2015-05-26 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                                                   26 MAY 2015


CORPORATE SERVICES DEPARTMENT REPORTS
Finance
9                        FINANCIAL PERFORMANCE REPORT - APRIL 2015
DOCUMENT INFORM AT ION




Author                           Manager Financial Services, Wayne Jensen
                                 Corporate Services Department

Index                            ECM / Subject / 22.09 – Monthly Exception Report

Attachments                      1.    Statement of Comprehensive Income
                                 2.    Capital Works Schedule


EXECUTIVE SUMMARY
Overall financial performance for the 10 months to 30 April 2015 shows a positive year-to-date
variance against budget, with both operating revenue and expenditure above and below year to
date (YTD) budget respectively. There will be changes to some forecasts associated with the
third quarterly review, but will not impact negatively on the forecast operating position. There
have also been minor changes to the capital works program in the review, and there are some
projects expected to carry forward into the first part of the 2015/16 financial year for completion.

         Financial Performance Summary
                                 Current              YTD Actual      Variance       Variance    Status
                                    YTD                      $m            $m            YTD
                                 Budget                                                    %
                                     $m
         Recurrent Revenue         $79.9                   $81.2           $1.3         1.7%    On track
         Recurrent Expense         $68.1                   $65.9           $2.3         3.3%    On track

         Capital Revenue                      $3.1          $3.8           $0.7        22.0%    On track
         Capital Expenditure                 $15.0          $9.4           $5.6        37.1%     Watch



Figure 1: Actual Performance Compared to YTD Budget
               $90
               $80
               $70
               $60
               $50
               $40
               $30
               $20
               $10
                $-
                                YTD Budget ($m)                    YTD Actual ($m)

                                  Operating Revenue     Operating Expenditure




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