2019-08-06 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                6 AUGUST 2019


BCC interim financial performance as at 30 June 2019



 Statement of Income and        2018/19        2018/19
        Expenses                Current         YTD          2018/19       %           YTD
                                Budget         Budget         YTD        Current     Variance
                                                             Actuals     Budget
Total Revenue                      131,040        131,040      138,246   105.5%            7,206
Total Expenditure                  108,962        108,962      129,478   118.8%         (20,516)
Operating Result                    22,078         22,078        8,768                  (13,310)


Expenditure Summary
Employee Benefits                   12,012         12,012       10,374     86.4%           1,638
Materials & Services                36,391         36,391       43,011    118.2%         (6,620)
Finance Costs                            0              0            0      0.0%               0
Other Expenses                         528            528          528    100.0%               0
Depreciation & Amortization         53,074         53,074       68,050    128.2%        (14,976)
Internal Charges                     6,957          6,957        7,515    108.0%           (558)
Competitive Neutrality                   0              0            0      0.0%               0
Total Expenditure                  108,962        108,962      129,478                  (20,516)
*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.




BCC revenue was $7,206 above budget while total expenditure finished $20,516 over budget,
due mostly to uncontrollable expenditure (Depreciation & Internal Charges) exceeding budget by
$15,534. A significant water leak was responsible for water charges exceeding budget by $6k
and management are now working with Unity Water to determine if a portion of these charges
are refundable. Unfortunately the water leak was not apparent onsite due to the sandy nature of
the surrounding ground.




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