2021-09-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                               13 SEPTEMBER 2021


12        FINANCIAL PERFORMANCE REPORT – AUGUST 2021

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
                      4.       Summary of Materials and Services Expenditure



EXECUTIVE SUMMARY
Performance against current budget for the month of August 2021 aligns with YTD budget at this
early stage of the financial year. The current budget now includes Budget Review 1 (BR1)
adjustments adopted for operational and capital commitments carried over from 2020/21.

 YTD Financial Performance Summary
                                        Budget            Actual        Variance      Variance          Status
                                           $m                $m              $m             %
 Operating Revenue                        $42.8            $44.0               $1.2           2.8%     On Track
 Operating Expense                        $17.8            $17.2               $0.6           3.1%     On Track
 Operating Position                       $25.1            $26.8               $1.7           7.0%
 Capital Revenue                            $3.2             $3.6              $0.4      12.9%       Above Budget
 Capital Expenditure*                       $3.0             $3.0              $0.0           0.3%     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
                                       $44.0          YTD Budget ($m)
                           $42.8
  $45
                                                      YTD Actual ($m)
  $40
  $35
  $30
  $25
  $20                                                                       $17.8     $17.2
  $15
  $10
     $5
     $-
                       Operating Revenue                                Operating Expenditure




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