2018-09-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                             17 SEPTEMBER 2018


6                            FINANCIAL PERFORMANCE REPORT - AUGUST 2018
OCUMENT 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 2018 aligns with YTD budget at this
early stage of the new financial year. The current budget now includes the recent budget review
1 adjustments for any operational and capital commitments carried over from 2017/18.

YTD Financial Performance Summary
                                                 Budget        Actual        Variance   Variance     Status
                                                    $m            $m              $m          %
Operating Revenue                                  $38.9        $39.4            $0.5      1.2%      On Track
Operating Expense                                  $16.2        $15.8            $0.4      2.6%      On Track
Operating Position                                 $22.7        $23.6            $0.9      4.0%


Capital Revenue                                     $0.8         $0.2            $0.6      72.0%   Below Budget
Capital Expenditure*                                $7.5         $4.1            $3.3      45.2%   Below Budget
* Reflects constructed assets and intangibles only (excludes contributed)


Financial statements including Statement of Operating Profit & Loss, Summary of Capital
Financial Performance, Statement of Financial Position (balance sheet), and Statement of Cash
Flows are included as attachments for information of 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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