2018-03-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     12 MARCH 2018


Operating Expenditure (YTD Benchmark 66.7%)
Actual operating expenditure is currently 64% ($59 million) of full year budget ($92.9 million).
Detailed commentary for each expenditure category is provided below.

Category            Summary                       Comments
Employee Costs      $19.1 million (63%) of the        Underspend in Salaries and Wages ($1.3m)
                    annual budget of $30.4              offset by casual staff ($359k) sick leave
                    million has been expended           ($316k) and external labour hire ($310k)
                                                      Overspend in overtime (99% or $369k of
                                                        $399k budget expended)
                                                      Staff training (30% or $106k of $356k budget
                                                        expended)
Materials and       $25.7 million (63%) of the        Economic Development contract services
Services            $41.2 million annual budget         below YTD budget (18% or 51k of $284k
                    has been expended.                  budget spent)
                                                      Natural Areas contract services below YTD
                                                        budget (45% or $215k of $483k budget spent)
                                                      Fleet and Plant contract services below YTD
                                                        budget (62% or $815k of $1.3m budget spent)
                                                      Libraries contract services below YTD budget
                                                        (51% or $540k of $1.1m budget spent)
                                                      Ringtail quarry contract services $109k below
                                                        YTD budget (38% or $142k of $376k budget
                                                        spent)
                                                      Cemeteries contract services below YTD
                                                        budget (28% or $44k of $160k budget spent)
                                                        – offset by reduced revenue
                                                      Noosa River Holiday Park contract services
                                                        above YTD budget (72% or 929kof $1.3m
                                                        budget spent) – offset by increased holiday
                                                        parks revenue
                                                      Works operations maintenance contract
                                                        services $198k above YTD budget (73% or
                                                        $1.7m of $2.4m budget spent)
                                                      Parks / Arborist contract services $304k
                                                        above YTD budget (71% or $2.9m of $4.1m
                                                        budget spent)
                                                      Development appeal costs $117k above YTD
                                                        budget (97% or $536k of $555k budget spent)
Finance Costs       On track                      Nil
Depreciation        On track however road and         Interim and final year reporting will include
                    bridge asset revaluations           revaluation impacts on depreciation
                    may have impacts
Other Expenses      On track                      Nil




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