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2021-03-09 Services & Organisation Committee Meeting Agenda
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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA 9 MARCH 2021
BCC financial performance as at 31 December 2020
Statement of Income and 2020-21 2020-21 2020-21 % YTD
Expenses Current YTD YTD Current Variance
Budget Budget Actuals Budget
Total Revenue 148,198 73,620 63,666 43.0% (9,954)
Total Expenditure 134,695 67,267 63,658 47.3% 3,610
Net Result - Surplus/(Deficit) 13,503 6,353 9 (6,344)
Total Revenue 148,198 73,620 63,666 43.0% (9,954)
Direct Costs (Controllable)
Employee Benefits 12,000 6,000 5,945 49.5% 55
Finance Costs 0.0% 0
Materials & Services 38,060 18,949 15,411 40.5% 3,539
Other Expenses 541 271 275 50.8% (4)
Subtotal Direct Costs 50,601 25,220 21,630 42.7% 3,590
(Controllable)
Operating Surplus/Deficit 97,597 48,400 42,036 (13,543)
Indirect Costs (Corporate)
Depreciation & Amortization 73,019 36,510 36,510 50.0% 0
Internal Charges 11,075 5,538 5,518 49.8% 20
Subtotal Indirect Costs 84,095 42,047 42,028 50.0% 20
(Corporate)
Net Result - Surplus/(Deficit) 13,503 6,353 9 (6,344)
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Total Revenue Total Expenditure Net Result - Surplus/(Deficit)
2020-21 2020-21
YTD YTD
Budget Actuals
BCC revenue was under budget by $10k due to rent relief granted to lessees. Expenditure savings
of nearly $4k led to the net result for the period being $6k below budget.
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