2019-01-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                14 JANUARY 2019


 Category              Summary                           Comments
                                                          Local laws SPER penalty recoveries $23k over
                                                            budget (70% or $78k of $112k budget earned)
                                                          Lease revenue for telecommunication towers $33k
                                                            above YTD budget (119%or $129k of $108k
                                                            budget earned)
                                                          Lease revenue for Sunshine Beach Shops $58k
                                                            below YTD budget (46% or $432k of $947k
                                                            budget earned). 2 vacancies currently being
                                                            negotiated.
                                                          The J sundry revenue for recoupment of costs
                                                            $26k below YTD budget (48% or $94k of $196k
                                                            budget earned)
 Operating             $2.7 million (51%) of the $5.3        Operating grants are in line with budget
 Grants,               million budget has been                 expectations at this stage.
 Subsidies             received                              50% or $1 million of the financial assistance grant
                                                               was prepaid in June 2018 and may impact on
                                                               Council’s 2018/19 final operating position (if the
                                                               prepayment approach is discontinued by the
                                                               Australian government).

Figure 2: Operating Revenue Position by Type (Excluding Rates)

  $6.0
                                                                  YTD Budget ($m)

  $5.0                                                            YTD Actual ($m)


  $4.0

  $3.0

  $2.0

  $1.0

  $0.0
                                                                   Income




                                                                                Other
             Charges




                                                    Goods &




                                                                                            Grants
                            Dividend




                                                    Services
                                                    Sales of




                                                                    Rental
                                         Interest
             Fees &




                             & Tax




Operating Expenditure (YTD Benchmark 50.0%)
Actual operating expenditure is currently 46% ($44.6 million) of full year budget ($96.0 million).
Detailed commentary for each expenditure category is provided below.

 Category              Summary                           Comments
 Employee              $15.2 million (47%) of the            Under expenditure for permanent staff salaries and
 Costs                 annual budget of $32.3                  wages ($1.2 million) partially offset by additional
                       million has been expended               spend on casual staff and external labour hire
                                                               ($466k), and sick and personal leave higher than
                                                               YTD budget ($340k)
                                                             Staff training underspend of $58k YTD (noting that
                                                               a further $34k is committed to suppliers for future
                                                               training)


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