 1 1 1 80 1 559 3276 2 13 0 , 5 1 1 1 80 2 703 3249 55 17 30 eth 5 1 1 1 80 3 783 3243 58 25 0 on 5 1 1 1 80 4 860 3249 117 27 0 fae. 5 1 1 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Page 2
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
10 FINANCIAL PERFORMANCE REPORT – MARCH 2022
Author Financial Services Manager (Acting), Pauline Coles
Corporate Services Department
Index ECM/ Subject / 22.09 – Monthly Financial Performance Report
Attachments 1. Statement of Income and Expenditure (Profit & Loss and Capital)
2. Statement of Financial Position
3. Statement of Cash Flows
4. Summary of Materials and Services Expenditure
EXECUTIVE SUMMARY
Year-to-date (YTD) performance against current budget as at 31 March 2022 is positive with
operating revenues outperforming forecast and operating expenditure below budget. Capital
revenues are in line with forecast however capital expenditure is behind budget due to impacts on
project delivery from the recent flood event as well as staff resource constraints and supply chain
delays.
YTD Financial Performance Summary
Budget Actual Variance Variance
Status
$m $m $m %
Operating Revenue $99.6 $103.2 $3.6 3.6% Above Budget
Operating Expense $78.3 $77.8 $0.5 0.6% On Track
Operating Position $21.4 $25.5 $4.1 19.1%
Capital Revenue $13.1 $13.4 $0.3 2.0% On Track
Capital Expenditure* $31.2 $23.9 $7.3 23.5% Below Budget
* Reflects constructed assets and intangibles only (excludes contributed)
Financial statements including Statement of Income & Expenditure, Statement of Financial
Position (balance sheet), and Statement of Cash Flows are included as attachments for information
for Council.
Figure 1: Actual Performance Compared to Budget
$120
$99.6 $103.2
$100
$78.3 $77.8
$80
$60
$40
$20
$-
Operating Revenue Operating Expenditure
YTD Budget ($m) YTD Actual ($m)
Page 3
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Council’s performance against key measures of financial sustainability has been calculated as at
March 2022. These indicators enable the reader to assess Council’s success in managing its
budget, cash and debt as well as undertaking sustainable asset management. The table below
contains a snapshot of a number of key measures, with full detail included in the report.
YTD Measures of Financial Sustainability
Current
Target Actual YTD Status
Budget
Operating Surplus Ratio 0-10% -0.6% 24.7% Above Target
Net Financial Liabilities Ratio <60% -12.7% -50.1% Above Target
Cash Cover Ratio 3 months 8.8 months 13.4 months Above Target
Asset Sustainability Ratio > 90% 130.1% 64.2% Below Target
RECOMMENDATION
That Council note the report by the Financial Services Manager (Acting) to the General Committee
Meeting dated 19 April 2022 outlining March 2022 year to date financial performance against
budget, including changes to the financial performance report with the inclusion of key financial
sustainability indicators.
REPORT
Operating Revenue (YTD Benchmark 75%)
Council has received 94% ($103.2 million) of its operating revenue budget ($109.6 million).
Commentary on each revenue category is provided below.
