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Administration and Finance Committee Meeting

 

  BUSINESS PAPER

 

 

 

Tuesday 13 March 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Administrative Centre 30 Frances Street Randwick 2031

Telephone: 1300 722 542

Fax: 02 9319 1510

 council@randwick.nsw.gov.au

www.randwick.nsw.gov.au


 

 

 

 

 

 

 

 

 

 

 

 


Administration and Finance Committee                                                                    13 March 2018

 

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Administration and Finance Committee Meeting

 

Notice is hereby given that a Administration and Finance Committee Meeting of the Council of the City of Randwick will be held in the Council Chamber, 1st Floor, 90 Avoca Street Randwick on Tuesday, 13 March 2018 at 6pm

 

 

Committee Members:          The Mayor L Shurey, Andrews, Bowen, Da Rocha, D’Souza (Deputy Chairperson), Hamilton, Luxford, Matson, Neilson, Parker, Roberts, Said (Chairperson), Seng, Shurey, Stavrinos and Veitch

 

Quorum:                           Eight (8) members

 

NOTE:    At the Extraordinary Meeting held on 28 September 2004, the Council resolved that the Administration and Finance Committee be constituted as a committee with full delegation to determine matters on the agenda.

Apologies/Granting of Leave of Absences 

Confirmation of the Minutes  

Administration and Finance Committee Meeting - 13 February 2018

Declarations of Pecuniary and Non-Pecuniary Interests

Address of Committee by Members of the Public

Privacy warning;

In respect to Privacy & Personal Information Protection Act, members of the public are advised that the proceedings of this meeting will be recorded for the purposes of clause 69 of Council’s Code of Meeting Practice.

Urgent Business

Administration Report

A3/18       Contingency Fund - Status as at 28 February 2018.................................... 1

Finance Report

F5/18        Monthly Financial Report as at 31 January 2018........................................ 5    

Notice of Rescission Motions

Nil  

 

 

…………………………………………………….

Ray Brownlee

General Manager


Administration and Finance Committee                                                                    13 March 2018

 

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Administration Report No. A3/18

 

Subject:             Contingency Fund - Status as at 28 February 2018

Folder No:                   F2017/07396

Author:                   Julie Hartshorn, Senior Administrative Coordinator      

 

Introduction

 

The purpose of this report is to detail the progressive amount of donations, allocations, waiving of fees and other similar contributions for the 2017-18 financial year.

 

Issues

 

For the 2017-18 financial year there have been 30 allocations totalling $121,518.56. All allocations are listed in the table below.

 

Meeting

Details

Approved allocation

2017-18

Annual contribution (ongoing)

Planning Committee – 13 Mar 2012

Annual contribution – Australia Day Botany Bay Regatta

$750.00

Ord Council

17 Sept 2013

Annual Contribution (5 years from 2015-16 to 2019-20) Waiving of Fees – Rainbow Club Australia Inc – Murray Rose’s Malabar Magic Ocean Swim

 

$14,500.00

Ord Council  23 Sept 2014

Annual contribution (5 years from 2015-16 to 2019-20) - Randwick Boys High School - 'Mayor's Award'

$1,000.00

Ord Council – 26 April 2016

Annual contribution (5 years from 2015-16 - Sydney Children’s Foundation Gold Telethon)

$5,000.00

Ord Council – 26 April 2016

Annual contribution (5 years from 2016-17 - Sydney Children’s Foundation Lights for Kids Christmas campaign)

$2,000.00

Ord Council – 25 Jul 2017

Annual contribution (5 years from 2017-18 to 2021-22) - Randwick Girls’ High School - 'Mayor's Award'

$1,000.00

2017-18 Contingency Fund allocations

Ord Council – 28 Mar 2017

Financial assistance – Randwick Boys & Girls High Schools – 2017 combined production

