It is resolved that:
(A)
Council note the financial performance of
Council for the first quarter, ending 30 September 2022,
including a Quarter 1 Net Operating Result for the Year of $53.2M and the full
year forecast of $89.0M, as outlined in the subject report and summarised in
Attachment A to the subject report;
(B)
Council note
the Quarter 1 Capital Works expenditure of $33.4M and a revised full year
forecast of $196.6M, and approve the proposed adjustments to the adopted
budget, including bringing forward $6.1M of funds into the 2022/23 capital
budget and $0.5M from the capital works contingency as detailed in Attachment B
to the subject report;
(C)
Council note
the Technology and Digital Services Capital Works of $4.6M, net of disposals,
and a full year forecast of $20.4M, and approve the allocation of $0.3M from
capital works contingency as detailed in Attachment B to the subject report;
(D)
Council note
the Quarter 1 Plant and Equipment expenditure of $1.4M, net of disposals, a
revised full year forecast of $10.9M, and approve bringing forward $1.9M of
funds into the 2022/23 budget and $30K from capital works contingency as detailed
in Attachment B to the subject report;
(E)
Council note
the Quarter 1 net Property Acquisitions of $114.6M, and the full year forecast
net Property Acquisitions of $112.8M; and
(F)
Council 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.
Carried unanimously.
X039568