2018-02-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                     6 FEBRUARY 2018


1.     FINANCE

The J financial performance as at 31 December 2017

     Statement of Income and        2017/18         2017/18          2017/18         %          YTD
            Expenses                Current           YTD              YTD         Current    Variance
                                    Budget          Budget           Actuals       Budget
Total Revenue                          558,028         324,434          358,517     64.2%          34,083
Total Expenditure                   1,331,555          666,726          702,466     52.8%        (35,740)
Operating Result                     (773,527)       (342,292)        (343,949)                   (1,657)

Expenditure Summary
Employee Benefits                     424,496          208,978         229,413       54.0%       (20,435)
Materials & Services                  365,706          187,072         203,187       55.6%       (16,115)
Finance Costs                               0                0             (23)     100.0%             23
Other Expenses                          1,023              512             512       50.1%             (1)
Depreciation & Amortization           238,725          119,363         119,363       50.0%               0
Internal Charges                      301,604          150,802         150,015       49.7%            788
Competitive Neutrality                      0                0                0       0.0%               0
Total Expenditure                   1,331,555          666,726         702,466                   (35,740)




                               The J Community Centre
 800,000

 600,000

 400,000

 200,000

         0
                    Total Revenue                Total Expenditure                Operating Result
(200,000)

(400,000)

                                    2017/18                          2017/18
                                    YTD                              YTD
                                    Budget                           Actuals


The J exceeded its half-yearly revenue budget by $34,083, thanks to a busier than expected
period which saw most revenue streams finish ahead of budget. YTD revenue is 20% higher than
actuals for the same period last year. As a result of the additional usage of the centre and the
costs involved in facilitating this, YTD expenditure is over budget by a similar amount of $35,740.
The centre’s net YTD financial position is $1,657 over budget.




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