2018-01-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    15 JANUARY 2018


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 15 January 2018 outlining the December year to date financial performance
against budget.


REPORT
Operating Revenue (YTD Benchmark 50.0%)
Council has received 51.8% ($48.2 million) of its operating revenue budget ($92.9 million).
Commentary on each revenue category is provided below:
  Rates and Levies – $31.9 million (49.9%) of the annual budget of $63.8m has been
    earned. Commercial waste collection charges are slightly below YTD budget ($45k).
  Fees and Charges – $3.2 million (62.5%) of the $5.1 million annual budget has been
    earned. A range of areas are above YTD budget including development related fees
    ($202k), property transfer related fees ($56k), community land use applications and permits
    ($43k), building and pool compliance fees ($30k), public health licences and infringements
    ($25k), and animal control fees ($19k). Plumbing fees ($44k) and cemetery fees ($22k) are
    currently below YTD budget.
  Sale of Goods and Services - $4.5 million (53.8%) of the $8.4 million budget has been
    received. with Noosa Aquatic Centre ($113k), Holiday parks ($41k), landfill disposal sales
    ($33k) and community facilities income ($19k) all above YTD budget.
  Interest Received – $2.3 million (52.8%) of the $4.4 million annual budget has been
    earned with investment revenue ($71k) and interest on overdue rates and charges ($40k)
    both above YTD budget.
  Dividend and Tax – Unitywater distributions are in line with budget.
  Other Revenue – $1.6 million (64.2%) of the $2.5 million budget has been earned. Rental
    income ($42k), The J ($31k), disaster insurance claims ($21k) as well as internal
    recoveries from the quarry ($90k), civil operations ($72k) and waste management landfill
    charges ($38k) are all above YTD budget.
  Operating Grants, Subsidies and Contributions – Operational grants of $3.1 million
    (55.7%) are tracking above YTD budget. This includes grants for operational programs not
    originally budgeted for including RADF ($21k), Get Active Teenagers ($17k), Come and Tri
    Adventure Racing ($15k), Commonwealth Sports Day ($14k) and Engaging Science ($2k).
    Noosa Community Support funding is also tracking $29k ahead of budget.

Figure 2: Operating Revenue Position by Type (Excluding Rates)
 $5.0
                                                       YTD Budget ($m)
 $4.5
                                                       YTD Actual ($m)
 $4.0
 $3.5
 $3.0
 $2.5
 $2.0
 $1.5
 $1.0
 $0.5
 $0.0
                                            Goods &




                                                       Income




                                                                   Other
           Charges




                                                                           Grants
                     Dividend




                                            Services
                                            Sales of




                                                        Rental
                                 Interest
           Fees &




                      & Tax




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