Meeting papers

GENERAL COMMITTEE MEETING                                                    13 NOVEMBER 2023


6.10 FINANCIAL PERFORMANCE REPORT – OCTOBER 2023


Author                Financial Services Manager (Acting), Pauline Coles
                      Corporate Services Department
Index                 ECM/ Subject / 22.09 – Monthly Financial Performance Report
Attachments           1.   Attachment 1 Statement of Income and Expenditure - Oct 2023
                      2.   Attachment 2 Statement of Financial Position - Oct 2023
                      3.   Attachment 3 Statement of Cashflows - Oct 2023
                      4.   Attachment 4 Key Materials & Services Expenditure - Oct 2023


EXECUTIVE SUMMARY
Year-to-date (YTD) performance against current budget as at 31 October 2023 is positive with
operating revenues outperforming forecast and operating expenditure slightly under forecast
YTD. Capital revenues are above forecast with capital expenditure slightly above forecast due
to delivery of disaster reconstruction projects.




* Reflects constructed assets and intangibles only (excludes contributed)


The $3.1 million full year operating surplus comprises $2.5 million general operating surplus
from activities that are funded through Council’s general rate, regulatory fees and sales of goods
and services; as well an additional $0.2 million from holiday park operations and $0.2 million
from waste operations, and a further $0.2 million in unspent levy and separate charge funds
which are constrained in reserve for future use.




* Includes Waste and Holiday Park operations as shown in the table below

Council elected to apply National Competition Policy (NCP) reforms to its Waste Management and
Holiday Parks which provides greater transparency and assists with removing anti-competitive
conduct and ensure the best allocation of Council's limited resources.




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