2018-04-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     16 APRIL 2018


 Program                                Original         BR1           BR2           BR3           Total
                                         Budget
 Fleet - Plant Replacement            $1,450,000            $0     $118,087     $170,000      $1,738,087
 Information Technology                 $250,000    $196,762                                   $446,762
 Planning Scheme                      $1,466,000    $253,370       -$77,683     $103,000      $1,744,687
 Total                               $24,055,500   $6,934,213    -$2,409,775   $2,359,490   $30,939,428

Previous Council Consideration

The 2017/18 original budget was adopted by Council resolution on 29 June 2017 (Ref. Special
Meeting Minutes, 29 June 2017, Item 2, Page 3).

Budget Review 1 (BR1) - Ordinary Meeting, 17 August 2017, Item 1, Page 15
That Council note the report by the Acting Manager Financial Services to the Ordinary Meeting
dated 17 August 2017 and approve the proposed changes to the budget for the 2017/18 financial
year as outlined in the attached Revised Budget Financial Statements.

Budget Review 2 (BR2) - Ordinary Meeting, 16 November 2017, Item 7, Page 14
That Council note the report by the Manager Financial Services to the Ordinary Meeting dated 16
November 2017 and approve the proposed changes to the budget for the 2017/18 financial year
as outlined in the Revised Budget Financial Statements attached to the report.


Finance
The proposed budget adjustments have a slightly negative impact on Council’s financial position,
decreasing the operating surplus $62k to $2k. Council’s 2017/18 budgeted financial sustainability
ratios all remain within the benchmark ranges as per the table below.

Ratio                        Original Budget          BR1               BR2            BR3
Operating Surplus                      0.3%          0.0%              0.1%            0.0%
Net Financial Liabilities              2.4%          8.3%              5.2%           -5.3%
Asset Sustainability                106.1%         109.5%             98.2%         105.5%




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