2022-06-13 General Committee Meeting Agenda PUBLIC

GENERAL COMMITTEE MEETING AGENDA                                                                             13 JUNE 2022


Figure 3: Operating Expenditure Position by Type
                            $42.3 $42.6
$45.0
                                                                    YTD Budget ($m)
$40.0
           $34.8 $34.0                                              YTD Actual ($m)
$35.0
$30.0
$25.0
                                                                           $18.0 $18.0
$20.0
$15.0
$10.0
 $5.0                                           $1.0 $1.0                                         $0.2 $0.2
 $0.0



                                                    Finance Costs
                                Materials




                                                                               Depreciation
               Employees




                                                                                                     Other
Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Expenditure at 31 May 2022 is outlined below:
 Expenditure                   Annual Budget                         YTD Budget               YTD Actual      YTD Variance
                                         $m                                 $m                       $m
 Payment to Tourism Noosa                   $2.52                          $2.52                   $2.52                 -

 Economic Development                       $1.06                          $0.85                   $0.61             $0.34

 Total                                      $3.58                          $3.47                   $3.13             $0.34

All instalments payable under the Tourism Noosa agreement for the 2021-22 financial year have
been made. The current agreement, which was due for renewal at 30th June 2022 has been
extended for a further 12 months.
YTD Economic Development expenditure is below budget due to lower employee costs ($95k),
due the Branch Manager acting as Director of Environment & Sustainable Development for part of
the financial year and vacancies in the branch. This has also impacted timing for delivery of
initiatives under the Local Economic Plan ($204k). The timing of the Firetech conference ($43k),
which is grant funded, has also been delayed due COVID impacts. Discussions are ongoing to
reschedule the conference now restrictions have eased.
Tourism and economic development activity is funded through the general rate, with 5.8% of the
annual general rate committed towards tourism and economic development. Should actual general
rate revenue fall below budget, this does not impact Council’s contractual commitment to fully fund
all tourism and economic development activity. Any general rate revenue shortfall is funded
through other general revenue sources to ensure all planned activities are undertaken in full.
Disaster Recovery Works
To date Council has incurred $704k in cost associated with remediation works and counter disaster
operations resulting from the February 2022 flood event with a further $254k in commitments.
Erscon Consulting have been engaged to assess and quantify the damage to infrastructure and
other Council assets and once complete Council will be provided with a report outlining the works
required.



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