03 Financial Performance Report - Sep 2021

GENERAL COMMITTEE MEETING AGENDA                                                                     18 OCTOBER 2021


12        FINANCIAL PERFORMANCE REPORT – SEPTEMBER 2021

Author                Manager Financial Services (Acting), Pauline Coles
                      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
                      4.       Summary of Materials and Services Expenditure


EXECUTIVE SUMMARY

Year-to-date (YTD) performance against current budget as at 30 September 2021 is positive with
both operating revenues outperforming forecast and operating expenditure slightly under forecast
YTD. Capital revenues and expenditures are in line with forecast.

 YTD Financial Performance Summary
                                        Budget            Actual        Variance      Variance           Status
                                           $m                $m              $m             %
 Operating Revenue                        $44.4            $46.1               $1.7           3.7%      On Track
 Operating Expense                        $25.9            $25.6               $0.3           1.3%      On Track
 Operating Position                       $18.5            $20.5               $2.0      10.7%
 Capital Revenue                            $4.4             $4.4              $0.0           0.0%      On Track
 Capital Expenditure*                       $5.1             $5.0              $0.0           0.5%      On Track
* 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       $46.1          YTD Budget ($m)
  $45
                                                      YTD Actual ($m)
  $40
  $35
  $30
                                                                            $25.9     $25.6
  $25
  $20
  $15
  $10
     $5
     $-
                       Operating Revenue                                Operating Expenditure