2020-05-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                18 MAY 2020


Category              Summary                          Comments
Fees            and   $5.6 million (85%) of the $6.7      Plumbing application fees $82k above YTD
Charges               million annual budget has             budget (95% or $922k of $971k budget earned)
                      been earned                         Cemetery fees $63k above YTD budget (111%
                                                            or $253k of $229k budget earned)
                                                          Building application and compliance fees $76k
                                                            below YTD budget (73% or $532k of $730k
                                                            budget spent)
                                                          Development related fees $83k below YTD
                                                            budget (77% or $1.2 million of $1.6 million
                                                            budget earned)
Sale of Goods         $7.5 million (74%) of the           Waste management disposal fees and
and Services          $10.1 million budget has              recyclable sales $129k below YTD budget (80%
                      been received                         or $3.5 million of $4.3 million budget earned) –
                                                            Waste disposal restrictions in place due to the
                                                            COVID-19 pandemic will impact on disposal
                                                            revenues and potentially recyclable sales
                                                          Community Facilities (NAC, NLC and The J)
                                                            $263k below YTD budget (73% or $1.9 million of
                                                            $2.5 million budget earned) – Facility closures
                                                            due to the COVID-19 pandemic will result in full
                                                            year revenue shortfall of approximately $670k
                                                            should closures remain in place through to 30
                                                            June 2020
                                                          Holiday Park sales $429k below YTD budget
                                                            (67% or $2.0 million of $3.1 million budget
                                                            earned) – Park closures due to the COVID-19
                                                            pandemic will result in full year revenue shortfall
                                                            of approximately $1 million should closures
                                                            remain in place through to 30 June 2020
Interest              $1.4 million (98%) of the $1.4      Investment interest revenue $92k above YTD
Received              million annual budget has             budget (95% or $961k of $1.0 million budget
                      been earned                           earned)
                                                          Recent downward movements in interest rates
                                                            and COVID-19 pandemic cash flow impacts will
                                                            be monitored for any negative impact on the
                                                            overall interest revenue budget
Rental and Lease      $1.9 million (83%) of the $2.3      Rental and lease revenue budgets will be
/ Other Revenue       million budget has been               impacted by the COVID-19 pandemic, with relief
                      earned                                provided to tenants and lessees due to facility
                                                            and business closures
                                                          A full year budget shortfall of approximately
                                                            $380k is expected with business rent relief
                                                            provided through to June, and should facility
                                                            closures remain in place through to June 2020
Operating             $3.8 million (76%) of the $5.0      50% or $1.1 million of the financial assistance
Grants,               million budget has been               grant was prepaid in June 2019 and may impact
Subsidies             received                              on Council’s 2019/20 final operating position if
                                                            the prepayment approach is discontinued by the
                                                            Australian government
                                                          All other operating grants are in line with budget
                                                            forecasts at this stage
Unitywater            On track                            Unitywater distributions are fixed each year so
Distributions                                               little budget variance risk
                                                          Unitywater have advised that distributions will
                                                            not change due to any COVID-19 impacts on its
                                                            financial position

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