2022-06-13 General Committee Meeting Agenda PUBLIC

GENERAL COMMITTEE MEETING AGENDA                                                                              13 JUNE 2022


 Category              Summary                       Comments
                                                     • Waste disposal fees $201k above YTD budget (96.4%
                                                        or $3.9 million of $4.0 million annual budget earned)
                                                     • Noosa Aquatic Centre revenue $131k above YTD
                                                        budget (100.9% or $1.73 million of $1.71 million annual
                                                        budget earned)
 Interest              $717k (107%) of the           •      Interest revenues on cash invested will need ongoing
 Received              $670k annual budget                  monitoring to ensure returns on surplus funds are
                       has been earned                      maximised as investment rates begin to increase.
 Other Revenue         $2.7m (87%) of the            •      Waste sulo bin recoveries from Cleanaway below YTD
                       $3.1 million annual                  budget $104k (45.4% or $102k of $226k annual budget
                       budget   has  been                   earned) – correlates to lower sulo bin purchases
                       earned                        •      Holiday Park electricity recoupment below YTD budget
                                                            $108k. No revenue recouped YTD due to supplier
                                                            delays from COVID. Works have now commenced,
                                                            and project is in implementation phase.
                                                     •      Unbudgeted insurance proceeds received $52k
 Operating             $8.3 million (140%) of        •      $1.4m in Community resilience and disaster
 Grants,               the $5.9 million annual              management grants have been received in respect to
 Subsidies             budget     has    been               the recent flood event. These funds have been
                       received                             recorded as operational grants until the program of
                                                            works has been finalised.
                                                     •      Council received $392k from the Black Summer
                                                            Bushfire Recovery Grant program for building bushfire
                                                            resilience through technology innovation with $167k
                                                            allocated for operational projects.
                                                     •      75% of the 2023 financial assistance grant was prepaid
                                                            in April 2022. Historically only 50% of this grant is
                                                            prepaid in June so this may impact on Council’s
                                                            2022/23 final operating position if the prepayment
                                                            approach is discontinued by the Australian
                                                            government.
 Unitywater            On track                      •      Unitywater distributions are fixed each year so little
 Distributions                                              budget variance risk


Figure 2: Operating Revenue Position by Type (Excluding Rates)

 $14.0
                                             $11.9
 $12.0                                                                  YTD Budget ($m)
                                     $10.3
                                                                        YTD Actual ($m)
 $10.0
                                                                                       $8.3
         $7.5 $8.2
  $8.0
                                                                               $5.6
  $6.0
                                                                                              $3.9 $3.9
  $4.0
                                                     $1.7 $1.7
  $2.0                 $0.6 $0.7                                   $0.9 $1.0

  $0.0
                                                         Income




                                                                       Other
             Charges




                                                                                   Grants
                                       Goods &




                                                                                                 Unitywater
                                       Services
                                       Sales of




                                                          Rental
                          Interest
             Fees &




                                                                                                  Share of




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