2018-06-21 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                        21 JUNE 2018


2      FINANCIAL PERFORMANCE REPORT – MAY 2018

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
Overall year to date financial performance to May 2018 remains on track against budget, with
operating revenue slightly above budget and operating expenditure slightly below budget. Capital
expenditure is tracking below budget.

YTD Financial Performance Summary
                                      Budget            Actual        Variance     Variance     Status
                                         $m                $m              $m            %
Operating Revenue                        $90.9            $92.3             $1.4      1.5%      On Track
Operating Expense                        $82.1            $81.0             $1.1      1.4%      On Track
Operating Position                        $8.8            $11.3             $2.5      29.0%


Capital Revenue                           $5.7             $6.9             $1.2      21.0%     On Track
Capital Expenditure*                     $26.6            $21.2             $5.4      20.3%   Below Budget

* Reflects constructed assets and intangibles only (excludes contributed)


Financial statements including Statement of Operating Profit & Loss, Summary of Capital
Financial Performance, 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 2017/18 Budget

    $100
                                                   YTD Budget ($m)
     $90
                                                   YTD Actual ($m)
     $80
     $70
     $60
     $50
     $40
     $30
     $20
     $10
      $-
                     Operating Revenue                        Operating Expenditure




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