CITY OF STIRLING

MINUTES

POLICY, CORPORATE PLANNING, BUDGET AND FINANCE COMMITTEE MEETING
24 SEPTEMBER 2002

ITEM SUBJECT / LOCATION / NAME PAGE

Nil.

Nil.

Nil.

* - Indicates Separate Attachments submitted with Agenda.

# - Item requiring special Council attention.

@ - Indicates Councillor Interest.

MINUTES OF THE POLICY, CORPORATE PLANNING, BUDGET AND FINANCE COMMITTEE HELD IN THE PARMELIA ROOM, CIVIC PLACE, STIRLING ON TUESDAY 24 SEPTEMBER 2002

Present:

Chairman

D Boothman

 

Mayor

D C Vallelonga JP

 

Members

T W Clarey, B R Ham, S Popovski, T J Tyzack, R M Willox JP

 

Observers

J M Camilleri OAM JP, J Copley JP, R J Daniel, A A Spagnolo JP

 

Staff

Chief Executive Officer - L Delahaunty, Deputy Chief Executive Officer - R A Constantine, Executive Manager Corporate and Customer Services - C Watts, Executive Manager Planning and Development - S Johnson, Executive Manager Community Development - T Holland, Manager Client Services - Darren Simmons, Manager Information Technology - G Jamison, Manager Accounting Services - G Reddin, Manager Community Safety - L Crouch, Manager Community Services - C Brereton, Beach Services Co-ordinator - J Snook, A/Manager Recreation Services - Jim McNeilly, Corporate Support Officer - N Robinson

 

Public

1

 

Press

Nil.

DECLARATION OF OPENING OF MEETING

APOLOGIES

Nil.

MINUTES

Moved Councillor Vallelonga, seconded Councillor Ham

That the Minutes of the Meeting of 27 August 2002 be confirmed, and signed by the Chairman as a true and correct record of proceedings.

The motion was put and declared CARRIED.

ITEMS BEHIND CLOSED DOORS

Nil.

DISCLOSURE OF INTERESTS

Nil.

Moved Councillor Vallelonga, seconded Councillor Clarey

That consideration of agenda items be SUSPENDED to allow for a presentation from Pretzel Logic representative, Mr S Walsh.

The motion was put and declared CARRIED.

The Deputy Chief Executive Officer introduced Mr Walsh, who proceeded to give a presentation outlining the `Final Report' conclusions and future actions for the City's website redevelopment. (Item F16 refers)

At 7.04pm Councillor Spagnolo retired from the meeting.

At 7.20pm Councillor Tyzack left the meeting during the Pretzel Logic presentation and returned at 7.25pm.

Moved Councillor Popovski, seconded Councillor Willox

That normal agenda order be resumed.

The motion was put and declared CARRIED.

Moved Councillor Popovski, seconded Councillor Ham

That Item CS4 be brought forward for consideration.

The motion was put and declared CARRIED.

FINANCE

Item F1 was discussed after Item CS4 and normal agenda order resumed.

Items F1, F2 and F3 were considered en bloc.

F1 SUMMARISED FINANCIAL REPORT AS AT PERIOD 1 ENDING 30 JULY 2002

REPORT Deputy Chief Executive Officer - 9 September 2002

Moved Councillor Clarey , seconded Councillor Vallelonga that

RECOMMENDATION TO COMMITTEE

REPORT PURPOSE

To provide each month a highly summarised report relating to key financial activity for the period to date.

BACKGROUND

Each month a number of detailed financial reports are produced from which the Summarised Financial Report is prepared, providing an overview of the key financial results.

The following detailed financial reports have been tabled:

1. Monthly Investment Report
2. Consolidated Financial Report and Funds Position
3. Rates and Charges Summary
4. Statement of Income and Expenditure by Nature
5. Monthly Financial Statements
a) Report 1 by Program
b) Report 2 by Revenue and Expense Type
c) Report 3 by Activities

SUMMARISED FINANCIAL REPORT PERIOD 1 ENDING 30/7/02 (7.69% OF YEAR COMPLETED)

 

Annual Budget

Year to Date
July 2002

Comparison

 

$M

Actual

%

July 2001 %

Consolidated Revenue & Expense

       

Total Operating Revenues

96.210

72.096

75

73

Total Operating Expenses

99.583

6.598

7

6

Includes Rates

57.780

57.247

99

94

Charges

21.828

13.404

61

62

Investment Interest

2.487

0.054

2

4

Government Grants

4.649

0.004

0

2

Depreciation Charged

5.604

0.488

9

7

(Fixed Assets)

       

Assets

       

Infrastructure

27.872

0

0

0

Fixed Assets

16.725

0.519

3

5

         

Funds Position

   

$M

$M

Cash at Bank Municipal Funds

 

0.73 O/D

0.2 O/D

Combined Funds

 

5.49 O/D

5.5 O/D

Investments Municipal Funds

 

11.71

0.8

Combined Funds

 

35.25

23.1

Rate Debtors

 

72.55

70.1

Net Funds Municipal Funds

 

85.08

72.9

Combined Funds

 

110.30

96.4