2019-06-17 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                            17 JUNE 2019


RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 17 June 2019 outlining May 2019 year to date financial performance against
budget.


REPORT
Operating Revenue (YTD Benchmark 92%)
Council has received 100% ($95.4 million) of its operating revenue budget ($95.1 million).
Commentary on each revenue category is provided below.


 Category        Summary                          Comments
 Rates and       $66.5 million (102%) of the          Overall, rates and levies earned are in line with
 Levies          annual budget of $65.2                 YTD budget.
                 million has been earned
 Fees and        $6.8 million (106%) of the           Development related fees $393k above YTD
 Charges         $6.3 million annual budget             budget (122% or $1.6 million of $1.4 million
                 has been earned                        budget earned) – offset by additional salary and
                                                        development appeal legal costs above YTD
                                                        budget
                                                      Building and plumbing application/ search fees
                                                        $104k above YTD budget (100% or $1.8 million of
                                                        $1.8 million budget earned)
                                                      Waste temporary bin collection services $53k
                                                        above YTD budget (458% or $66k of $14k budget
                                                        earned)
                                                      Community land use permits $65k above YTD
                                                        budget (117% or $438k of $375k budget earned)
                                                      Local laws fees $101k above YTD budget (103%
                                                        or $1.4 million of $1.3 million budget earned)
                                                      Waste management temporary bin services $55k
                                                        above YTD budget (306% or $75k of $25k budget
                                                        earned)
 Sale of Goods   $8.9 million (96%) of the $9.3       Eumundi Road landfill disposal charges and
 and Services    million budget has been                recyclable sales $227k above YTD budget (100%
                 received                               or $3.0 million of $3.0 million budget earned)
                                                      Holiday parks $39k above YTD budget (87% or
                                                        $2.9 million of $3.1 million budget earned) – offset
                                                        by additional operating costs and commission
                                                      Noosa Leisure Centre $58k above YTD budget
                                                        (102% or $549K of $536k budget earned)
 Interest        $4.6 million (99%) of the $4.6       Investment revenue $172k above YTD budget
 Received        million annual budget has              (96% or $1.6 million of $1.7 million budget earned)
                 been earned                          Interest on overdue rates and charges $43k above
                                                        YTD budget (102% or $468k of $458k budget
                                                        earned)
 Dividend and    On track                         Nil
 Tax
 Other           $2.3 million (106%) of the           Works Operations internal plant hire recoveries
 Revenue         $2.2 million budget has been           $510k above YTD budget (188% or $1.0M of
                 earned                                 $540k budget earned) – offset by internal hire
                                                        charges

                                                                                            Page 12 of 20