Category Summary Comments
Rates and Levies $74.9 million (100%) of • Waste utility charges $360k above YTD budget (102%
the annual budget of or $13.5 million of $13.2 million annual budget earned)
$74.8 million has been • General rate (net of discounts) $153k below YTD
earned budget (100% or $56.1 million of $56.2 million annual
budget earned)
Fees and $7.1 million (86%) of • Plumbing application fees $132k above YTD budget
Charges the $8.2 million annual (94% or $1.2 million of $1.3 million annual budget
budget has been earned)
earned • Local Laws fees $72k above YTD budget (86% or
$1.35 million of $1.6 million annual budget earned) –
offset by corresponding additional staff costs
• Property and Facility fees $129k above YTD budget
(98% or $401k of $408k annual budget earned)
• Development assessment fees $184k above YTD
budget (83% or $2.0 million of $2.4 million annual
budget earned)
Sale of Goods $9.6 million (87%) of • Holiday Park sales $530k above YTD budget (92% or
and Services the $11.1 million $2.8 million of $3.1 million annual budget earned) –
annual budget has Positive revenue variances that hold through the
been received financial year will be offset in part by additional variable
operating costs
• Waste management sale of recoverable materials
$446k above YTD budget (120% or $1.4 million of $1.1
million annual budget earned)
• Waste disposal fees $105k above YTD budget (76% or
$3.1 million of $4.0 million annual budget earned)
Page 4
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Category Summary Comments
• Noosa Aquatic Centre revenue $66k above YTD
budget (83% or $1.4 million of $1.7 million annual
budget earned)
Interest $580k (87%) of the • Interest revenues on cash invested will need ongoing
Received $670k annual budget monitoring to ensure returns on surplus funds are
has been earned maximised as investment rates begin to increase.
Other Revenue $2.2m (72%) of the • Waste bin sales below YTD budget $106k (28% or
$3.1 million annual $63k of $226k annual budget earned) – offset by lower
budget has been number of bin purchases
earned • Holiday Park electricity recoupment below YTD budget
$88k. No revenue recouped due to delays in work to
install electricity meters, which will be complete by year
end
Operating $5.7 million (96%) of • $1.4m in Community resilience and disaster
Grants, the $5.9 million annual management grants have been received in respect of
Subsidies budget has been the recent flood event
received • 50% ($1.2 million) of the financial assistance grant was
again prepaid in June 2021 and may impact on
Council’s 2021/22 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)
$12.0
$9.6 YTD Budget ($m)
$10.0
$8.4 YTD Actual ($m)
$8.0
$7.1
$6.4
$5.7
$6.0
$4.2
$4.0 $3.1 $3.1
$2.0 $1.5 $1.5
$0.5 $0.6 $0.8 $0.8
$0.0
Charges
Other
Income
Grants
Goods &
Unitywater
Services
Sales of
Rental
Interest
Fees &
Share of
Operating Expenditure (YTD Benchmark 75%)
Actual operating expenditure is currently 71% ($77.8 million) of full year budget ($110.1 million).
Detailed commentary for each expenditure category is provided below.
Page 5
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Category Summary Comments
Employee Costs $26.7 million (70%) of the • YTD under expenditure for permanent staff
annual budget of $38.1 million salaries and wages ($2.8 million) due to position
has been expended vacancies, partially offset by additional spend on
casual staff and external labour hire ($1.2 million).
• Training costs $87k below YTD budget (31.7% or
$105k of $332k annual budget spent)
Materials and $35.3 million (69%) of the • Environment Services costs $320k below YTD
Services $51.1 million annual budget budget (32% or $1.15 million of $3.6 million
has been expended. annual budget spent) – COVID-19 impacts on
staff have delayed project delivery YTD.
• Libraries & Galleries $165k below YTD budget
(53% or $961k of $1.8 million annual budget
spent) – timing of heritage programs and
contracted services
• Waste Management operating contracts $154k
below YTD budget (72% or $8.1 million of $11.3
million annual budget spent)
• Asset management investigations $96k below
YTD budget (27% or $286k of $1.1 million annual
budget spend)
• Holiday Parks $492k above YTD budget (101% or
$1.7 million of $1.6 million annual budget spent) –
offset by additional revenue
• Civil Operations $233k above YTD budget (79%
or $3.2 million of $4.1 million annual budget
spent). This variance relates predominately to
flood remediation works undertaken to date and
will be funded via disaster recovery grants
Finance Costs On track Nil
Depreciation On track Nil
Other Expenses On track Nil
Figure 3: Operating Expenditure Position by Type
$40.0
$35.1 $35.4 YTD Budget ($m)
$35.0
YTD Actual ($m)
$30.0 $27.5 $26.7
$25.0
$20.0 $14.7 $14.7
$15.0
$10.0
$5.0 $0.8 $0.9 $0.2 $0.2
$0.0
Finance Costs
Materials
Depreciation
Employees
Other
Page 6
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Expenditure at 31 March 2022 is outlined below:
Expenditure Annual Budget YTD Budget YTD Actual YTD Variance
$m $m $m
Payment to Tourism Noosa $2.52 $2.52 $2.52 -
Economic Development $1.06 $0.73 $0.50 $0.23
Total $3.58 $3.25 $3.02 $0.23
All instalments payable under the Tourism Noosa agreement for the 2021-22 financial year have
been made. Note, the current agreement which was due for renewal at 30th June 2022 has been
extended for a further 12 months.
