2019-09-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                            16 SEPTEMBER 2019


13                            FINANCIAL PERFORMANCE REPORT - AUGUST 2019
DOCUMENT INFORM AT ION




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


EXECUTIVE SUMMARY
Performance against current budget for the month of August 2019 aligns with YTD budget at this
early stage of the financial year. The current budget now includes the recent budget review 1
adjustments for operational and capital items.

YTD Financial Performance Summary
                                                  Budget      Actual    Variance      Variance      Status
                                                     $m          $m          $m             %
Operating Revenue                                   $39.2      $39.8          $0.5        1.3%      On Track
Operating Expense                                   $16.7      $15.7          $1.0        6.0%      On Track
Operating Position                                  $22.5      $24.0          $1.5        6.7%
Capital Revenue                                      $1.2       $1.2          $0.0        0.5%      On Track
Capital Expenditure*                                 $2.6       $1.7          $0.9        34.6%   Below Budget
* 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

               $45
                                                            YTD Budget ($m)
               $40
                                                            YTD Actual ($m)
               $35
               $30
               $25
               $20
               $15
               $10
                         $5
                         $-
                                     Operating Revenue            Operating Expenditure




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