Decision details

It is resolved that Council:

(A)      note the financial performance of Council for the second quarter, ending 31 December 2021, including a Quarter 2 Net Surplus of $23.4M and the full year Net Surplus forecast of $8.3M, as outlined in the subject report and summarised in Attachment A to the subject report;

(B)      note the Quarter 2 Capital Works expenditure of $82.8M and a revised full year forecast of $211.3M, and approve the proposed adjustments to the adopted budget, including bringing forward $4.4M of funds into 2021/22 capital budget as detailed in Attachment B to the subject report;

(C)      note the Information Services capital expenditure of $7.8M, net of disposals, and a full year forecast of $23.7M and approve the proposed adjustments to the adopted budget, including bringing forward $0.6M of funds into 2021/22 capital budget and transfer of $0.4M from the capital works contingency, as detailed in Attachment B to the subject report;

(D)      note the Quarter 2 Plant and Assets expenditure of $2.2M, net of disposals, and a revised full year forecast of $12.5M and approve the proposed adjustments to the adopted budget by transferring $0.6M from capital works contingency, as detailed in Attachment B to the subject report;

(E)      note the Quarter 2 Property Divestment of $33.8M, and the full year forecast net Property Divestment of $24.1M;

(F)      note the operational performance indicators and Quarter 2 achievements against the Operational Plan 2021/22 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;

(H)      extend the period for the Community Recovery Plan to June 2022; and

(I)        note the second quarter 2021/22 Community Recovery Plan report, as shown at Attachment E to the subject report.

Carried unanimously.

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