2019/20 Quarter 2 Review - Delivery Program 2017-2021

Decision Maker: Council

Decision status: Recommendations Determined

Decisions:

It is resolved that Council:

(A)      note the financial performance of Council for the second quarter, ending 31 December 2019, including the Quarter 2 Net Surplus of $58.2M and the full year Net Surplus forecast of $54.5M, as outlined in the subject report and summarised in Attachment A to the subject report;

(B)      note the Quarter 2 Capital Works expenditure of $86.1M, and full year forecast of $245.0M, and approve the proposed adjustments to the adopted budget including bringing forward $6.8M of funds into 2019/20 capital budget, as detailed in Attachment B to the subject report;

(C)      note the Information Services capital expenditure of $6.0M, net of disposals, and a full year forecast of $18.5M;

(D)      note the Quarter 2 Plant and Assets expenditure of $6.4M, net of disposals, and the full year forecast of $18.7M;

(E)      note the Quarter 2 Property Divestment proceeds of $25.5M, and the full year forecast net Property Acquisitions of $131.7M,

(F)      note the operational performance indicators and Quarter 2 achievements against the Operational Plan 2019/20 objectives, as detailed in Attachment C to the subject report;

(G)      note the supplementary reports, including contracts issued over $50,000, major legal issues and the Quick Response, Banner Pole and Reduced Rate Grant Programs in Quarter 2, as detailed in Attachment D to the subject report; and

(H)      note the Environmental Sustainability Progress Report, as shown at Attachment E to the subject report.

Carried unanimously.

S096187

 

Report author: Bill Carter

Publication date: 17/02/2020

Date of decision: 17/02/2020

Decided at meeting: 17/02/2020 - Council

Accompanying Documents: