2014-10-20 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                       20 OCTOBER 2014


1.           Operating Position

The year to date operating result is generally in accordance with the forecast position. Income
has exceeded budget predictions in some key areas, and overall expenditure has been less than
forecast to date, with significant variances discussed below. The accumulated surplus for the
year to date is $16.7m compared to a forecast of $15.0m.

             30,000                                                         30,000

             25,000                                                         25,000

             20,000                                                         20,000

             15,000                                                         15,000
     $,000




             10,000                                                         10,000

               5,000                                                        5,000

                   0                                                        0
                         Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
              (5,000)                                                       (5,000)

             (10,000)                                                       (10,000)
                Budget       Accum Actual (RHS)    Accum Budget (RHS)      Actual


2.           Operating Revenue

Operating revenue is generally in accordance with budget forecasts, with a minor favourable
variance shown.




Detailed commentary for significant items appears below:

•      Rates – generally as per original forecasts;
•      Fees and Charges – development related activity and search fees remain ahead of forecasts,
       but this is offset by lags in some other business areas which will be analysed as part of the
       September quarterly budget review;


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