2015-11-10 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                            10 NOVEMBER 2015


1.   Operating Budget Adjustments

There have been a number of adjustments to the operating budget proposed, but with the overall
imperative that there should be no degradation to the operating position for Council. Any
requests for additional expenditure have been fully funded.

Key elements include:
 Fees and charges – minor changes reflect increased activity levels beyond what was
   originally proposed.
 Grants and subsidies – operating and capital – reflection of additional grant revenue received
   (offset by expenditure).
 Other income – recognition of additional revenue obtained from sale of quarry material.
 Employee benefits – minor adjustments to forecast based on actual performance from the
   first quarter.
 Materials and services – additional expenditure to reflect grants and Council resolutions since
   adoption of the original budget.
 Other expenses – minor adjustment based on actual performance from the first quarter.

2.   Capital Works Program Adjustments

There have been a number of adjustments to the Capital Works Program to reflect recent Council
resolutions and variations across different programs. Details for changes to each program are
outlined in the attachments. The total program has increased to $32.4 million, with the most
significant change being to the Dr Pages Road project, which was subject to a separate report to
Council in October.


Previous Council Consideration

Council varied the original budget in August with the carry-over of uncompleted projects.


Finance & Risk

There has been no change to the operating budget as a result of the proposed budget review.

Changes to the Capital Program are largely funded through the rescheduling of projects,
additional grant revenue received, and redirection from the Emergent Works allocation. Capital
program changes do not impact the operating position, and the cash position is marginally
improved.

All financial sustainability ratios remain within (or exceed) target ranges, as outlined in the
attached Budget Financial Statements.




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