2023-03-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING REPORT                                                   13 MARCH 2023


Category        Summary                Comments
                                        Cemetery fees $19.0k above YTD budget (72.9% or
                                          $223.3k of $306.4k annual budget earned)
                                        Local Laws $42.2k below YTD budget (61.3% or $1.2
                                          million of $1.7 million annual budget earned)
                                        Revenue Services $61.5k below YTD budget (50.2% or
                                          $235.2k of $383.5k annual budget earned)
                                        Development Assessment $149.8k below YTD budget
                                          (50.2% or $1.4 million of $2.8 million annual budget
                                          earned)
                                        Building fees $154.4k below YTD budget (46.1% or
                                          $478.3k of $1.0 million annual budget earned)
Sale of Goods   $9.2 million (74.4%)      Holiday Park revenue $435.5k above YTD budget
and Services    of the annual budget       (82.3% or $2.9 million of $3.5 million annual budget
                of $12.3 million has       earned). Any revenue upside will be generally offset by
                been earned                a corresponding increase in associated operating costs
                                          Community Facility fees $339.8k above YTD budget
                                           (77.5% or $2.2 million of $2.8 million annual budget
                                           earned)
                                          Waste disposal fees $328.6k above YTD budget (70.4%
                                           or $2.9 million of $4.2 million annual budget earned)
                                          Sales of Recyclables $61.4k below YTD budget (60.7%
                                           or $906.8k of $1.5 million annual budget earned)
Interest        $2.7 million              Interest revenues are tracking above budget YTD due to
Received        (308.5%) of the            economic pressures driving investment rates up.
                $870k annual budget        Accordingly, Council has invested surplus cash in higher
                has been earned            yielding term deposits to maximise the return on its cash
                                           holdings.
Other Revenue   $1.6 million (55.7%)      Waste Management royalties $32.5k above YTD budget
                of the $2.8 million        (187.7% or $47.2k of $25.1k annual budget earned)
                annual budget has         Community Facility revenue $40.6k above YTD budget
                been earned                (71.0% or $274.6k of $386.5k annual budget earned)
                                          Properties & Facilities revenue $137.2 below YTD
                                           budget (55.13% or $948.6k of $1.7 million annual budget
                                           earned)
                                          Local Laws revenue $54.2k below YTD budget (25.9%
                                           or $51.9k of $200.0k annual budget earned)
Operating       $3.4 million (67.2%)      Operating Grants and subsidies are above YTD budget
Grants,         of the $5.1 million        expectations due to the receipt of a QRA Local
Subsidies       annual budget has          Economic Recovery Grant, QRA Emergent Works and
                been received              Disaster Funding, Queensland Arts Showcase Program
                                           Grant, Illegal Dumping Grant, Eco-Certified Tourism
                                           Destination Program 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 there is
Distributions                              limited budget variance risk




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