2022-01-17 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                            17 JANUARY 2022


The full list of submissions is contained in Attachment 2.
The following table summarises the proposed revised 2021/22 capital budget by program, with the
full program contained in Attachment 3.

Program                               Current       Emergent    Variations        SEQCSP Timing Delay    Proposed
                                      Budget          Works                         Grant   to 2022/23 BR2 Budget
Capital Works
 Bridges                               $7,595              $-        $1,616           $35      ($4,304)     $4,943
 Coastal Canals and Waterways          $1,830              $-            $-            $-      ($1,196)      $634
 Cemeteries                                $180            $-            $-            $-             $-     $180
 Community Facilities                  $6,144            $140         ($22)          $170      ($1,485)     $4,947
 Corporate Buildings                         $20           $-            $-            $-             $-      $20
 Environmental Assets and              $1,700              $-            $-            $-      ($1,100)      $600
 Trails
 Gravel Road Network                       $410            $-            $-            $-             $-     $410
 Holiday Parks                               $40           $-            $-            $-             $-      $40
 Libraries & Galleries                     $822            $-            $-            $-             $-     $822
 Parks & Playgrounds                   $4,705              $-            $-            $-             $-    $4,705
 Pathways & Boardwalks                 $3,574              $-        ($281)          $103        ($291)     $3,106
 Public Amenities                             $-           $-            $-          $200             $-     $200
 Public Transport Infrastructure           $352            $-            $-            $-             $-     $352
 Sealed Roads Network                 $14,476             $86         $176             $-      ($2,000)    $12,739
 Sports Grounds                              $50           $-            $-            $-             $-      $50
 Stormwater Drainage                         $26           $-         $100             $-             $-     $126
 Transport Infrastructure              $1,218              $-         ($88)            $-             $-    $1,217
 Waste Management                      $2,560              $-        $2,673            $-        ($270)     $4,962
Other Works
 Fleet - Plant Replacement             $2,763              $-            $-            $-             $-    $2,763
 Asset Management                      $1,200              $-            $-            $-             $-    $1,200
 Information Technology                    $669            $-            $-            $-             $-     $669
 Strategic Planning                        $160            $-            $-            $-             $-     $160
 Other                                 $1,297              $6            $-            $-             $-    $1,303
Grand Total                           $53,694            $226        $4,465          $508     ($10,815)    $48,079


Previous Council Consideration
The 2021/22 original budget was adopted by Council Resolution on 30 June 2021 (Ref. Special
Meeting Minutes, 30 June 2021, Item 3, Page 3.
The 2021/22 budget review 1 (BR1) was adopted by Council resolution on 19 August 2021 (Ref.
Ordinary Meeting Minutes, 19 August 2021, Item 9, Page 17).

Finance
The financial sustainability ratios for asset sustainability and net financial liabilities are forecast to
meet the benchmark targets under the revised BR2 budget for 2021/22; however the operating
surplus ratio will continue to fall below the target range.

Ratio                              Target          Original Budget        BR1                BR2
Operating Surplus                  0 – 10%              0.3%             (0.6%)             (0.6%)
Net Financial Liabilities          < 60%               (8.1%)            (4.9%)             (12.7%)
Asset Sustainability               > 90%               107.8%           121.9%              130.1%




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