Meeting papers

GENERAL COMMITTEE MEETING                                                            17 JUNE 2024


Category         Summary                        Comments
Materials and    $51.4 million (80.5%) of the         •   Civil Operations $900.6k above budget
Services         $63.9 million annual budget              (97.2% or $9.1 million of $9.4 million
                 has been expended.                       annual budget spent)
                                                      •   Development Assessment $273.3k above
                                                          budget (106.0% or $1.9 million of $1.8
                                                          million annual budget spent)
                                                      •   ICT $267.4k above budget (93.8% or $4.2
                                                          million of a $4.5 million annual budget
                                                          spent)
                                                      •   Holiday Parks $164.5k above budget
                                                          (92.4% or $2.3 million of a $2.5 million
                                                          annual budget spent) – offset by additional
                                                          revenue.
                                                      •   Waste Management $976.5k below
                                                          budget (79.4% or $11.9 million of $15.0
                                                          million annual budget spent) – cost
                                                          savings have been utilised to fund several
                                                          emergent capital works projects.
                                                      •   Cemeteries $163.8k below budget (37.2%
                                                          or $121.0k of $325.6k annual budget
                                                          spent)
                                                      •   Transport and Traffic $142.7k below
                                                          budget (33.7% of $80.7k of $239.7k
                                                          annual budget spent)
                                                      •   Canals and Waterways $94.5k below
                                                          budget (65.5% or $332.9k of $507.8k
                                                          annual budget spent)
                                                      •   Environment Levy program $107.4k below
                                                          budget (55.06% or $886.5k of $1.6 million
                                                          annual budget spent)
                                                      •   Economic Development $70.3k below
                                                          budget (53.0% or $233.2k of $439.7k
                                                          annual budget spent)
                                                      •   Environmental Services (excluding levy
                                                          funded programs) $69.5k below budget
                                                          (65.5% or $955.0k of $1.5 million annual
                                                          budget spent)
Finance Costs    Currently on track                   •   Whilst existing loan borrowings are set
                                                          with fixed interest rates, any further RBA
                                                          rate rises will impact finance costs on new
                                                          loan borrowings.
Depreciation     Currently on track             Nil
Other Expenses   Currently on track             Nil




                                                                                              Page 385 of 432