2018-04-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                         16 APRIL 2018


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 16 April 2018 outlining March year to date financial performance against budget.


REPORT
Operating Revenue (YTD Benchmark 75.0%)
Council has received 95% ($85.5 million) of its operating revenue budget ($92.9 million).
Commentary on each revenue category is provided below.

 Category                Summary                          Comments
 Rates and Levies        $64 million (100%) of the            General rates ($55k) above $47.9m full
                         annual budget of $63.8m has            year budget
                         been earned                          Waste collection charges ($25k) above
                                                                $11.5m full year budget
 Fees and Charges        $4.9 million (97%) of the $5.1       Development related fees $368k above
                         million annual budget has              YTD budget (108% or $1.2m of $1.1m
                         been earned                            budget earned)
                                                              Property transfer related fees $81k above
                                                                YTD budget (105% or $283k of $270k
                                                                budget earned)
                                                              Community land use applications and
                                                                permits $92k above YTD budget (108%
                                                                or $379k of $350k budget earned)
                                                              Public health licences and infringements
                                                                $34k above YTD budget (107% or $333k
                                                                of $312k budget earned)
                                                              Local laws fees $247k above YTD budget
                                                                (115% or $1.1m of $931k budget earned)
                                                              Cemetery fees $32k below YTD budget
                                                                (65% or $168k of $257k budget earned)

 Sale of Goods and       $6.9 million (83%) of the $8.4       Noosa Aquatic Centre $194k above YTD
 Services                million budget has been                budget (88% or $1.4m of $1.6m budget
                         received                               earned)
                                                              Landfill disposal charges $238k above
                                                                YTD budget (81% or $2.2m of the $2.6m
                                                                budget earned)
                                                              Holiday parks $63k above YTD budget
                                                                (80% or $2.5m of $3.1m budget earned)
                                                              Community facilities income $53k above
                                                                YTD budget ($83k or $728k of $880k
                                                                budget earned)

 Interest Received       $3.5 million (79%) of the $4.4       Investment revenue $136k above YTD
                         million annual budget has              budget (86% or $1.2m of $1.4m budget
                         been earned                            earned)
                                                              Interest on overdue rates $59k above
                                                                YTD budget (89% or $359k of $400k
                                                                budget earned)

 Dividend and Tax        On track                         Nil


                                                                                         Page 72 of 122