2022-03-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                        14 MARCH 2022


 Category                    Summary                                        Comments
 Materials and               $31.3 million (61%) of the                          Environment Services costs $304k below YTD
 Services                    $51.1 million annual budget                          budget (30.9% or $1.1 million of $3.6 million
                             has been expended.                                   annual budget spent) – COVID-19 impacts on
                                                                                  staff have delayed project delivery YTD.
                                                                                 Libraries & Galleries $256k below YTD budget
                                                                                  (47% or $860k of $1.8 million annual budget
                                                                                  spent) – timing of heritage programs and
                                                                                  operational contract services
                                                                                 Waste Management $216k below YTD budget
                                                                                  (62% or $7.1 million of $11.3 million annual
                                                                                  budget spent)
                                                                                 Development Assessment $190k below YTD
                                                                                  budget (48% or $807k of $1.6 million annual
                                                                                  budget spent) – timing of development appeal
                                                                                  costs.
                                                                                 Holiday Parks $446k above YTD budget (89%
                                                                                  or $1.5 million of $1.67 million annual budget
                                                                                  spent) – offset by additional revenue.
 Finance Costs               On track                                       Nil
 Depreciation                On track                                       Nil
 Other Expenses              On track                                       Nil

Figure 3: Operating Expenditure Position by Type

$35.0                              $31.9 $31.2
                                                                                YTD Budget ($m)
$30.0
            $24.5 $23.6                                                         YTD Actual ($m)
$25.0
$20.0
                                                                                       $13.1 $13.1
$15.0
$10.0
 $5.0
                                                        $0.7 $0.7                                            $0.2 $0.1
 $0.0
                                                            Finance Costs
                                        Materials




                                                                                           Depreciation
                 Employees




                                                                                                                Other




Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Expenditure at 28 February 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                               $0.43                  $0.57             ($0.14)

 Total                                              $3.58                               $2.95                  $3.09             ($0.14)

All instalments payable under the Tourism Noosa agreement for the 2021-22 financial year have
been made. Note, the current agreement expires at 30 June 2022 but has been granted a 12
month extension to 30 June 2023.


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