Meeting papers

GENERAL COMMITTEE MEETING                                                                11 DECEMBER 2023


6.3     FINANCIAL PERFORMANCE REPORT – NOVEMBER 2023


Author               Financial Services Manager (Acting), Pauline Coles
                     Financial Services | Corporate Services Department
Index                ECM/ Subject / 22.09 – Monthly Financial Performance Report
Attachments          1.   Statement of Income and Expenditure - Nov 2023
                     2.   Statement of Financial Position - Nov 2023
                     3.   Statement of Cashflows - Nov 2023
                     4.   Key Materials & Services Expenditure - Nov 2023


EXECUTIVE SUMMARY
Year-to-date (YTD) performance against current budget as at 30 November 2023 is positive with
operating revenues outperforming forecast and operating expenditure slightly under forecast
YTD. Capital revenues are above forecast with capital expenditure slight ahead of forecast due
to scheduled timing of project delivery.




* Reflects constructed assets and intangibles only (excludes contributed). Spend currently showing above YTD budget
due to the delivery of QRA funded disaster projects.

The $3.7 million full year operating surplus comprises $3.0 million general operating surplus
from activities that are funded through Council’s general rate, regulatory fees and sales of goods
and services; as well an additional $0.3 million from holiday park operations and $0.3 million
from waste operations, and a further $0.1 million in unspent levy and separate charge funds
which are constrained in reserve for future use.




* Includes Waste and Holiday Park operations as shown in the table below

Council elected to apply National Competition Policy (NCP) reforms to its Waste Management and
Holiday Parks which provides greater transparency and assists with removing anti-competitive
conduct and ensure the best allocation of Councils limited resources. A summary of the YTD
operational performance of these business activities are outlined below.




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