2023-01-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                16 JANUARY 2023


Category        Summary                   Comments
                                             Property and Facility fees $118.5k above YTD budget
                                              (58.6% or $300.8k of $514k annual budget earned)
                                             Cemetery fees $39.9k above YTD budget (63.02% or
                                              $193.1k of $306.4k annual budget earned)
                                             Waste Management fees $37.7k above YTD budget
                                              (49.1% or 107.4k of $219.0k annual budget earned)
                                             Revenue Services $34.6k below YTD budget (43.5%
                                              or $166.8k of $383.5k annual budget earned)
Sale of Goods   $6.9 million (55.7%) of      Holiday Park revenue $302.8k above YTD budget
and Services    the $12.3 million             (62.5% or $2.2 million of $3.5 million annual budget
                annual budget has             earned). Any revenue upside will be generally offset by
                been received                 a corresponding increase in associated operating
                                              costs
                                             Waste disposal fees $274.8k above YTD budget
                                              (53.6% or $2.3 million of $4.2 million annual budget
                                              earned)
                                             Community Facility fees $206.4k above YTD budget
                                              (56.1% or $1.6 million of $2.8 million annual budget
                                              earned)
                                             Sales of Recyclables $70.9k below YTD budget
                                              (45.9% or $685.2k of $1.5 million annual budget
                                              earned)
Interest        $1.9 million (224.4%)        Interest revenues are tracking above budget YTD
Received        of the $870k annual           following the investment of surplus cash into higher
                budget has been               yielding term deposits.
                earned
Other Revenue   $1.5 million (51.6%) of      Waste Management royalties $34.6k above YTD
                the $2.8 million annual       budget (187.7% or $47.2k of $25.1k annual budget
                budget has been               earned)
                earned                       Community Facility revenue $36.6k above YTD budget
                                              (61.7% or $238.3k of $386.5k annual budget earned)
                                             Properties & Facilities revenue $82.6 below YTD
                                              budget (48.8% or $838.9k of $1.7 million annual
                                              budget earned)
                                             Local Laws revenue $53.6k below YTD budget (19.4%
                                              or $38.8kk of $200.0k annual budget earned)
Operating       $2.3 million (45.4%) of      Operating Grants and subsidies are slightly above YTD
Grants,         the $5.1 million annual       budget expectations due to the receipt of a QRA Local
Subsidies       budget has been               Economic Recovery Grant, Queensland Arts
                received                      Showcase Program Grant, Illegal Dumping Grant and
                                              Public Health Network Grant.
                                             75% ($1.9 million) of the financial assistance grant was
                                              prepaid in June 2022 and may impact on Council’s
                                              2022/23 final operating position if the prepayment
                                              approach is discontinued by the Australian
                                              government. Council has also been advised that its
                                              allocation of future year financial assistance grants is
                                              likely to decrease, which has the potential to further
                                              impact Council’s operating result.
Unitywater      On track                     Unitywater distributions are fixed each year so little
Distributions                                 budget variance risk




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