2020-05-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                 18 MAY 2020


Category                    Summary                                   Comments
                                                                       Canals and Waterways $112k below YTD
                                                                         budget (26% or $42k of $166k budget spent) –
                                                                         timing of contracted canal dredging works
                                                                       Public Amenity materials and services $68k
                                                                         below YTD budget (76% or $376k of $495k
                                                                         budget spent)
                                                                       Disaster Management $100k above YTD budget
                                                                         (419% or $100k of $27k budget spent) –traffic
                                                                         control and other contract costs associated with
                                                                         fire events. QRA grant claim has been submitted
                                                                         to partially recover costs.
                                                                       Hastings Street Maintenance Levy $282k above
                                                                         YTD budget (225% or $506k of $225k budget
                                                                         spent) – tree lighting replacement program
                                                                         completed - to be funded from reserve
                                                                       Development assessment legal appeals costs
                                                                         $159k above YTD budget (99% or $994k of $1.0
                                                                         million budget spent)
                                                                       Development application costs $265k above
                                                                         YTD budget (348% or $348k of $100k budget
                                                                         spent)
Finance Costs               On track                                  Nil
Depreciation                On track                                  Nil
Other Expenses              On track                                  Nil

Figure 3: Operating Expenditure Position by Type

$40.0
                                   $35.7 $34.9
                                                                            YTD Budget ($m)
$35.0
                                                                            YTD Actual ($m)
$30.0      $26.8 $26.1
$25.0
$20.0
                                                                                  $15.6 $15.6
$15.0
$10.0
 $5.0                                              $1.3 $1.3                                         $0.2 $0.2
 $0.0
                                       Materials




                                                      Finance Costs
                Employees




                                                                                      Depreciation




                                                                                                        Other




Capital Revenue
YTD capital revenue of $6.9 million received comprises cash contributions from developers ($1.7
million) and capital grants ($5.0 million). Included in capital revenue is an unbudgeted grant for
bushfire disaster recovery ($1.3 million) and an early milestone grant payment for the Orealla
bridge replacement project ($1.4 million). Note that the timing of capital grant receipts are
generally dependent on the timing of grant conditions and also capital delivery performance, and
that the timing of the receipt of developer contributions (both cash and contributed) is
unpredictable.


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