2019-09-10 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                 10 SEPTEMBER 2019


Waste Management

    Statement of Income and            2018/19           2018/19                 %              YTD
           Expenses                    Current            YTD                  Current        Variance
                                       Budget            Actuals               Budget

Total Revenue                          16,277,837          16,631,669             102.2%          353,832
Total Expenditure                      13,245,706          13,988,670             105.6%        (742,964)
Operating Result                        3,032,131           2,642,999                           (389,132)


Expenditure Summary
Employee Benefits                         860,695             848,358              98.6%           12,337
Materials & Services                    8,971,014           8,270,797              92.2%          700,217
Finance Costs                             179,143           1,631,939             911.0%      (1,452,796)
Other Expenses                                320                 320             100.0%                0
Depreciation & Amortization               762,282             742,008              97.3%           20,274
Internal Charges                        1,196,912           1,219,908             101.9%         (22,996)
Competitive Neutrality                  1,275,340           1,275,340             100.0%                0
Total                                  13,245,706          13,988,670                           (742,964)




                                    Waste Management
18,000,000
16,000,000
14,000,000
12,000,000
10,000,000
 8,000,000
 6,000,000
 4,000,000
 2,000,000
         0
                    Total Revenue                Total Expenditure                 Operating Result
                                    2018/19                          2018/19
                                    YTD                              YTD
                                    Budget                           Actuals


Budget Commentary

The Waste Section budget report for the 2019FY shows that revenue and expenditure was above
estimates by $353,832 and $742,964 respectively. There was an annual operating surplus of
$2,642,999, which was $389,132 less than predicted.




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