2019-12-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                     16 DECEMBER 2019


6                             FINANCIAL PERFORMANCE REPORT - NOVEMBER 2019
DOCUMENT INFORM AT ION




Author                                Manager Financial Services, Trent Grauf
                                      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 November 2019
aligns with YTD budget. The budget position presented in this report and attachments includes
the budget review adjustments adopted by Council in November 2019.

YTD Financial Performance Summary
                             Budget                          Actual       Variance        Variance
                                                                                                          Status
                                $m                              $m              $m               %
Operating Revenue             $46.1                           $46.6            $0.5           1.0%       On Track
Operating Expense             $39.4                           $38.2            $1.2           3.1%       On Track
Operating Position             $6.7                            $8.4            $1.7         25.5%
Capital Revenue                $2.2                            $2.3            $0.0           1.2%       On Track
Capital Expenditure*          $10.1                           $10.0            $0.1           0.9%       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                     $46.1     $46.6       YTD Budget ($m)           YTD Actual ($m)
               $45
                                                                               $39.4       $38.2
               $40
               $35
               $30
               $25
               $20
               $15
               $10
                         $5
                         $-
                                      Operating Revenue                 Operating Expenditure




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