2015-04-28 Planning and Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                      28 APRIL 2015


 Materials and Services – 64% of YTD budget ($24.1m) has been expended compared to
   the YTD benchmark of 75% ($25.6m). Contract services costs are behind YTD budget
   levels, and will continue to be monitored for potential adjustment with the March budget
   review.
 Finance Costs – generally in accordance with budget, and with the credit card surcharge
   applying from January, there has been a favourable impact on the net cost of merchant
   fees.
 Depreciation expenses are currently running in accordance with budget forecasts.
 Other Expenses – generally in accordance with budget.

Figure 3: Recurrent Expenditure Position by Type
 $30

 $25
                                                      YTD Budget ($m)
 $20                                                  YTD Actual ($m)

 $15

 $10

  $5

  $0
                                      Finance Costs
                         Materials




                                                              Depreciation
            Employees




                                                                             Other




Capital Works Program

Year to date capital expenditure is $8.0 million against a revised YTD budget of $12.5
million. Detailed discussion of progress in the delivery of the capital works program is
provided periodically to the Infrastructure and Services Committee. The attached schedule of
capital works shows the financial performance detail for each program and project.

Cash Management and Investment Performance

Council funds are invested in accordance with the adopted Investment Policy. Total cash on
hand as at 31 March 2015 was $69.2 million (year-end cash holdings are projected at
approximately $33 million). The investment portfolio is balanced across a number of
agencies, as shown in the graph on the left. The graph on the right shows the current risk
profile using industry credit ratings.




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