2019/20 Quarter 2 Review - Delivery Program 2017-2021
17/02/2020 - 2019/20 Quarter 2 Review - Delivery Program 2017-2021
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