2015-07-21 Infrastructure and Services Committee Agenda

INFRASTRUCTURE & SERVICES COMMITTEE MEETING AGENDA                                             21 JULY 2015


                The J 2014/15 financial performance *
                                   Actual YTD     Budget YTD            Variance
Total Revenue                        $460,177        $418,572                $41,605
Total Expenditure                    $714,320        $737,529                $23,209
Net Operating Surplus/Deficit        -$254,143      -$318,957                $64,814
Depreciation                         $278,013        $278,013                      $0
Internal Charges                     $200,067        $199,385                  -$682
Total Surplus/Deficit                -$732,223      -$796,355                $64,132

*Please note figures shown are June end of month figures and not final end of financial
year figures as these were not available in time for this report.


                                The J 2014/15 financial performance
 800,000

 600,000

 400,000
                                                                                                   Actual
 200,000
                                                                                                   Budget
       0
                Total Revenue            Total Expenditure              Net Operating
 -200,000                                                               Surplus/Deficit

 -400,000


With a positive variance to budget of $41,605 in revenue and expenditure finishing $23,209
under budget, The J is currently $64,814 in front of its budgeted operating position for the year,
however the final end of year figure for expenditure will increase when wages and other
operating expenses for the last 10 days of June are taken into account.
Greater than budgeted performance in equipment and venue hire were the main contributors to
strong revenue performance, collectively finishing the year $24,147 ahead of budget. On the
expenditure side of the ledger maintenance was $12,455 under budget, water and sewerage
charges came in $15,593 lower than budgeted and electricity charges were $10,789 below
budget. All of these areas have been revised to more accurate levels under the 2015/16 budget.

BCC

                   BCC 2014/15 financial performance *
                                     Actual YTD      Budget YTD             Variance
Total Revenue                             $74,535            $72,000               $2,535
Total Expenditure                         $77,052        $105,040                $27,988
Net Operating Surplus/Deficit             -$2,517            -$33,040            $30,523
Depreciation                              $50,866            $50,866                      $0
Internal Charges                          $17,715            $17,678                 -$37
Total Surplus/Deficit                    -$71,098       -$101,584                $30,486

*Please note figures shown are June end of month figures and not final end of financial
year figures as these were not available in time for this report.


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