2017-02-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                13 FEBRUARY 2017



8                        FINANCIAL PERFORMANCE REPORT - JANUARY 2017
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
                                3.    Statement of Cash Flows


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

         Financial Performance Summary to 31 January 2017
                                    Current YTD Actual                         Variance    Variance   Status
                                        YTD           $m                            $m         YTD
                                     Budget                                                      %
                                         $m
         Recurrent Revenue             $79.3        $80.8                           $1.5      1.9%    On track
         Recurrent Expense             $49.5        $48.6                           $1.0      1.8%    On track

         Net Capital Revenue                         $2.6            $3.7           $1.1       45%    On track
         Capital Expenditure                         $8.1            $6.4           $1.7       21%     Watch

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

Figure 1: Actual Performance Compared to YTD Budget

               $90
               $80
               $70
               $60
               $50
               $40
               $30
               $20
               $10
                $-
                               YTD Budget ($m)                       YTD Actual ($m)

                                 Operating Revenue          Operating Expenditure




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