2019-11-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                18 NOVEMBER 2019


10        FINANCIAL PERFORMANCE REPORT - OCTOBER 2019

Author                Manager Financial Services, Trent Grauf
                      Corporate Services Department

Index                 ECM/ Subject/ 22.09 – Monthly Financial Performance Report

Attachments           1.     Statement of Income and Expenditure (Profit & Loss and Capital)
                      2.     Statement of Financial Position
                      3.     Statement of Cash Flows


EXECUTIVE SUMMARY
Year to date (YTD) operating performance against current budget as at 31 October 2019 aligns
with YTD budget. Budget review 2 (BR2), which is detailed in a separate report included in the
November 2019 General Committee Agenda, includes a number of proposed budget adjustments
which will be incorporated into next month’s financial performance report.

 YTD Financial Performance Summary
                                        Budget            Actual        Variance         Variance       Status
                                           $m                $m              $m                %
 Operating Revenue                        $44.4            $44.7               $0.2           0.6%      On Track
 Operating Expense                        $32.4            $31.2               $1.3           3.9%      On Track
 Operating Position                       $12.0            $13.5               $1.5           12.6%
 Capital Revenue                             $1.8            $2.1              $0.3           17.7%     On Track
 Capital Expenditure*                        $8.2            $7.0              $1.2           14.5%   Below Budget
* Reflects constructed assets and intangibles only (excludes contributed)


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

Figure 1: Actual Performance Compared to Budget

  $50
                        $44.4        $44.7                YTD Budget ($m)
  $45
                                                          YTD Actual ($m)
  $40
  $35                                                                  $32.4
                                                                                      $31.2
  $30
  $25
  $20
  $15
  $10
     $5
     $-
                      Operating Revenue                             Operating Expenditure




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