YTD Economic Development expenditure is below budget due to lower employee costs ($68k),
due the Branch Manager acting as Director of Environment & Sustainable Development for part of
the financial year and vacancies in the branch. This has also impacted timing for delivery of
initiatives under the Local Economic Plan ($154k).
Tourism and economic development activity is funded through the general rate, with 5.8% of the
annual general rate committed towards tourism and economic development. Should actual general
rate revenue fall below budget, this does not impact Council’s contractual commitment to fully fund
all tourism and economic development activity. Any general rate revenue shortfall is funded
through other general revenue sources to ensure all planned activities are undertaken in full.
Legal Cost Summary
An update on legal costs and associated expenditure is provided on a quarterly basis.
Expenditure as at 31 March 2022 is outlined below.
Legal Cost (inc consultancy) over time
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
FY14 ACT FY15 ACT FY16 ACT FY17 ACT FY18 ACT FY19 ACT FY20 ACT FY21 ACT FY22 ACT FY22 BR2
Budget Full Year Actual YTD Mar Actual Full Year
Legal Costs (inc consultancy) by Department - 5 year trend
$2,000,000
$1,500,000
$1,000,000
$500,000
$-
CEO's Office Community Corporate Environment & Executive Infrastructure
Services Services Planning Services Services
FY18 ACT FY19 ACT FY20 ACT FY21 ACT YTD 22 ACT
Page 7
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Legal and associated costs are $90k above YTD budget (61% or $1.3 million of $2.2 million of
annual budget spent). This variance is due largely to costs associated with the Kin Kin Quarry
action.
Disaster Recovery Works
Council is still in the process of assessing the remediation works resulting from the February 2022
flood event. To date Council has incurred $460k in costs associated with the counter disaster
operations and immediate emergent works with further works and assessments ongoing.
An external contractor has been engaged to assess and quantify the damage to infrastructure and
other Council assets and we are yet to receive their report outlining the works required.
$1.39 million in disaster recovery funding has already been received and additional funding will be
sought once assessments are completed and the program of works finalised.
Capital Revenue
YTD capital revenue of $12.8 million received comprises cash contributions from developers ($1.9
million) and capital grants ($10.8 million). Note that the timing of capital grant receipts are generally
dependent on the timing of grant conditions and also capital delivery performance, and that the
timing of the receipt of developer contributions (both cash and contributed) is unpredictable.
Figure 4: Capital Revenue by Type
$12.0 $10.8
$10.3
YTD Budget ($m)
$10.0
YTD Actual ($m)
$8.0
$6.0
$4.0
$1.6 $1.9
$2.0 $1.2 $0.7
$0.0
Contributions
Contributed
Subsidies
Grants /
Assets
Cash
Capital Program
Actual capital expenditure (excluding commitments) is $23.9 million (YTD budget $31.2 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate quarterly report by the Asset Planning Manager.
Page 8
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022 Figure 5: Capital Program Delivery Performance Cash Management and Investment Performance Total cash on hand at the end of March was $100.2 million. Included in this balance are funds held in trust and for restricted purposes (e.g. unexpended levy and grant funds), prepaid grants including the financial assistance grant and other capital works grants, January rates payments received, and unspent monies committed for funding capital projects which are underway and will continue during the financial year. The following pie charts present the mix of cash held at March 2022 by agency (graph on the left) and by credit risk rating (graph on the right). All funds have been invested in accordance with the Investment Policy and in consideration of the principles of ethical investment, preservation of capital, return on investment and counterparty thresholds. Figure 6: Closing Cash Held by Agency and Credit Rating The following chart monitors the 12 month trend on total cash and the agencies invested. Payments received in February from bi-annual rates generated a significant increase in cash, which have and will be invested in short term QTC deposits in line with Council’s Investment Policy. The QTC cash rate currently offers the best available short term investment rate when compared to rates being offered by the commercial institutions.
