TRC Tablelands Regional Council - Agenda
Thursday 20 February 2014
CONSULTATION Internal Dean Davidson, General Manager, Community and Regional Planning Christine Larkin, Manager Community Services Shiralee McHardie, Coordinator Community Wellbeing Jacobus Grundling, Overseer Parks and Gardens Norm Beck, Media and Communications Officer Sue Barker, Administration Officer Infrastructure Services Councillor Shaaron Linwood Carol Trost – Finance Manager External Nil LEGAL IMPLICATIONS (STATUTORY BASIS, LEGAL RISKS) Nil POLICY IMPLICATIONS In accordance with the Financial and In-Kind Support Program Policy and Guidelines FINANCIAL & RESOURCE IMPLICATIONS Capital Nil Operating The budget for the period 1 July 2013 to 31 December 2013 is $175,000; • The actual spend for the period 1 July 2013 to 31 December 2013 is $231,$702; • Based on the cost split methodology for the de-amalgamation using ratepayers, the overspend of $56,702 will be apportioned as follows: • TRC – $32,065.00 (56.55%) • MSC – $24,637.00 (43.45%) • As a result of the above the actual total cost to the TRC would be $207,065 ($231,702$24,637); • This would still result in an overspend for the period 01 July 2013 to 31 December 2013 of $32,065; proportioned to TRC which can be funded from the January-June budget allocation. The budget for the period 01 January 2014 to 30 June 2014 is $87,500 • Less the $32,065 over spend from the previous 6 months would leave a balance of $55,435; • The commitments (FIKs rates, rates remissions and one off approved and the 20 February 2014 application summary) for the second half of the year is estimated at $51,372.83; • This would leave an estimated balance of $4,062.17. It is important to note that the estimated balance is just that and dependant on the actual figures for the rates remissions and FIKs rates this balance could be higher or lower. Whilst the above balance does leave Council within in its current budget, in order for this position to be realized, Council would be required to resolve to increase the current FIKs budget by $24,637.00 for the amended 2013/2014 budget planned for adoption in June 2014. Page 188