2021-06-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                           14 JUNE 2021


6      REPORTS DIRECT TO GENERAL COMMITTEE

9      FINANCIAL PERFORMANCE REPORT – MAY 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
Year to date (YTD) operating performance against current budget as at 31 May 2021 is positive, with
operating revenues performing above forecast due largely to Council facilities and business activity
sales outperforming budget.

 YTD Financial Performance Summary
                                 Budget        Actual         Variance       Variance       Status
                                    $m            $m               $m              %
 Operating Revenue                 $96.2        $98.3              $2.1             2.2%   On Track
 Operating Expense                 $89.6        $88.5              $1.1             1.2%   On Track
 Operating Position                 $6.6          $9.8             $3.2            48.2%
 Capital Revenue                   $10.2        $10.8              $0.6             6.4%   On Track
 Capital Expenditure               $20.2        $20.1              $0.1             0.5%   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

    $120
                                           YTD Budget ($m)       YTD Actual ($m)
                        $96.2    $98.3
    $100
                                                                $89.6       $88.5

     $80

     $60

     $40

     $20

      $-
                    Operating Revenue                        Operating Expenditure



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