2021-08-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                    16 AUGUST 2021


10        FINANCIAL PERFORMANCE REPORT – JULY 2021


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
                      4.       Summary of Materials and Services Expenditure


EXECUTIVE SUMMARY
Performance against current budget for the first month of the new financial year aligns with YTD
budget. Note that budget review (BR1) carryovers (also included in the Council meeting agenda)
have not yet been adopted and are excluded from these results.

 YTD Financial Performance Summary
                                        Budget            Actual        Variance      Variance         Status
                                           $m                $m              $m             %
 Operating Revenue                        $41.0            $42.0              $1.0           2.4%     On Track
 Operating Expense                          $8.0             $7.4             $0.6           7.8%     On Track
 Operating Position                       $33.0            $34.6              $1.6           4.9%
 Capital Revenue                            $0.3             $2.4             $2.0      597.5%      Above Budget
 Capital Expenditure*                       $0.3             $0.3             $0.0           9.7%     On Track
* Reflects constructed assets and intangibles only (excludes contributed)


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

  $45                      $41.0       $42.0
                                                      YTD Budget ($m)
  $40                                                 YTD Actual ($m)
  $35
  $30
  $25
  $20
  $15
  $10                                                                       $8.0      $7.4

     $5
     $-
                       Operating Revenue                                Operating Expenditure




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