2016-04-19 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                                19 APRIL 2016


5                        FINANCIAL PERFORMANCE REPORT - MARCH 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
Year to date financial performance to 31 March 2016 is generally in accordance with budget
forecasts. Actual financial performance for the year to date will be used as the basis for a final
revision of the forecast position to 30 June 2016, and will form the base for the 2016/17 budget
projections.

         Financial Performance Summary to 31 March 2016
                                 Current YTD Actual                  Variance      Variance    Status
                                    YTD           $m                      $m           YTD
                                 Budget                                                  %
                                     $m
         Recurrent Revenue         $81.4        $82.8                    $1.4         1.7%    On track
         Recurrent Expense         $63.0        $60.6                    $2.4         3.8%    On track

         Net Capital Revenue                  $4.9        $4.9             $0           1%    On track
         Capital Expenditure                 $25.1       $20.6           $4.4          17%     Watch

Financial statements including Statement of Comprehensive Income and Statement of Financial
Position 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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