CITY OF STIRLING

MINUTES

POLICY, CORPORATE PLANNING, BUDGET AND FINANCE COMMITTEE MEETING
26 August 2003


ITEM SUBJECT / LOCATION / NAME PAGE

NIL.

NIL.

* - Indicates Separate Attachments submitted with Agenda.

# - Item requiring special Council attention.

@ - Indicates Councillor Interest.

MINUTES OF THE CORPORATE AND COMMUNITY SERVICES COMMITTEE HELD IN THE SCARBOROUGH COMMUNITY CENTRE, 173 GILDERCLIFFE STREET, SCARBOROUGH ON TUESDAY 26 AUGUST 2003

Present:

Acting Chairman

Councillor D C Vallelonga JP

 

Members

Councillors D Boothman, R J Daniel, B R Ham, P L Rose JP and R M Willox AM JP (Deputy for Councillor Clarey)

 

Observers

Councillors J M Camilleri OAM JP and S Popovski

 

Staff

Chief Executive Officer - L Delahaunty, Deputy Chief Executive Officer - R A Constantine, Director Community Development - T Holland, Manager Council Support - D Simmons and Corporate Support Officer - N Robinson

 

Public

3

 

Press

Nil.

ELECTION OF ACTING CHAIRMAN

Moved Councillor Daniel, seconded Councillor Rose

That, in the absence of the Chairman, Councillor Vallelonga chair the Corporate and Community Services Committee meeting.

The motion was put and declared CARRIED.

DECLARATION OF OPENING OF MEETING

APOLOGIES

Councillor Clarey (Granted Leave of Absence Council 19 August 2003).
Councillor Copley.
Councillor Pickard (Granted Leave of Absence Council 15 July 2003).
Councillor Stewart.
Councillor Tyzack (Granted Leave of Absence Council 19 August 2003).

MINUTES

Moved Councillor Rose, seconded Councillor Ham

The Minutes of the Meeting of 22 July 2003 be confirmed, and signed by the Chairman as a true and correct record of proceedings.

The motion was put and declared CARRIED.

DISCLOSURE OF INTERESTS

Councillor Willox disclosed an interest affecting impartiality in Item A2 as he is the Chairman of the Australia Day Council of Western Australia.

ITEMS BEHIND CLOSED DOORS

Nil.

FINANCE

Moved Councillor Daniel, seconded Councillor Rose

That Items with deputations be brought forward.

The motion was put and declared CARRIED.

Item F1 was considered following Item CS5 and then normal agenda order resumed.

Items F1 to F5 were moved `en bloc'.

F1 SUMMARISED FINANCIAL REPORT AS AT PERIOD 13 ENDING 30 JUNE 2003

REPORT Deputy Chief Executive Officer - 18 August 2003

Moved Councillor Daniel, seconded Councillor Rose that

RECOMMENDATION TO COMMITTEE

That the report of the Deputy Chief Executive Officer dated 18 August 2003 in connection with the Summarised Financial Report for the period ending 30 June 2003 be RECEIVED.

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 13 ENDING 30/06/03 (100% OF YEAR COMPLETED)

 

Annual Budget

Year to Date
June 2003

Comparison

 

$M

Actual

%

June 2002 %

Consolidated Revenue & Expense

       

Total Operating Revenues

97.228

101.515

104

106

Total Operating Expenses

100.258

116.772

116

115

Includes Rates

58.639

58.635

100

101

Charges

21.870

22.815

104

103

Investment Interest

2.487

3.143

126

130

Government Grants

4.649

4.686

101

90

Depreciation Charged

5.604

6.043

108

106

(Fixed Assets)

       

Assets

       

Infrastructure

27.183

19.489

72

94

Fixed Assets

16.885

9.136

54

67

         

Funds Position

   

$M

$M

Cash at Bank Municipal Funds

 

5.07 O/D

6.10 O/D

Combined Funds

 

8.59 O/D

10.82 O/D

Investments Municipal Funds

 

20.98

15.91

Combined Funds

 

50.99

39.35

Rate Debtors

 

3.19

1.86

Net Funds Municipal Funds

 

16.67

5.11

Combined Funds

 

48.59

39.86

The City's auditors are currently undertaking the Annual Audit of the financial and related records for the 2002/03 financial year. Completion of the Financial Statements and Annual Report will be presented to Council for adoption. The Annual Meeting of Electors has been programmed for 29 October 2003.