2019-03-12 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                    12 MARCH 2019


BCC financial performance as at 31 December 2018



   Statement of Income and           2018/19         2018/19
          Expenses                   Current          YTD           2018/19        %              YTD
                                     Budget          Budget          YTD         Current        Variance
                                                                    Actuals      Budget
Total Revenue                          131,040           65,520        65,523     50.0%                 3
Total Expenditure                      108,962           56,398        48,343     44.4%             8,055
Operating Result                        22,078            9,122        17,180                       8,058


Expenditure Summary
Employee Benefits                       12,012            6,006         3,065      25.5%            2,941
Materials & Services                    36,391           20,113        14,806      40.7%            5,306
Finance Costs                                0                0             0       0.0%                0
Other Expenses                             528              264           264      50.0%                0
Depreciation & Amortization             53,074           26,537        26,537      50.0%                0
Internal Charges                         6,957            3,478         3,670      52.8%            (192)
Competitive Neutrality                       0                0             0       0.0%                0
Total Expenditure                      108,962           56,398        48,343                       8,055




                          Bicentennial Community Centre
 70,000

 60,000

 50,000

 40,000

 30,000

 20,000

 10,000

       0
                    Total Revenue              Total Expenditure             Operating Result
                                    2018/19                        2018/19
                                    YTD                            YTD
                                    Budget                         Actuals


BCC revenue (lease and permanent hire) is tracking in line with budget, with expenditure under
budget by $8,055 due to an underspend in maintenance. Painting works in the second half of the
year will see maintenance expenditure pull back in line with budget.

The historical half-yearly results below show a trend of revenue growth and a slight reduction in
controllable expenses. As a result, the net financial performance of BCC continues to improve.




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