2019-06-17 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                 17 JUNE 2019



8                          FINANCIAL PERFORMANCE REPORT - MAY 2019
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
Overall year to date operating financial performance to May 2019 is positive, with operating
revenue continuing to track above budget and operating expenditure below budget. Capital
expenditure is tracking slightly below budget, with capital revenue above target.

YTD Financial Performance Summary
                                               Budget      Actual     Variance      Variance      Status
                                                  $m          $m           $m             %
Operating Revenue                                $93.8      $95.4           $1.6        1.7%     On Track
Operating Expense                                $83.5      $82.3           $1.2        1.5%     On Track
Operating Position                               $10.3      $13.1           $2.8      27.7%


Capital Revenue                                   $5.2       $7.9           $2.6      50.1%    Above Budget
Capital Expenditure*                             $24.4      $22.7           $1.7        7.0%   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

               $120
                                                          YTD Budget ($m)

               $100                                       YTD Actual ($m)


                         $80

                         $60

                         $40

                         $20

                          $-
                                    Operating Revenue               Operating Expenditure




                                                                                                 Page 11 of 20