2014-11-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                       17 NOVEMBER 2014


1.           Operating Position

The year to date operating result is generally in accordance with the forecast position. Income
has exceeded budget predictions in some key areas, and overall expenditure has been less than
forecast to date, with material variances discussed below. The accumulated surplus for the year
to date is $12.1m compared to a forecast of $10.7m.

             30,000                                                         30,000

             25,000                                                         25,000

             20,000                                                         20,000

             15,000                                                         15,000
     $,000




             10,000                                                         10,000

               5,000                                                        5,000

                   0                                                        0
                         Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
              (5,000)                                                       (5,000)

             (10,000)                                                       (10,000)
                Budget       Accum Actual (RHS)    Accum Budget (RHS)      Actual


2.           Operating Revenue

Operating revenue is generally in accordance with budget forecasts, with a minor favourable
variance shown. Note that a number of budget adjustments have been proposed as part of the
September quarter budget review, but there are other areas where it is still too early to predict
annual trends from the first 4 months of operations.

             40,000                                                         120,000
             35,000
                                                                            100,000
             30,000
             25,000                                                         80,000
             20,000
     $,000




                                                                            60,000
             15,000
             10,000                                                         40,000
              5,000
                                                                            20,000
                  0
                        Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
             -5,000                                                         0

                Budget       Actual     Accum Budget (RHS)    Accum Actual (RHS)


Detailed commentary for significant items appears below:




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