Closing Of Payroll Related Actions

Frank Wilkie21:50

Brings us to consideration of committee recommendations. 11.1 Audit and Risk Committee recommendations. 11.1.1 Queensland Audit Office audit committee briefing paper. 11.1.2 pro final report internal audit 2025 QAO interim report recommendations. 11.1.3 report Queensland Audit Office forward recommendations. 11.1.4 internal audit update. 11.1.5 sundry creditors in process improvements risk register. 11.1.6 closing of payroll related actions. 11.1.7 valuation of building leases to external entities. 11.1.8 capability framework and workforce planning. 11.1.9 short-term response. 11.1.10 ICT Cyber Risk Report. 11.1.11 Shell Financial Statements and end of the year financial year update. 11.1.12 financial environment monitoring exceptions and escalation policy. 11.1.13 financial environment exception reporting. PE 30 of April 2026.11.1.14 Queensland audit officers local government report. 11.1.15 technology health check. 11.1.16 fringe benefits tax project. 11.1.17 superannuation on contract payments. 11.1.18 financial services workforce plan update. 11.1.19 risk maturity progress update. 11.1.20 insurance management update. 11.1.21 fraud, corruption and BID update. 11.1.22 Audit and Risk Committee recommendations en bloc. Mover and seconder for the Audit and Risk Committee recommendations to be adopted please. I move. Councillor Wilson. Seconded, Councillor Phillips. All in favour? That's carried. We go to the General Committee recommendations. Peregian Beach active street. Look, I need to declare a prescribed conflict of interest which has been documented and I will leave the meeting room.

Thank you to the Chair. I'll take a report as written. The matter report provides the living amounts representing 92% of the financial year's actual data. Consistent with previous commentary provided in the financial reports, there are no identified financial risks expected to negatively impact council's financial position as of the 30th of June, 2026. The May 2026 report provides favourable net vaccine. Variant, result variance to the budget of $13.5 million. This comprises of $4.4 million operating variance and $9.1 million from capital funding sources, but the favourable position reflects timing of capital works and grants receipts rather than underlying performance changes. Operating revenue is tracking at $152.2 million or 99.2% of the overall budget with operating expenditure at $157 million or 89% of the budget. Performance remains stable in line with the with budget. The expectations. The Mayoral report sees a continuation in consistent with the performance trends in the monthly report. In doing so, we would like to draw specific attention to elements of the report. So on top of the page, on the table in at table the at the top of page two, there's analysis conducted of variances to both our revenue and expenses. The 4.4 million dollar operating variance to budget, 3.2 million relates to the general operating surplus with 1.2 million dollars relating to our business activities. From waste, the positive variance in expenses primarily relates to lower interest charges related to the loans associated with landfill, lower waste living charges due to a lower tonnage volume, and a lower profit share expense related to the sale of recyclable renewables. Holiday parks exhibits both increases to the revenue and expenditure. Is a result of higher occupancy rates across all three of the holiday parks, and consequently the impact of commissions related to higher revenue. To provide detailed commentary as to the materials and services variance, in our April 2026 report, materials and services report, were. Materials and services, at tracking a $1.5 million variance over budget. The May 2026 report sees a return of that only a million dollars variance budget compared to its base. Tables are provided in the report as to capital, revenue and expenditure. There's no changes based on historic trends to the numbers reported in the report. Cash management and investment performance. Council's total cash holdings as of May 2026 were $142.5 million with $7 million upheld in trust. The higher cash balances can be explained primarily driven by the re-profiling of council's capital works program. Council's investments continue well against industry benchmarks. To reduce rate arrears, are $8.5 million as of May 2026 or represent 7.2% of the revenue base. This has improved 7.8% in April with a reduction in rates of $731,000 paid relating to arrears. These amounts are consistent with historic trends and the established semi-annual pattern following July and January rates periods. In the previous financial we have had sections as questions taken on notice so we will provide a verbal update to the one that was taken as part of the April, sorry May General Committee Meeting. Again questions may not be debated but hopefully you catch the intended intent of the question. Councillor Lorentson raised a the question in regards to what was driving the reliance on current consultants and what areas do they support. In the May 2026 report there's a variance to the budget of $420,000 related to consultancy expenditure. This is primarily driven by $193,000 relating to an ICT maturity assessment and establishment of a project management office and $97,000 related to a health check of councils payroll and time sheet systems. $81,000 relates to waste management support and consultancy services and $32,000 related to industrial relations support carried out throughout the year. So in closing, Council remains in a strong and stable financial position as we reach the end of the financial year. Favourable or results are a reflection of timing and basal performance, and they're not structural in nature. As noted, there are no material risks that currently present which will impact our overall financial position at the end of the year. Thank you, and we'll be happy to take questions. Thank you, Sir. Questions? Council members.