Council’s Quarterly Revenue and Expenses against the Budget

Quarterly operating results against the 2020 - 2021 budget

This report compares quarterly actual operating financial results against the latest budget adopted by Council. The current report is for the quarter ending March 2021. Ipswich City Council collects rates and other charges (for example, dog registration fees) to provide a wide range of services to the community. These services are provided in line with Council’s five-year priorities which are set out in the Corporate Plan 2017-2022.

Ipswich City Council Budget 2020 - 2021

Ipswich City Council handed down its budget on Tuesday, 30 June 2020. The budget was developed in alignment with Council’s Corporate Plan 2017-2022 and the following strategic priorities of the newly elected Council:

  • Our council is recognised as a leader in good governance and accountability
  • Our natural environment is preserved and protected
  • Our community has access to jobs and economic opportunities now and in the future
  • Our community is cohesive, vibrant and resilient
  • Our thriving city centre benefits communities across the city

As at the end of March 2021, Council’s year to date (YTD) total revenue was $302.2m against a budget of $309.4m. The major variances have resulted from additional receipt of Asset Donations and Cash Contributions.

Council’s revenue is made up of a number of sources which includes capital grants and donations under the following categories:

  • Net Rates and Utilities Charges
  • Grants and Contributions
  • Other Revenue
  • Internal Revenue
  • Fees and Charges
  • Other

As at the end of March 2021, Council’s year to date (YTD) total expense was $250.5m against a budget of $254.1m. Results are in line with budget overall with Materials and Services underspend expected to lessen in the last quarter.

Council’s major classes of expenses include:

  • Employee Expenses
  • Materials and Services
  • Depreciation
  • Internal Expenses
  • Other Expenses
  • Other

The detail of the March quarter actual results compared to budget is detailed in the report.