Meeting papers

GENERAL COMMITTEE MEETING                                                                17 JUNE 2024


 Category            Summary                   Comments
                                                     works grants and delays in the delivery of the
                                                     capital works program.
 Other Revenue       $2.9 million (104.4%)        • Plant recharge revenue is $328.4k above
                     of the $2.8 million             budget due to internal plant being utilised for
                     annual budget has               the delivery of disaster funded capital projects.
                     been earned
 Operating Grants,   $3.4 million (46.0%) of        •   Operating Grants and subsidies are in line with
 Subsidies           the $7.5 million annual            budget expectations at this stage. YTD
                     budget has been                    variance relates to $78k illegal dumping grant
                     received                           received in February 2024.
                                                    •   100% ($2.0 million) of the financial assistance
                                                        grant allocated for FY 2023/24 was prepaid in
                                                        June 2023. This prepayment approach has
                                                        been consistent over the past 7 years however
                                                        a change in this approach may impact
                                                        Council’s 2023/24 final operating position. To
                                                        date Council has not received notification from
                                                        the Australian government whether it will
                                                        continue this prepayment approach in respect
                                                        to the FY 2024/25 funding allocation.
 Unitywater          On track                       •   Unitywater distributions are fixed each year so
 Distributions                                          there is limited budget variance risk

Figure 2: Operating Revenue Position by Type (Excluding Rates)




Operating Expenditure (YTD Benchmark 91.7%)
Actual operating expenditure is currently 84.7% ($115.1 million) of the full year budget ($135.9
million). Detailed commentary for each expenditure category is provided below.

 Category            Summary                        Comments
 Employee Costs      $42.8 million (87.3%) of the         •   Expenditure for permanent staff salaries
                     annual budget of $48.9                   and wages underspent ($3.0m) due to
                     million has been expended                position vacancies, partially offset by
                                                              additional spend on casual staff and
                                                              external labour hire ($1.6 million).
                                                          •   Training costs are behind forecast at this
                                                              point in the year (67.2% or $205.4k of
                                                              $372.6k annual budget spent)




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