2015-03-09 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                 9 MARCH 2015


2      DECEMBER 2014 QUARTERLY BUDGET REVIEW - FURTHER REPORT
Author           Manager Financial Services, Wayne Jensen
                 Corporate Services Department

Index            ECM/ Subject/ 7.06 2014/2015 Budget

Attachments      1.    Schedule of Proposed Budget Adjustments
                 2.    Revised Budget Financial Statements


EXECUTIVE SUMMARY
Nil.

RECOMMENDATION
That Council note the report by the Manager Financial Services to the Planning & Organisation
Committee Meeting dated 3 March 2015 and the further report to the General Committee dated 9
March 2015, and approve the requested changes to the budget for the 2014/2015 financial year
as outlined in the Schedule of Proposed Budget Adjustments (Attachment 1) and Budget
Financial Statements (Attachment 2).


REPORT
The December 2014 Quarterly Budget Review report was presented to the Planning &
Organisation Committee on 3 March 2015. The Committee requested that the costs and savings
incorporated in the budget review associated with the recently appointed Electrician be reviewed
and updated where appropriate in the report and attachments.
The original report to the Planning and Organisation committee on 11 November 2014 identified
approximately $38k in savings that would be realised from the appointment of an internal
electrician as opposed to continuing with contracting out electrical maintenance works. The total
cost of the internal electrician identified in the report for a full year was estimated at $257k
(including $161k materials), compared to the contractor cost of $296k (refer below for an extract
from the original report).




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