2014-09-16 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                          16 September 2014


Finance
8                        FINANCIAL PERFORMANCE REPORT AUGUST 2014
DOCUMENT INFORM AT ION




Author                           Manager Financial Services, Wayne Jensen
                                 Corporate Services Department

Index                            ECM / Subject / 22.09 – Monthly Exception Report

Attachments                      1.   Statement of Comprehensive Income
                                 2.   Capital Works Schedule


EXECUTIVE SUMMARY
Overall financial performance as at 31 August 2014 shows a favourable year to date
variance.

Summary Financial Performance Statements
                                                   Current Budget
                                                        YTD              Actual                  Variance
                                                         $                YTD                      YTD
                                                                           $                        %
Total Operating Revenue                                 33,737,953         34,008,820                       0.8%
Total Operating Expense                                 14,161,284         13,158,494                       7.1%
Operating Result                                        19,576,669         20,850,326                       6.5%
Capital Revenue                                            891,111            849,372                       4.7%
Net Result                                              20,467,781         21,699,698                       6.0%


Capital Works Program
YTD Actual Expenditure                                    $697,562                           YTD Actual
                                                                                            Expenditure
Remaining Capital Expenditure                          $23,243,306                             2.91%
Full Year Budgeted Expenditure                         $23,940,868


                                                                             Remaining
                                                                              Capital
                                                                            Expenditure
                                                                              97.09%




RECOMMENDATION
That Council note the report by the Manager Financial Services to the Planning &
Organisation Committee Meeting dated 16 September 2014 providing the August monthly
financial report.


REPORT
Each month a full review of Council’s financial performance against budget is undertaken to
highlight any variances, to ensure tight budgetary control and to identify opportunities and
risks that may have arisen during the period.



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