$4,000.00

Ord Council – 27 Jun 2017

Financial assistance – Souths Cares NAIDOC Festival 2017

$6,700.00

Ord Council – 27 Jun 2017

Financial assistance – Surfing NSW Grommet Surfing Titles

$15,601.00

Ord Council – 25 Jul 2017

Waiving of fees - NSW Police Force & International Students' Beach Soccer Day

$2,130.00

Ord Council – 25 Jul 2017

Donations - Rainbow Street Public School - Fundraising Cookbook

$750.00

Ord Council – 25 Jul 2017

Peter Hoffman - Commemoration

$500.00

Ord Council – 22 Aug 2017

Waiving of Fees - International Day of People with a Disability

$440.00

Ord Council – 22 Aug 2017

Waiving of fess - Filipino Cultural and Arts Festival 

$2,237.00

Ord Council – 10 Oct 2017

Waiving of fees - Friends of Malabar Headland

$110.00

Ord Council – 24 Oct 2017

Waiving of Fees - Carols by Candlelight - St Lukes Anglican Church, Clovelly

$4,118.00

Ord Council – 24 Oct 2017

Waiving of fees - Randwick Botany Cycling Club Inc - Retro Day

$823.00

Ord Council – 24 Oct 2017

Waiving of fees - South Maroubra Surf Club

$1,995.00

Ord Council – 28 Nov 2017

Waiving of fees – Carols by Candlelight – St Nicolas Anglican Church

$2,189.00

Ord Council – 28 Nov 2017

Financial assistance – Surfing NSW – World Tour Surfing event

$7,500.00

Ord Council – 28 Nov 2017

Waiving of fees – Greek Epiphany Festival – Jan 2018

$12,350.00

Ord Council – 28 Nov 2017

Sponsorship – 2018 Sydney Film Festival

$5,000.00

Ord Council – 28 Nov 2017

Financial assistance – Coast Centre for Seniors

$1,000.00

Ord Council – 12 Dec 2017

Waiving of fees – Surf Life Saving Sydney

$1,268.00

Ord Council – 12 Dec 2017

Financial assistance – Digging Deep for Myanmar

$2,000.00

Ord Council – 12 Dec 2017

Funding assistance – Vintage Sports Car Club of Australia – book launch Maroubra Speedway

$1,200.00

Ord Council – 12 Dec 2017

Financial assistance – Jarrah House

$1,500.00

Ord Council – 27 Feb 2018

Financial assistance - Randwick Boys' and Girls' High Schools Show 2018

$4,000.00

Ord Council – 27 Feb 2018

Prince of Wales Hospital Foundation 160 year anniversary

$4,857.56

Ord Council – 27 Feb 2018

Chifley Public School – Request for Assistance

$15,000.00

Total – 2017-18 Contingency Fund allocations

$121,518.56

 

Relationship to City Plan

 

The relationship with the City Plan is as follows:

 

Outcome 2:           A vibrant and diverse community.

Our community will be proud to be part of our City and celebrate its range of cultures and people.

Direction 2b:         Enrich our range of community services that meet our community’s needs.

Key Actions:         Support the provision of services and facilities to meet the needs of our Target Groups and celebrate the range of cultures and people within Randwick City.

 

Financial impact statement

 

Council has allocated $95,000.00 in the 2017-18 Budget for contingencies.  Budget adjustments, if required, will be dealt with as part of quarterly budget reviews.

 

 

 

Recommendation

 

That the status of the contingency funds allocations for 2017-18, be noted.

 

 

Attachment/s:

 

Nil

 

  


Administration and Finance Committee                                                                    13 March 2018

 

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Finance Report No. F5/18

 

Subject:             Monthly Financial Report as at 31 January 2018

Folder No:                   F2017/00404

Author:                   Oliver Guo, Management Accountant      

 

Introduction

 

Section 202 of Local Government (General) Regulation 2005 requires that the responsible accounting officer of a council must:

a)     establish and maintain a system of budgetary control that will enable the council’s actual income and expenditure to be monitored each month and to be compared with the estimate of the council’s income and expenditure, and

b)     if any instance arises where the actual income or expenditure of the council is materially different from its estimated income or expenditure, report the instance to the next meeting of the council.

 

Issues

 

This report provides the financial results of the Council as at 31 January 2017. Attachment 1 summarises the Council’s financial performance and its source and application of funds. It also summarises the operating result for each of the Council’s principal activities. Attachment 2 details the financial position of the Council as at 31 January 2017. Attachment 3 details the cash flow of the Council as at 31 January 2017.

 

Relationship to City Plan

 

The relationship with the City Plan is as follows:

 

Outcome 1:     Leadership in Sustainability.

Direction 1b:    Council is a leader in the delivery of social, financial and operational      activities.

 

Financial impact statement

 

There is no direct financial impact for this matter.

 

Conclusion

 

The Council’s Manager Corporate and Financial Planning, as the Responsible Accounting Officer, advises that the projected financial position is satisfactory. The Current Ratio as at 31 January 2018 is 2.38 compared to 2.08 as at 30 June 2017. The Current Ratio is a financial indicator specific to local government and represents its ability to meet its debts and obligations as they fall due.

 

Recommendation

 

That the Administration and Finance Committee acknowledges that the Responsible Accounting Officer has advised that the projected financial position of Council is satisfactory.

 

Attachment/s:

 

1.

Monthly Financial Statements - Income Statements January 2018

 

2.

Monthly Financial Statements - Balance Sheet January 2018

 

3.

Monthly Financial Statements - Cash Flow Statement January 2018

 

 

 

 


Monthly Financial Statements - Income Statements January 2018

Attachment 1

 

 


 


 


 


Monthly Financial Statements - Balance Sheet January 2018

Attachment 2

 

 


Monthly Financial Statements - Cash Flow Statement January 2018

Attachment 3