Page 9
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Figure 7: 12 Month Trend of Cash Invested by Agency
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
-
Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding
performance noting the early stage of the financial year.
Category Comments
Operating Surplus Ratio • Intent: Identifies the extent to which
90% 82.6% revenues cover operational
80% expenses, to ensure community
70% 60.9% equity is not degraded
60% • Target: 0 – 10%
44.5%
50%
39.0% • Result: 24.7%
40% 30.5% 30.8%
30% 24.7% • Comment: The ratio is at the second
18.3%
20% peak for the year following the issue
8.3%
10% of rates and levies in January. This
0% ratio will slowly decline as
-10% expenditure on operations occurs
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun through to the end of the financial
year at 30 June 2022.
Actual Budget Target
Cash Expense Cover • Intent: Indicates how long council
16.0 can continue paying its day-to-day
14.2
13.4 expenses from cash at bank without
Months (Cash to Cover Operations)
14.0 12.8 12.5
11.6 11.9 11.8 needing additional cash flows
12.0 10.9 10.8 11.2
10.1 10.4 • Target: > 3 months
10.0
• Result: 13.4 months
8.0
• Comment: Council is forecast to
6.0
remain above target for the financial
4.0
year. Business as usual expenditure
2.0 through to 30 June 2022 will continue
- - - - - - - - - - - - - to diminish Council’s cash holdings,
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar albeit not below the target range of 3
Actual Minimum (>0 months) – 6 months.
Target (3 months) Maximum (6 months)
Page 10
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Category Comments
Asset Sustainability Ratio • Intent: Measures the extent to which
140% 130.1% assets are being replaced as their
condition degrades to ensure service
120%
potential is maintained
100%
• Target: 90% of depreciation budget
90%
80% spent on renewals annually
64.2%
60% 53.1% • Result: Below budget
40.9%
33.7% • Comment: The capital works
40% 27.7%
18.1% program has been impacted by
20% 6.7% 10.2% recent flood events and ongoing
0.9%
0%
supply chain issues from COVID
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun which has result in delays in the
delivery of the capital program. This
Actual Renewal Spend (%) Target (%) Renewals Budget (%)
ratio will continue to increase each
month as expenditure on renewals
continues however it may fall
marginally short of the target as at 30
June 2022.
Net Financial Liabilities Ratio • Intent: Outlines the level that net
Council debt can be serviced by
operating revenues. A ratio below
zero implies that liabilities are less
than cash (and other current assets)
and there is adequate borrowing
capacity available if needed.
• Target: less than 60%
• Result: -50%
• Comment: Council has low debt
levels and strong cash holdings.
Investment Return • Intent: Ensure appropriate return on
investment yield for cash at bank.
• Target: 0.25% above current
Bloomberg commonwealth 10-year
bond rate yield (0.09%)
• Result: 0.65%
• Comment: While long-term bond
and interest rates remain low
Council’s investment return still
remains above target.
As investment rates increase
opportunities to maximise returns on
surplus funds will be explored in line
with Council’s investment policy.
Page 11
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Category Comments
Rates in Arrears • Intent: Ensuring that the amount of
unpaid rates remains sustainable
and does not negatively impact cash
flows
• Target: 5% industry benchmark
• Result: 9.9%
• Comment: Rates arrears continue to
decline from the high point in the
cycle with payments coming due in
February. Reminder notices will be
issued in April and arrears will
continue to stabilise through to June
as they are collected, and payment
arrangements implemented.
Previous Council Consideration
Nil.
Finance
As above.
