Financial Performance Report – June 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                              17 JULY 2023


 Category            Summary                 Comments
                                                   operating position if the prepayment approach
                                                   is discontinued by the Australian government.
 Unitywater          On track                   • Unitywater distributions are fixed each year so
 Distributions                                     there is limited budget variance risk


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




Operating Expenditure (YTD Benchmark 100.0%)
Actual operating expenditure is currently 94.9% ($116.2 million) of full year budget ($122.5
million). Detailed commentary for each expenditure category is provided below.
 Category            Summary                        Comments
 Employee Costs      $41.4 million (97.5%) of the      •   Expenditure for permanent staff salaries
                     annual budget of $42.4                and wages underspent ($2.3 million) due
                     million has been expended             to position vacancies, partially offset by
                                                           additional spend on casual staff and
                                                           external labour hire ($1.4 million).
                                                       •   Training costs $23.8k under full year
                                                           budget (93.6% or $350.3k of $374.0k
                                                           annual budget spent)
 Materials and       $53.6 million (91.1%) of the      •   Civil Operations $408.5k above budget
 Services            $58.9 million annual budget           (104.7% or $9.1 million of $8.7 million
                     has been expended.                    annual budget spent)
                                                       •   Holiday Parks $306.1k above budget
                                                           (113.2% or $2.6 million of $2.3 million
                                                           annual budget spent) – offset by additional
                                                           revenue.
                                                       •   Community Facilities $94.5k above budget
                                                           (103.8% or $2.6 million of $2.5 million
                                                           annual budget spent)
                                                       •   Governance $53.5k above budget
                                                           (106.3% or $902.4k of $848.9k annual
                                                           budget spent)
                                                       •   Environmental Services $1.9 million below
                                                           budget (61.2% or $3.1 million of $5.0
                                                           million annual budget spent) Note: $420k
                                                           relates to levy funded projects any net
                                                           balance of levy funds will be transferred to
                                                           reserves for future use.
                                                       •   Asset Management $557.9k below budget
                                                           (57.2% or $744.5k of $1.3 million annual
                                                           budget spent) Note: $476.4k relates to
                                                           levy funded projects any net balance of