Financial Performance Report – June 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                             17 JULY 2023




Consultancy costs are $488.3k below budget (77.2% or $1.6 million of $2.1 million of annual budget
spent).

The requirement for expenditure on external consultancy is dependent on the type and specialist
nature of projects being undertaken and may fluctuate as a result. They may also relate to initiatives
underway during 2023/23, not yet complete and some may carry over into 2023/24.

Note: the above amounts relate to operational projects only and do not reflect consultancy
expenditure incurred in respect to capital projects.

Capital Revenue
Full Year Capital revenue of $40.6 million received comprises cash contributions from
developers ($3.2 million) and capital grants ($36.9 million). Note that the timing of capital grant
receipts are generally dependent on the timing of grant conditions and also capital delivery
performance, and that the timing of the receipt of developer contributions (both cash and
contributed) is unpredictable.

Council has received funding approval from the Queensland Reconstruction Authority for
reconstruction works relating to the Black Mountain landslip and several other flood impacted
sites, which occurred during the February 2022 rain event. Following this approval, Council has
received upfront payments of $23.9 million to fund these works.

Figure 4: Capital Revenue by Type