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2019-10-14 General Committee Agenda
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GENERAL COMMITTEE MEETING AGENDA 14 OCTOBER 2019
3 FINANCIAL PERFORMANCE REPORT - SEPTEMBER 2019
DOCUMENT INFORM AT ION
Author Director Corporate Services, Michael Shave
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 30 September 2019
aligns with YTD budget. The budget review 2 (BR2) process is currently underway and will
address any real current budget variations and emergent requests.
YTD Financial Performance Summary
Budget Actual Variance Variance Status
$m $m $m %
Operating Revenue $41.2 $41.7 $0.5 1.2% On Track
Operating Expense $24.7 $23.7 $1.0 4.1% On Track
Operating Position $16.5 $18.0 $1.5 9.1%
Capital Revenue $1.8 $1.8 $0.0 (0.2%) On Track
Capital Expenditure* $7.3 $4.3 $3.0 41.4% 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
Page 9 of 21
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