2018-12-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                               17 DECEMBER 2018



10                            FINANCIAL PERFORMANCE REPORT - NOVEMBER 2018
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
Actual year to date operating financial performance aligns with YTD budget. The budget position
presented in this report and attachments includes all of the Budget Review 2 adjustments
adopted by Council in November 2018.

YTD Financial Performance Summary
                                                  Budget        Actual        Variance   Variance     Status
                                                     $m            $m              $m          %
Operating Revenue                                   $45.6        $46.6            $1.1      2.4%      On Track
Operating Expense                                   $37.7        $36.8            $1.0      2.6%      On Track
Operating Position                                   $7.8         $9.9            $2.1      14.3%


Capital Revenue                                      $1.5         $1.8            $0.3      19.6%     On Track
Capital Expenditure*                                $15.2        $14.1            $1.1      7.1%    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

               $50
                                                            YTD Budget ($m)
               $45
                                                            YTD Actual ($m)
               $40
               $35
               $30
               $25
               $20
               $15
               $10
                         $5
                         $-
                                     Operating Revenue              Operating Expenditure




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