2018-12-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    17 DECEMBER 2018


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 17 December 2018 outlining November 2018 year to date financial performance
against budget.


REPORT
Operating Revenue (YTD Benchmark 41.7%)
Council has received 49% ($46.6 million) of its operating revenue budget ($96.0 million).
Commentary on each revenue category is provided below.

 Category           Summary                          Comments
 Rates and Levies   $33.2 million (50%) of the           Overall, rates and levies earned are in line with
                    annual budget of $66.6                 budget expectations
                    million has been earned
 Fees and           $3.2 million (57%) of the $5.5       Development related fees $146k above YTD
 Charges            million annual budget has              budget (55% or $619k of $1.1m budget
                    been earned                            earned) – offset by development appeal legal
                                                           fees above YTD budget
                                                         Building application and search fees $120k
                                                           above YTD budget (64% or $342k of $534k
                                                           budget earned)
                                                         Local laws fees $93k above YTD budget (66%
                                                           or $775k of $1.2 million budget earned)
                                                         Cemetery fees $59k above YTD budget (59%
                                                           or $132k of $222k budget earned)
                                                         Community land use permits $30k above YTD
                                                           budget (66% or $248k of $375k budget
                                                           earned)
 Sale of Goods      $4.0 million (45%) of the $8.8       Eumundi Landfill disposal charges and
 and Services       million budget has been                recyclable sales $176k above YTD budget
                    received                               (48% or $1.5m of $3.1m budget earned)
                                                         Holiday parks $139k above YTD budget (43%
                                                           or $1.3m of $2.9m budget earned)
                                                         Noosa Aquatic Centre $62k above YTD budget
                                                           (44% or $760k of the $1.7m budget earned)
 Interest           $2.2 million (50%) of the $4.4       Investment revenue $71k above YTD budget
 Received           million annual budget has              (53% or $748k of $1.4m budget earned)
                    been earned                          Interest on overdue rates and charges $43k
                                                           above YTD budget (52% or $210k of $400k
                                                           budget earned)
 Dividend and       On track                         Nil
 Tax
 Other Revenue      $1.3 million (55%) of the $2.4       Works Operations internal plant hire recoveries
                    million budget has been                $415k (no budget)
                    earned                               Waste Management internal recoveries for
                                                           landfill disposal $18k above YTD budget
                                                           (232% or $22k of $10k budget earned)
                                                         Local laws SPER penalty recoveries $23k over
                                                           budget (62% or $62k of $112k budget earned)
                                                         Lease management for Sunshine Beach
                                                           Shops $21k below budget (43% or $474k of
                                                           $1.1 million budget earned)

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