2018-01-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                    15 JANUARY 2018


10                            FINANCIAL PERFORMANCE REPORT - DECEMBER 2017
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 Comprehensive Income
                                      2.    Statement of Financial Position
                                      3.    Statement of Cash Flows


EXECUTIVE SUMMARY
Overall year to date financial performance to December 2017 delivers a positive result, with
operating revenue continuing to track slightly above budget and operating expenditure also
slightly below budget.

         YTD Financial Performance Summary to December 2017
                                     Budget       Actual    Variance                         Variance       Status
                                        $m           $m           $m                                %
         Recurrent Revenue            $47.3        $48.2         $0.9                            1.9%     On Track
         Recurrent Expense            $43.9        $43.4         $0.5                            1.2%     On Track
         Operating Position            $3.4         $4.8         $1.4                          42.3%

         Capital Revenue                              $1.4          $1.1        ($0.3)        (20.6%)     On Track
         Capital Expenditure                         $12.9         $12.1        ($0.8)         (6.2%)      Watch

Financial statements including Statement of Comprehensive Income (profit & loss), 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 2017/18 Budget
               $60
                                                             YTD Budget ($m)

               $50                                           YTD Actual ($m)


               $40

               $30

               $20

               $10

                         $-
                                     Operating Revenue               Operating Expenditure




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