2016-08-09 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                     9 AUGUST 2016


The J YTD financial performance as at 30 June 2016*



    Statement of Income and           2015/16        2015/16
           Expenses                   Current         YTD             2015/16        %         YTD
                                      Budget         Budget             YTD        Current   Variance
                                                                      Actuals      Budget
Total Revenue                           466,625        466,625           518,678   111.2%          52,053
Total Expenditure                     1,200,171      1,200,171         1,260,840   105.1%        (60,669)
Operating Result                      (733,546)      (733,546)         (742,163)                  (8,616)


Expenditure Summary
Employee Benefits                       363,435        363,435           401,987   110.6%        (38,553)
Materials & Services                    365,732        365,732           383,082   104.7%        (17,350)
Finance Costs                                 0              0                11   100.0%            (11)
Other Expenses                              930            930             1,354   145.6%           (424)
Depreciation & Amortization             274,511        274,511           274,511   100.0%               0
Internal Charges                        195,563        195,563           199,895   102.2%         (4,331)
Competitive Neutrality                        0              0                 0     0.0%               0
Total Expenditure                     1,200,171      1,200,171         1,260,840                 (60,669)

*Please note the figures above are interim 2015/16 results only as final figures were
unavailable at the time of compiling this report.


                              The J Community Centre
 1,500,000


 1,000,000


   500,000


         0
                    Total Revenue               Total Expenditure             Operating Result
 (500,000)


(1,000,000)

                                    2015/16                         2015/16
                                    YTD                             YTD
                                    Budget                          Actuals


The J delivered a positive variance to revenue budget of $52,053 following a very busy year.
Unfortunately the expenditure budget was also exceeded and the $60,669 overrun led to a net
financial performance of $8,616 over budget.




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