2018/19 Quarter 1 Review – Delivery Program 2017–2021
Decision Maker: Council
Decision status: Recommendations Determined
Decisions:
S096187
It is resolved that Council:
(A)
note the financial performance of Council for
the first quarter, ending 30 September 2018, including the Quarter 1 Net Deficit
of $30.2M and the full year Net Surplus forecast of $7.2M, as outlined in the
subject report and summarised in Attachment A to the subject report;
(B)
note the Quarter 1 Capital Works expenditure of
$91.3M and a revised full year forecast of $269.5M, and approve the proposed
adjustments to the adopted budget, including bringing forward $3.0M of funds into 2018/19 capital
budget, as detailed in Attachment B to the subject report;
(C)
note the Information Services capital
expenditure of $1.7M, net of disposals, and a full year forecast of $12.6M;
(D)
note the Quarter 1 Plant and Assets expenditure
of $2.5M, net of disposals, and the full year forecast of $20.6M;
(E)
note the Quarter 1 Property Divestment proceeds
of $0.01M, and the full year forecast net Divestment of $58.3M;
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.
Report author: Vicky Hobson
Publication date: 19/11/2018
Date of decision: 19/11/2018
Decided at meeting: 19/11/2018 - Council
Accompanying Documents:
- 2018/19 Quarter 1 Review – Delivery Program 2017–2021 PDF 270 KB
- Attachment A - Financial Results Summary PDF 491 KB
- Attachment B - Capital Expenditure Financial Results PDF 188 KB
- Attachment C - First Quarter Supplementary Report 2018/19 PDF 565 KB
- Information Relevant To Item 6.2 - 2018/19 Quarter 1 Review - Delivery Program 2017-2021 PDF 115 KB
- Attachemnt A - Updated Attachment B - Capital Expenditure Financial Results PDF 538 KB