2016-12-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                 12 DECEMBER 2016


11                       FINANCIAL PERFORMANCE REPORT - NOVEMBER 2016
DOCUMENT INFORM AT ION




Author                           Manager Financial Services, Wayne Jensen
                                 Corporate Services Department

Index                            ECM / Subject / 22.09 – Monthly Financial Performance Report

Attachments                      1.    Statement of Comprehensive Income
                                 2.    Statement of Financial Position


EXECUTIVE SUMMARY
Overall year to date financial performance against budget shows a positive variance, with
revenue and expenditure continue to track slightly above and below budget respectively.

         Financial Performance Summary to 30 November 2016
                                    Current YTD Actual                          Variance    Variance     Status
                                        YTD          $m                              $m         YTD
                                     Budget                                                       %
                                         $m
         Recurrent Revenue             $42.2       $43.2                             $1.0      2.3%    On track
         Recurrent Expense             $35.3       $34.7                             $0.6      1.8%    On track

         Net Capital Revenue                          $1.9            $2.7           $0.8       40%    On track
         Capital Expenditure                          $5.6            $4.8           $0.7       13%    On track

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

Figure 1: Actual Performance Compared to YTD Budget

               $50
               $45
               $40
               $35
               $30
               $25
               $20
               $15
               $10
                $5
                $-
                                YTD Budget ($m)                       YTD Actual ($m)

                                  Operating Revenue          Operating Expenditure




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