2018-04-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    16 APRIL 2018


2.    Proposed Carryovers - Capital Expenditure Projects
There are a total of 50 BR3 submissions for capital projects as a result of either cost savings or
overruns, variations to scope, timing delays, rescheduling to reflect delivery over two financial
years as well as emergent works. The budget review proposes an overall increase in expenditure
of $2.4 million, with the capital program therefore increasing overall from $28.6 million to $30.9
million.

The budget review includes a revised delivery schedule for a number of grant-funded capital
programs including the Noosaville Library Refurbishment and the Bridge Renewal Program. This
rescheduling changes the timing of grant claims and has resulted in a delay of some capital
revenue to 2018/19, with the 2017/18 budget decreasing by $334,349.

The following table summarises the proposed movement for the 2017/18 capital expenditure
budget:

 Capital Works                                                         Amount
 Original Budget                                                   $24,055,500
 Total BR1 Carryovers                                               $6,934,213
 Total BR2 Capital Expenditure Submissions                         -$2,409,775
 Total Current Budget                                              $28,579,938
 Total BR3 Capital Expenditure Submissions                           $2,359,490
 Proposed Revised Capital Expenditure Budget                       $30,939,428

The following table summarises the proposed revised 2017/18 capital budget by program, with the
full list contained in Attachment 2.

 Program                              Original         BR1          BR2             BR3          Total
                                       Budget
 Capital Works                     $20,319,500   $6,475,340   -$2,450,179   $2,086,490     $26,431,151
 Bridges                            $1,500,000                 -$750,650     -$230,850       $518,500
 Coastal Canals and Waterways          $12,000    $154,000      $236,500     -$229,812       $172,688
 Commercial Land & Property         $2,000,000   $1,119,628                  $113,983       $3,233,611
 Community Facilities                  $65,000    $281,991    $1,045,180      -$64,716      $1,327,455
 Corporate Buildings                  $195,000      $49,821     -$90,000          -$303      $154,518
 Environmental Assets, Bushland                  $2,117,187                                 $2,117,187
 Reserves, Tracks and Trails
 Gravel Road Network                  $800,000      $62,485    -$250,000     $250,000        $862,485
 Holiday Parks                      $1,050,000      $10,500                  -$198,696       $861,804
 Parks & Playgrounds                  $360,000      $34,450     $212,875          $6,558     $613,883
 Pathways & Enabling Facilities     $7,180,000    $181,509    -$5,110,460   $1,884,817      $4,135,866
 Public Transport Infrastructure      $600,000    $137,647                     $77,353       $815,000
 Sealed Roads Network               $3,510,000    -$286,933    -$254,000     $254,348       $3,223,415
 Sports Ground and Facilities          $53,500      $12,000                    $32,000        $97,500
 Stormwater Drainage                   $80,000      $69,619   $2,972,570     -$313,000      $2,809,189
 Streetscapes and Road Corridors                  $123,659                                   $123,659
 Transport and Infrastructure       $2,800,000   $2,407,779    -$462,194     $504,808       $5,250,393
 Management
 Waste Management                     $114,000                                               $114,000
 Other Capital                      $3,736,000    $458,873       $40,404     $273,000       $4,508,277
 Asset Management                     $570,000       $8,741                                  $578,741


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