2019-01-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                       14 JANUARY 2019


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 14 January 2019 outlining December 2018 year to date financial performance against
budget.


REPORT
Operating Revenue (YTD Benchmark 50.0%)
Council has received 51% ($48.9 million) of its operating revenue budget ($96.0 million).
Commentary on each revenue category is provided below.

 Category        Summary                          Comments
 Rates and       $33.2 million (50%) of the           Overall, rates and levies earned are slightly below
 Levies          annual budget of $66.6                 YTD budget, with general rates $59k below YTD
                 million has been earned                budget due to successful 2018 valuation appeals
                                                        by a number of commercial properties.
 Fees and        $3.7 million (66%) of the $5.5       Development related fees $199k above YTD
 Charges         million annual budget has              budget (68% or $767k of $1.1m budget earned) –
                 been earned                            offset by development appeal legal costs above
                                                        YTD budget
                                                      Building application and search fees $123k above
                                                        YTD budget (73% or $391k of $534k budget
                                                        earned)
                                                      Local laws fees $119k above YTD budget (74% or
                                                        $869k of $1.2 million budget earned)
                                                      Cemetery fees $55k above YTD budget (75% or
                                                        $166k of $222k budget earned)
                                                      Waste management temporary bin services $50k
                                                        above YTD budget (252% or $63k of $25k budget
                                                        earned)
                                                      Community land use permits $33k above YTD
                                                        budget (68% or $256k of $375k budget earned)
                                                      Plumbing application and search fees $43k below
                                                        YTD budget (46% or $452k of $991k budget
                                                        earned)
 Sale of Goods   $4.8 million (55%) of the $8.8       Holiday parks $154k above YTD budget (56% or
 and Services    million budget has been                $1.6m of $2.9m budget earned)
                 received                             Eumundi Road landfill disposal charges and
                                                        recyclable sales $133k above YTD budget (55%
                                                        or $1.7m of $3.1m budget earned)
 Interest        $2.4 million (54%) of the $4.4       Investment revenue $97k above YTD budget
 Received        million annual budget has              (63% or $878k of $1.4m budget earned)
                 been earned                          Interest on overdue rates and charges $52k above
                                                        YTD budget (63% or $252k of $400k budget
                                                        earned)
 Dividend and    On track                         Nil
 Tax
 Other           $1.4 million (61%) of the $2.4       Works Operations internal plant hire recoveries
 Revenue         million budget has been                $560k (no budget) – offset by internal hire charges
                 earned                               Waste Management internal recoveries for landfill
                                                        disposal $38k above YTD budget (240% or $48k
                                                        of $20k budget earned)


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