2017-11-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                            13 NOVEMBER 2017



7                        FINANCIAL PERFORMANCE REPORT - OCTOBER 2017
DOCUMENT INFORM AT ION




Author                           Manager Financial Services, Trent Grauf
                                 Corporate Services Department

Index                            ECM/ Subject/ 22.09 – Monthly Financial Performance Report

Attachments                      1.     Statement of Comprehensive Income
                                 2.     Statement of Financial Position
                                 3.     Statement of Cash Flows


EXECUTIVE SUMMARY
Overall year to date financial performance to October 2017 aligns with budget at this stage of the
financial year. The budget position reflected in this report and attachments does not include any
budget review 2 adjustments to be provided in a separate report to Council.

         YTD Financial Performance Summary to October 2017
                                     Budget       Actual               Variance        Variance        Status
                                        $m            $m                     $m               %
         Recurrent Revenue            $41.9        $43.1                    $1.2           2.8%      On Track
         Recurrent Expense            $29.0        $28.9                    $0.1           0.5%      On Track
         Operating Position           $12.9        $14.2                    $1.3         10.4%

         Capital Revenue                           $0.8       $0.7        ($0.1)         (7.1%)      On Track
         Capital Expenditure                       $5.0       $6.2        ($1.2)        (24.8%)      On Track

Financial statements including Statement of Comprehensive Income (profit & loss), Statement of
Financial Position (balance sheet), and Statement of Cash Flows are included as attachments for
information of Council.


Figure 1: Actual Performance Compared to 2017/18 Budget
               $50
               $45
               $40
               $35
               $30
               $25
               $20
               $15
               $10
                $5
                $-
                                 YTD Budget ($m)                     YTD Actual ($m)

                                      Operating Revenue   Operating Expenditure




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