2017-08-08 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                         8 AUGUST 2017


NCS interim financial performance as at 30 June 2017


                               2016/17        2016/17       2016/17       2016/17        %
    Statement of Income and
                               Original       Current        YTD            YTD        Current     YTD
           Expenses
                               Budget         Budget        Budget        Actuals      Budget    Variance

Total Revenue                    2,762,329     2,791,715     2,791,715     2,800,568    100.3%        8,853
Total Expenditure                2,794,788     2,802,570     2,802,570     2,728,032     97.3%       74,538
Operating Result                   (32,459)      (10,855)      (10,855)       72,536                 83,391


Expenditure Summary
Employee Benefits                1,742,794     1,742,794     1,742,794     1,650,090     94.7%        92,703
Materials & Services               619,704       616,525       616,525       641,331    104.0%      (24,805)
Finance Costs                            0             0             0           778    100.0%         (778)
Other Expenses                         484           484           484           493    101.9%            (9)
Depreciation & Amortization         31,678        50,359        50,359        50,497    100.3%         (138)
Internal Charges                   400,129       392,408       392,408       384,844     98.1%         7,565
Competitive Neutrality                   0             0             0             0      0.0%              0
Total                            2,794,788     2,802,570     2,802,570     2,728,032                  74,538


*Please note figures are interim financial results only as final figures were not available at the
time of compiling this report.




NCS operates under funding agreements with both the State and Federal Governments. The
requirements of the various funding agreements dictate that NCS should aim to perform to a
‘zero bottom line’ standard, i.e. that all funding received should be fully expended on relevant
programs and services. An underspend on employee costs generated a small surplus for NCS in
2016/17 and these funds will be retained and reinvested in the service in line with funding
guideline requirements.



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