2021-01-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                           18 JANUARY 2021


 Category               Summary                                       Comments
                                                                         COVID-19 pandemic closures. Any positive
                                                                         revenue variances that hold through the
                                                                         financial year will also be partially offset by
                                                                         additional variable operating costs
                                                                       Waste management disposal fees and sale of
                                                                         recoverable materials $255k above YTD
                                                                         budget (55% or $2.2 million of $4.0 million
                                                                         budget earned)
 Interest               $427k (49%) of the $870k                           Interest revenues on cash invested will need
 Received               annual budget has been                               ongoing monitoring given further recent
                        earned                                               interest rate cuts and impacts on term deposit /
                                                                             cash fund rates
 Unitywater             On track                                      Nil
 Dividend and
 Tax
 Other Revenue          $1.3 million (65%) of the $2.0                     Recoupment of Unitywater charges from
                        million budget has been                              lessees $80k above YTD budget - offset by
                        earned                                               additional utility charge expenses
                                                                           Commercial lease revenue $77k above YTD
                                                                             budget (64% or $71k of $736k budget earned)
 Operating              $3.1 million (51%) of the $5.8                     50% ($1.2 million) of the financial assistance
 Grants,                million budget has been                              grant was prepaid in May 2020 and may
 Subsidies              received                                             impact on Council’s 2020/21 final operating
                                                                             position if the prepayment approach is
                                                                             discontinued by the Australian government
                                                                           All operating grants are in line with budget
                                                                             expectations at this stage
 Unitywater             On track                                           Unitywater distributions are fixed each year so
 Distributions                                                               there is little budget variance risk
                                                                           Unitywater have advised that distributions will
                                                                             not change due to any COVID-19 impacts on
                                                                             its financial position

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

  $6.0                                              $5.4

  $5.0                                                                           YTD Budget ($m)
                 $3.8                                                            YTD Actual ($m)
  $4.0   $3.3
                                             $3.2
                                                                                         $3.0 $3.1
  $3.0

  $2.0
                                                                                                     $1.2 $1.2
  $1.0                                $0.4                 $0.6 $0.7
                        $0.4                                                $0.4 $0.6

  $0.0
                                                                                            Grants
                                                            Income




                                                                                Other
             Charges




                                                                                                       Unitywater
                                              Goods &
                                              Services
                                              Sales of




                                                             Rental
                           Interest
             Fees &




                                                                                                        Share of




                                                                                                                    Page 97 of 155