2017-10-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                16 OCTOBER 2017


6                             FINANCIAL PERFORMANCE REPORT - SEPTEMBER 2017
DOCUMENT INFORM AT ION




Author                                Manager Financial Services, Trent Grauf
                                      Financial Services Branch

Index                                 ECM / Subject / 22.09 – Monthly Financial Performance Report

Attachments                           1.   Statement of Comprehensive Income
                                      2.   Statement of Financial Position
                                      3.   Statement of Cash Flows


EXECUTIVE SUMMARY
Overall year to date financial performance to September 2017 aligns with budget at this stage of
the financial year.

         YTD Financial Performance Summary to September 2017
                                     Budget       Actual     Variance                     Variance        Status
                                        $m           $m            $m                            %
         Recurrent Revenue            $39.7        $40.3          $0.6                        1.6%      On Track
         Recurrent Expense            $22.5        $22.2          $0.3                        1.3%      On Track
         Operating Position           $17.2        $18.1          $0.9                        5.4%

         Capital Revenue                               $0.6         $0.7          $0.1       5.5%       On Track
         Capital Expenditure                           $3.1         $3.9          $0.8      25.5%       On Track

Financial statements including Statement of Comprehensive Income (profit & loss), Statement of
Financial Position (balance sheet), and Statement of Cash Flows are included as attachments for
information of Council.

Figure 1: Actual Performance Compared to 2017/18 Budget
               $40
               $35
               $30
               $25
               $20
               $15
               $10
                         $5
                         $-
                                     YTD Budget ($m)                    YTD Actual ($m)

                                       Operating Revenue      Operating Expenditure



RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 16 October 2017 outlining September year to date financial performance against
budget.



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