2018-08-07 Services and Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                    7 AUGUST 2018


The J interim financial performance as at 30 June 2018

   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      558,028         708,131     126.9%        150,103
 Total Expenditure                   1,339,430    1,339,430       1,466,931     109.5%      (127,500)
 Operating Result                    (781,402)    (781,402)       (758,799)                    22,603


 Expenditure Summary
 Employee Benefits                     428,171      428,171         462,775     108.1%       (34,604)
 Materials & Services                  369,906      369,906         446,584     120.7%       (76,677)
 Finance Costs                               0            0           (214)     100.0%            214
 Other Expenses                          1,023        1,023           1,024     100.1%             (1)
 Depreciation & Amortization           238,725      238,725         257,369     107.8%       (18,644)
 Internal Charges                      301,604      301,604         299,393      99.3%          2,211
 Competitive Neutrality                      0            0               0       0.0%               0
 Total Expenditure                   1,339,430    1,339,430       1,466,931                 (127,500)
*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.


                               The J Community Centre
 2,000,000

 1,500,000

 1,000,000

   500,000

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

(1,000,000)


                                      2017/18                        2017/18
                                      YTD                            YTD
                                      Budget                         Actuals


The J exceeded revenue budget by $150,103, up 26.9% on budget and 23.5% on 2016/17
results, following another very busy year. Controllable expenditure exceeded budget by
$111,068, resulting in net operating financial performance of $39,035 better than budget,
exclusive of depreciation and internal charges.

The strong revenue result continued on from the previous few years with most revenue streams
finishing ahead of budget. Bar and kiosk sales were ahead by $27,146, venue hire by $17,216,
other commission received by $19,377 and equipment hire by $16,793. The strongest result
against budget, however, was employee cost recoveries at $52,707 ahead of budget.


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