2018-03-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                        12 MARCH 2018


RECOMMENDATION
That Council note the report by the Acting Manager Financial Services to the General Committee
Meeting dated 12 March 2018 outlining the February year to date financial performance against
budget.


REPORT
Operating Revenue (YTD Benchmark 66.7%)
Council has received 92% ($85.1 million) of its operating revenue budget ($92.9 million).
Commentary on each revenue category is provided below.

Category            Summary                          Comments
Rates and Levies    $63.9 million (100%) of the          General rates ($60k) above $47.9m full year
                    annual budget of $63.8m has            budget
                    been earned                          Waste collection charges ($30k) above
                                                           $11.5m full year budget
Fees and Charges    $4.2 million (83%) of the $5.1       Development related fees $297k above YTD
                    million annual budget has              budget (93% or $994k of $1.1m budget
                    been earned                            earned)
                                                         Property transfer related fees $74k above
                                                           YTD budget (94% or $254k of $270k budget
                                                           earned)
                                                         Community land use applications and permits
                                                           $41k above YTD budget (88% or $308k of
                                                           $350k budget earned)
                                                         Building and pool compliance fees $43k
                                                           above YTD budget (76% or $369k of $485k
                                                           budget earned)
                                                         Public health licences and infringements $34k
                                                           above YTD budget (105% or $328k of $312k
                                                           budget earned)
                                                         Local laws fees $70k above YTD budget
                                                           (91% or $849k of $931k budget earned)
                                                         Cemetery fees $32k below YTD budget (54%
                                                           or $139k of $257k budget earned)
Sale of Goods and   $6 million (72%) of the $8.4         Noosa Aquatic Centre $122k above YTD
Services            million budget has been                budget (75% or $1.2m of $1.6m budget
                    received                               earned)
                                                         Landfill disposal sales $165k above YTD
                                                           budget (72% or $1.9m of $2.6m budget
                                                           earned)
                                                         Holiday parks $41k above YTD budget (71%
                                                           or $2.2m of $3.1m budget earned)
                                                         Community facilities income $35k above YTD
                                                           budget (72% or $658k of $908k budget
                                                           earned)
Interest Received   $2.7 million (60%) of the $4.4       Investment revenue $120k above YTD budget
                    million annual budget has              (74% or $1.1m of $1.4m budget earned)
                    been earned                          Interest on overdue rates $49k above YTD
                                                           budget (79% or $316 of $400k budget
                                                           earned)
Dividend and Tax    On track                         Nil


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