2019-01-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                   14 JANUARY 2019


5                             FINANCIAL PERFORMANCE REPORT - DECEMBER 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 for the first half of the
financial year, with operating revenue continuing to track slightly above YTD budget and operating
expenditure slightly below YTD budget.

         YTD Financial Performance Summary
                                                   Budget      Actual      Variance      Variance         Status
                                                      $m          $m            $m             %
         Operating Revenue                           $47.7      $48.9           $1.2            2.4%     On Track
         Operating Expense                           $46.1      $44.6           $1.5            3.3%     On Track
         Operating Position                           $1.6       $4.3           $2.7       168.4%


         Capital Revenue                              $1.7       $2.3           $0.6        35.1%        On Track
         Capital Expenditure*                        $18.5      $16.7           $1.8            9.9%   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

               $60
                                                             YTD Budget ($m)

               $50                                           YTD Actual ($m)


               $40

               $30

               $20

               $10

                         $-
                                      Operating Revenue                 Operating Expenditure




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