Risks & Opportunities
Council’s risk register identifies a number of risks that could impact on its ongoing financial
sustainability. In order to manage and mitigate these risks Council uses various tools which include
monthly ongoing financial reporting to identify and address emerging issues, conservative
budgeting, compliance with the Financial Sustainability Policy, regular budget reviews, effective
liquidity management to ensure sufficient fiscal flexibility, as well as adhering to the Reserves and
Restricted Cash policy which requires that Council maintains both a disaster management reserve
and a minimum 3 months cash cover to fund emergent matters.
Some examples of potential risks that may impact on Council’s operational performance, capital
program delivery, cashflow and cash reserves include:
• Substantial damage to or failure of Council infrastructure due to natural disaster or other
emergent issue that may require significant unplanned investment;
• Closure of Council facilities due to ongoing Covid 19 restrictions;
• A prolonged IT system failure affecting Council’s ability to deliver services or issue rates
notices;
• Economic conditions affecting ratepayers’ ability to pay rates;
• Market driven increases in construction and operational costs significantly above estimates;
• Labour and material shortages and delays.
Given the recent flooding event, assessments are currently underway to assess what impact this
may have on Council’s financial position and what disaster funding opportunities may be available
to offset this expenditure.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Page 12
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Departments/Sections Consulted:
X Chief Executive Officer X Community Services X Corporate Services
Executive Support Director X Director
Community Development X Financial Services
Community Facilities Fleet
Libraries & Galleries ICT
Local Laws Procurement
Waste & Environmental Health Property
Revenue Services
X Executive Services X Environment & Sustainable Development X Infrastructure Services
Director Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 13
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
ATTACHMENT 1
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022 ATTACHMENT 1 Profit and Loss Statement Revenue Recurrent Revenue Rates, levies and charges 74,794 74,702 74,936 234 100% Fees and charges 8,246 6,427 7,074 646 86% Interest received 670 538 580 42 87% Sale of Goods and major services 11,094 8,386 9.616 1,230 87% Sale of contract and recoverable works 23 - 0 0 1% Rental & lease income 1,885 1,500 1,460 (39) 77% Other income 1,244 775 784 9 63% Grants, subsidies, contributions and donations 5,925 4,226 5,686 1,460 96% Unitywater Distributions 5,650 3,096 3,096 - 55% 109,530 99,649 103,232 3,582 94% Expenses Recurrent Expenses Employee benefits 38,134 27,453 26,673 780 70% Materials and services 51,091 35,114 35,350 (236) 69% Finance costs 1,114 844 859 (15) 77% Depreciation 19,589 14,692 14,694 (2) 75% Other expenses 233 175 196 (21) 84% 110,161 78,279 77,773 506 71% OperatingResult: 631254 4088 Summary of Capital Expenditure and Funding Capital Funding Capital cash contributions and infrastructure charges 1,397 1,621 1,901 279 136% Contributed assets 1,500 1,230 688 (542) 46% Capital grants and subsidies 18,963 10,295 10,821 526 57% Cash / revenue 22,860 19,280 12,007 (7,274) 53% New loan borrowings 4,859 - - - 0% Other capital revenue - - - - 0% TotalCapitalFunding 9 49,579 32428 5A TO) Capital Expenditure Contributed assets 1,500 1,230 688 (542) 46% Capital works - constructed assets 42,440 26,956 20,851 (6,105) 49% Capital works - other capital 4,342 2,943 1,709 (1,235) 39% Loan redemption 1,297 1,297 1,297 - 100% Other — ie - - 872 872 0%Page 14
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
ATTACHMENT 2
