ATTACHMENT 2 -STATEMENT OF RECOMMENDED BUDGET ADJUSTMENTS - 1 OCTOBER 2013 TO 31 DECEMBER 2013

Department Cost Centre

Income

Increase/

(Decrease)

Expenditure

Increase/

(Decrease)

Net Income and

Expenditure Forecast

FAVOURABLE/

(UNFAVOURABLE)

Transfers (to)

from

S94/Reserves

Net Surplus

(Deficit) Description

General Manager Community Economic Projects - 15,200 (15,200) - (15,200)

Additional economic development project funding required - Emergency Mgt - $10K -

Northern Gateway Project - $4K - Other - $1.2K.

General Manager - Subscriptions - 5,000 (5,000) - (5,000) Additional professional development costs

Council & Civic 7,100 6,000 1,100 - 1,100 Reimbursement for LG referendum - $7.1K, Increase in MIDROC subscription - $6K

General Revenue Interest Revenue (350,000) - (350,000) - (350,000)

Reduction in interest income mainly due to budgeted weighted average interest rate of

4.7% compared to the remainder of the year budget based on 3.7%

Loan Interest Repayments/SRV 32,384 32,384 - - - MIN233/13 (Dec). Additional Interest on $2m SRV loan funding

S94 Income 204,450 204,450 (204,450) - Additional S94 income transferred to reserves

Organisational Development Staff Costs - Organisational Development - (3,000) 3,000 - 3,000 Savings in salary (offset over expenditure in retirement costs)

Retirement Costs - 3,000 (3,000) - (3,000)

Over expenditure due to MALC redundancy job search claims and higher than expected

staff exits incurring 'gifts on retirement' payments (offset by savings in wages)

Strategic Planning S94 Projects - 14,000 (14,000) 14,000 - Allocation of $14k to Crowdy Head SLSC as per Greater Taree S94 Plan

Community Building Partnership - (3,294) 3,294 (3,294) - MIN229/13 (Nov) - Transfer unspent S94 back to reserves as project completed

Seashells resort, Lot 17/18 DP 7,000 7,000 - - - Initial income of $7k to commence rezoning (offset by expenditure)

Local Heritage Fund 2,050 2,050 - - - Donation from RSL of $2k for memorial clock works (offset by expenditure)

Big Swamp/Cattai CFOC 134,689 134,689 - - - Additional grant from CMA for $114.3k, plus interest of $20.4k (offset by expenditure)

Local Government Energy Efficiency 28,388 28,388 - - - Grant income (offset by expenditure)

Old Bar Beach Coastal Protection 78,786 78,786 - - -

Grant income received - $70.2K plus Council's contribution ($8.6k) from environmental

projects in accordance with the 89/11% split agreed with the Minister.

Governance Staff Costs - (35,200) 35,200 - 35,200 Savings in salary as 1 FTE position remains vacant

Finance Audit Fees - 9,800 (9,800) - (9,800)

MIN265 (Dec). Additional $9.8k for audit fees related to the review of infrastructure

assets useful lives & depreciation estimates

Rural Fire Service (61,996) (80,996) 19,000 - 19,000 Estimated savings due to reduction in contribution payable to RFS

Property & Procurement Properties 74,667 - 74,667 (74,667) - Sale of property (transferred to reserves)

Asset Planning Wingham Flood Warning - - - (2,650) (2,650) Project savings (transferred back to reserves)

SRV Works (28,713) 1,971,287 (2,000,000) 2,000,000 -

SRV loan funding as per MIN233/13 (Dec) - Stage 3 Manning Point Road total value $2.9m

funded by loan - $2m & 900k carryover SRV funds. Funding reduced by net interest

payments after LIRS

SRV Works - 370,000 (370,000) 370,000 -

Transfer $370k from Stormwater reserve for Pultney Street reconstruction to concurrently

remidiate the trunk stormwater drainage associated with this project.

Stormwater Management 6,050 - 6,050 (6,050) - Additional income received (transfer to reserves)

MR111 Lakes Way & Blackhead Rd 350,000 350,000 - - - Additional funding received from RMS (to be offset by expenditure)

MR90 Koribah Lane to Avalon Rd 770,000 770,000 - - - Additional funding received from RMS (to be offset by expenditure)

Natural Disaster 3,607,080 3,607,080 - - - Additional funding received from RMS (to be offset by expenditure)

Regulatory Services Building Services 5,000 - 5,000 - 5,000 Additional income received for OSSM

Development Services 2,500 - 2,500 - 2,500 Additional income received

Ordinance Control 50,000 - 50,000 - 50,000 Increase due mostly to sale of stock and follow up program for unregistered animals

Community Wellbeing Waste Management 472,000 - 472,000 (472,000) - Increase in Domestic Waste income compared to budget (transferred to reserves)

Waste Management - 275,000 (275,000) 275,000 -

MIN155/13 (Sept) - $250k, plus $25k for essential works to replace leachate pipeline to

sewer & reconstruct leachate pond.

Infrastructure Services Infrastructure Services - 8,830 (8,830) - (8,830) MIN229/13 (Nov) Macquarie St Carpark required urgent unscheduled maintenance

Infrastructure Services 6,000 6,000 - - - Additional income from private works (offset by expenditure)

Infrastructure Services (12,000) (12,000) - - - Correction to original budget internal works no longer required

ALL COST CENTRES 2nd Quarter Budget Movements - Surplus/(Deficit) 5,385,435 7,560,004 (2,174,569) 1,895,889 (278,680)

*Operational Result Balance Sheet Net Result

Opening Balance Adopted Budget - Surplus/(Deficit) 3,105,195 (3,528,790) (423,595) Deficit

Quarterly Reviews 1st Quarter Budget Result - Surplus/(Deficit) 191,504 - 191,504 Surplus

2nd Quarter Budget Result - Surplus/(Deficit) (278,680) - (278,680) Deficit

Amended Budget - Surplus/(Deficit) 3,018,019 (3,528,790) (510,771) Deficit

Staff Report C4 - Attachment (ii)