2022-08-15 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                        15 AUGUST 2022



3         FINANCIAL PERFORMANCE REPORT – JULY 2022

Author              Financial Services Manager (Acting), Pauline Coles
                    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
                    4.         Summary of Materials and Services Expenditure


EXECUTIVE SUMMARY
Performance against current budget for the month of July 2022 aligns with YTD budget at this early
stage of the new financial year. Note that budget review (BR1) carryovers (also included in the
Council meeting agenda) have not yet been adopted and are excluded from these results.


     YTD Financial Performance Summary
                                             Budget     Actual           Variance     Variance
                                                                                                  Status
                                                $m         $m                 $m            %
     Operating Revenue                        $45.2       $45.5              $0.3        0.7%    On Track
     Operating Expense                         $8.7        $8.5              $0.2        2.3%    On Track
     Operating Position                       $36.5       $37.0              $0.5        1.4%
     Capital Revenue                           $0.2        $0.7              $0.4      179.6%    On Track
     Capital Expenditure*                      $3.3        $3.2              $0.1        3.2%    On Track



Financial statements including Statement of Income & Expenditure, Statement of Financial
Position (balance sheet), and Statement of Cash Flows are included as attachments for information
for Council.

Figure 1: Actual Performance Compared to Budget

    $50                              $45.5
                       $45.2
    $45
    $40
    $35
    $30
    $25
    $20
    $15
                                                                               $8.5
    $10                                                           $8.7

     $5
     $-
                     Operating Revenue                        Operating Expenditure
                                   YTD Budget ($m)    YTD Actual ($m)




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