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022 ATTACHMENT 2 Current Assets Cash and cash equivalents 65,875 100,102 68,895 Trade and other receivables 10,286 11,281 7,467 Inventories 144 152 144 Contract Assets - 487 487 Other current assets 3,425 3,103 4,955 79,730 115,125 81,948 Non Current Assets held for sale - - - Total Current Assets 79,730 115,125 81,948 Non Current Assets Trade and other receivables 53,761 49 468 49 468 Other non current Assets - - - Investments 88,040 92,434 92,434 Investment property 3,000 2,900 2,900 Property, plant and equipment 999 038 960,656 952,579 Right of Use Assets 89 89 89 Intangible assets 2,925 2,772 3,036 Total Non Current Assets 1,146,853 1,108,319 1,100,506 TotalAssets 4,226,584 1,223,444 1,182,454 Current Liabilities Trade and other payables 7,334 13,590 10,468 Contract Liabilities 4,377 4377 4,377 Borrowings 946 43 955 Lease Liablities 25 25 25 Provisions 8,103 5,141 4,947 Other 3,998 3,399 2,898 Total Current Liabilities 24,783 26,575 23,669 Non Current Liabilities Borrowings 24,390 20,258 20,258 Lease Liabilities 66 66 66 Provisions 16,555 16,555 16,555 Total Non Current Liabilities 41,011 36,879 36,879 TotalLiabilities | 85,794 460,549 Community Equity Asset Revaluation Surplus 126,129 108,561 108,473 Retained Surplus / (Defeciency) - - - Shire Capital 1,034,661 1,013,432 999,512 Current Year Net ity - 9,990 7,905Page 15
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
ATTACHMENT 3
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022 ATTACHMENT 3 Cash flows from operating activities Cash Flows from Operating Activities Receipts from Customers 94.649 96,026 93,975 Payments to Suppliers and Employees (90,066) (64,462) (84,528) 4,582 31,564 9447 Investment and Interest Revenue Received 3,270 1,589 3,401 Rental Income 1,873 1,460 1,365 Non Capital Grants and Contributions 5,887 5,686 6,085 Income Tax Equivalent Received 1,200 1,240 1,450 Income from Equity Investments 1,850 847 1,600 Payments: Borrowing Costs - - (2,499) Interest Expense (516) (123) (131) Cash Flows from Investing Activities Proceeds of Sale of Property, Plant and Equipment - 103 217 Grants, Subsidies, Contributions and Donations 20,360 12,722 13,679 Payments: Payments of Property, Plant and Equipment (45,953) (22,265) (22,721) Payments for Intangible Assets (829) (441) (1,385) Net Movement in Loans and Advances - 125 125 Cash Flows from Financing Activities Proceeds from Borrowings 4,859 - 2,500 Payments: Repayment of Borrowings (736) (1,299) (1,263) Net Increasel(Decrease) in Cash andCashEquivalentsheld = (453) 34,208 14,871 Cash and Cash Equivalents at the beginning of the reporting period 70,028 68,894 57,023Page 16
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
ATTACHMENT 4
7. CLOSED SESSION
Nil
GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022 ATTACHMENT 4 Materials and services Advertising and Marketing 227 167 157 9 70% Administration Supplies and Consumables 751 540 482 58 64% Audit Expenditure 174 11 64 (52) 37% Communications and IT 684 581 736 (154) 108% Commission Paid 1,218 889 1,090 (200) 89% Consultancy Services 1,279 761 913 (151) 71% Contract Services 24,287 16,427 16,562 (135) 68% Contributions, Donations, Sponsorship and Prizes 3,471 3,200 3,276 (76) 94% Electricity 1,729 1,278 1,224 54 71% Internal Fleet Costs and External Plant Hire 1,668 1,195 1,347 (152) 81% Grants Paid to Community Organisations 1,939 1,156 1,244 (88) 64% Insurance 703 684 657 27 93% Legal Expenses 1,866 1,003 1,143 (140) 61% Operating Leases and Rentals 302 219 240 (21) 80% Software and Maintenance 2,166 1,615 1,570 45 72% Subscriptions and Registrations 369 296 311 (15) 84% Waste Levy Payments 1,460 1,095 1,185 (90) 81% Water and Sewerage Charges 1,090 803 633 170 58% All Other Materials and Services 5,708 3,194 2,517 677 44% 51,091 35,114 35,350 (236) 69% 7. CLOSED SESSION Nil