2016-03-10 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                           10 MARCH 2016


6                             ORDINARY MEETING REPORTS
1                             FINANCIAL PERFORMANCE REPORT – FEBRUARY 2016
Document i nformati on




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 29 February 2016 is generally in accordance with budget
forecasts. December Quarter budget adjustments are reflected in the schedules as the Current
Budget figures.

            Financial Performance Summary to 29 February 2016
                                    Current YTD Actual       Variance                  Variance    Status
                                       YTD           $m            $m                      YTD
                                    Budget                                                   %
                                        $m
            Recurrent Revenue         $79.4        $80.5          $1.1                     1.4%   On track
            Recurrent Expense         $56.6        $54.3          $2.2                     3.9%   On track

            Net Capital Revenue                      $4.8        $4.8             $0        0%    On track
            Capital Expenditure                     $20.6       $17.0           $3.6       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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