2023-02-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                               13 FEBRUARY 2023


Category        Summary                   Comments
                                             Waste Management fees $39.9k above YTD budget
                                              (55.3% or 121.0k of $219.0k annual budget earned)
                                             Cemetery fees $32.3k above YTD budget (68.9% or
                                              $211.01k of $306.4k annual budget earned)
                                             Revenue Services property search and change of
                                              ownership fees $55.6k below YTD budget (56.1% or
                                              $215.1k of $383.5k annual budget earned)
Sale of Goods   $8.0 million (64.7%) of      Waste disposal fees $353.0k above YTD budget
and Services    the annual budget of          (62.5% or $2.6 million of $4.2 million annual budget
                $12.3 million has been        earned)
                earned                       Holiday Park revenue $327.8k above YTD budget
                                              (73.6% or $2.6 million of $3.5 million annual budget
                                              earned). Any revenue upside will be generally offset by
                                              a corresponding increase in associated operating
                                              costs
                                             Community Facility fees $292.5k above YTD budget
                                              (67.2% or $1.9 million of $2.8 million annual budget
                                              earned) Any revenue upside will be generally offset by
                                              a corresponding increase in associated operating
                                              costs
                                             Waste Management sales of recyclables $188.8k
                                              below YTD budget (46.3% or $690.8k of $1.5 million
                                              annual budget earned)
Interest        $2.3 million (262.7%)        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   $1.6 million (55.7%) of      Waste Management royalties $32.5k 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 $40.6k above YTD budget
                                              (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       $2.7 million (52.6%) of      Operating Grants and subsidies are above YTD budget
Grants,         the $5.1 million annual       expectations due to the receipt of new grant funding for
Subsidies       budget has been               QRA Local Economic Recovery Grant, QRA Emergent
                received                      Works 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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