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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: