Decision Maker: Council
Decision status: Recommendations Determined
It is resolved that Council:
(A)
note the financial performance of Council for
the first quarter, ending 30 September
2019, including the Quarter 1 Net Surplus of 32.0M and the full year Net
Surplus forecast of $45.9M, as outlined in the subject report and summarised in
Attachment A to the subject report;
(B)
note the Quarter 1 Capital Works expenditure of
$41.5M and a revised full year forecast of $270.8M, and approve the proposed
adjustments to the adopted budget, including bringing forward $13.3M of funds
into the 2019/20 capital budget, as detailed in Attachment B to the subject
report;
(C)
note the Information Services capital
expenditure of $2.6M, net of disposals, and a full year forecast of $19.4M;
(D)
note the Quarter 1 Plant and Assets expenditure
of $3.6M, net of disposals, and the full year forecast of $19.2M;
(E)
note the Quarter 1 Property Divestment proceeds
of $22.0M, and the full year forecast net Property Acquisitions of $134.7M; and
(F)
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 1, as
detailed in Attachment C to the subject report.
Carried unanimously.
S096187
Report author: Bill Carter
Publication date: 18/11/2019
Date of decision: 18/11/2019
Decided at meeting: 18/11/2019 - Council
Accompanying Documents: