2017-12-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                   18 DECEMBER 2017


Operating Expenditure (YTD Benchmark 41.7%)
Actual operating expenditure is currently 38.2% ($35.5 million) of full year budget ($92.9 million).
Detailed commentary for each expenditure category is provided below:
    Employee Costs – $11.1 million (36.5%) of the annual budget of $30.4 million, with
      underspend in Salaries and wages ($214k) and training ($105k) offset by spend above
      budget on external labour hire by Civil Operations and Environmental Services ($217k).
    Materials and Services – $15.6 million (37.8%) of the $41.2 million annual budget has
      been spent. Contract services are below YTD budget ($310k) within a range of areas
      including Waste Management with transition to new collection and landfill contract ($186k),
      levy spend from Hasting Street Levy ($54k), Public Transport Levy ($24k) and Environment
      Levy ($21k) spend, Art Gallery programs ($27k) Economic Development ($29k) and
      Community Development ($25k). This is partially offset by budget in Civil Operations above
      budget ($100k) due to arborist costs.
    Finance Costs – in accordance with YTD budget.
    Depreciation Expense – in accordance with YTD budget.
    Other Expenses – in accordance with YTD budget.

Figure 3: Operating Expenditure Position by Type
 $18
                                        YTD Budget ($m)
 $16
                                        YTD Actual ($m)
 $14
 $12
 $10
  $8
  $6
  $4
  $2
  $0
                                            Finance Costs
                            Materials




                                                            Depreciation
             Employees




                                                                           Other




Capital Revenue
YTD capital revenue of $815k received comprises cash contributions from developers ($480k)
and capital grants ($335k). Note that the timing of capital grant receipts are generally dependent
on the timing of associated capital expenditure, and that the timing of the receipt of developer
contributions (both cash and contributed) is unpredictable.




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