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.
X039568