2022-10-24 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                          24 OCTOBER 2022



12        FINANCIAL PERFORMANCE REPORT – SEPTEMBER 2022

Author              Financial Services Manager (Acting), Pauline Coles
                    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
                    4.         Summary of Materials and Services Expenditure


EXECUTIVE SUMMARY
Year-to-date (YTD) performance against current budget as at 30 September 2022 is positive with
operating revenues outperforming forecast and operating expenditure slightly under forecast YTD.
Capital revenues are above forecast while capital expenditure is below forecast due to timing of
project delivery.

     YTD Financial Performance Summary
                                       Budget        Actual      Variance         Variance
                                                                                                   Status
                                          $m            $m            $m                %
     Operating Revenue                   $48.7        $50.1              $1.5           3.0%      On Track
     Operating Expense                   $28.0        $27.7              $0.3           1.0%      On Track
     Operating Position                  $20.7        $22.4              $1.7           8.3%
     Capital Revenue                         $3.8     $14.9             $11.2       297.4%      Above Budget
     Capital Expenditure*                $14.4        $12.6              $1.8           12.7%     On Track

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

Figure 1: Actual Performance Compared to Budget

 $60
                                     $50.1
                       $48.7
 $50

 $40
                                                                $28.0           $27.7
 $30

 $20

 $10

     $-
                    Operating Revenue                         Operating Expenditure
                                   YTD Budget ($m)   YTD Actual ($m)




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