2017-08-08 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                  8 AUGUST 2017


The expenditure overrun of $67,295 was again associated with the direct costs of delivering
events and was predominantly offset by the increased revenue. The main overruns included
$33,634 for employee benefits, $19,493 for contract services (technicians) and $13,009 bar/café
cost of goods sold. In hindsight it appears that the employee benefits and contract services
budgets were just too tight to deliver the number of events held at The J in 2016/17.

BCC interim financial performance as at 30 June 2017


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

Total Revenue                          102,287       102,287       112,795     110.3%       10,508
Total Expenditure                      131,363       131,363       123,972      94.4%        7,391
Operating Result                       (29,076)      (29,076)      (11,177)                 17,899


Expenditure Summary
Employee Benefits                       12,300        12,300        12,884     104.8%        (584)
Materials & Services                    61,347        61,347        53,318      86.9%        8,029
Finance Costs                                0             0             0       0.0%             0
Other Expenses                             484           484           493     101.9%           (9)
Depreciation & Amortization             49,794        49,794        49,931     100.3%        (137)
Internal Charges                         7,438         7,438         7,346      98.8%           92
Competitive Neutrality                       0             0             0       0.0%             0
Total Expenditure                      131,363       131,363       123,972                   7,391

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




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