2015-04-28 Planning and Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                   28 APRIL 2015


EXTERNALLY RESTRICTED CASH

Unexpended Levy Funds

This category includes money received for special and separate rates and charges, as
outlined in the Revenue Statement, and for which the Overall Plan provides for funds to be
spent over a number of financial periods.

Separate accounts will be maintained for each levy or charge and funds can only be applied
in accordance with the purpose for which they were originally collected, as outlined in the
Revenue Statement. Should any levy be discontinued, remaining funds will be allocated in
accordance with the provisions of the Local Government Regulation 2012.

Developer Contributions

This category includes contributions received from developers in accordance with conditions
applied to development applications, subject to constraints imposed by other legislation.
Funds will be allocated as part of the annual budget process, and any unspent funds
received within any financial period will be constrained for future use.

Unexpended Grants and Subsidies

This category includes funds received from either State or Federal Governments by way of a
specific advance or grant that is constrained or tied to a specific project or purpose, subject
to contractual obligations or other legislation.

Carbon Tax

This category includes money collected through waste management charges to satisfy
Council’s future carbon tax liability for the Eumundi Road landfill site.


Unexpended Loans

Loans are raised each year for specific projects as outlined in Council’s debt policy, adopted
with the annual budget. Any unspent funds will be constrained for application against the
original projects identified in the budget and expended in subsequent financial years.

INTERNALLY RESTRICTED CASH

Natural Disaster Rehabilitation

Council makes provision in each budget to cater for natural disaster events, but the
frequency and severity of events cannot be planned with any accuracy. Accordingly, cash
will be restricted with a target balance of 5% of general rates revenue to cater for
rehabilitation and repairs associated with storms, flooding, bush fires or other unforeseen
events. The balance will be targeted to be maintained each year after consideration of
surplus cash available from operations, and the financial impact of any actual disaster
events.




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