2013-05-28-council-agenda - Taupo District Council
2013-05-28-council-agenda - Taupo District Council
2013-05-28-council-agenda - Taupo District Council
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1^1^<br />
INCOME STATEMENT<br />
for the 10 months ending 30 April <strong>2013</strong><br />
Income<br />
Rates revenue<br />
Other revenue from significant activities<br />
Finance income<br />
Other revenue<br />
Other gains/flosses)<br />
FINANCIAL UPDATE<br />
for the ten months to 30 April <strong>2013</strong><br />
Notes<br />
la<br />
Ib<br />
Ib<br />
1c<br />
Full<br />
YTD YTD YTDYear<br />
43,155 43,229<br />
11,824 9,934<br />
4,314 4,137<br />
353<br />
453<br />
Year<br />
End<br />
Actual Budget Variance Budget Forecast<br />
$000 $000 $000 $000 $000<br />
(74) 51,813 51,808<br />
1,890 12,523 13,738<br />
177 5,065 5,0<strong>05</strong><br />
353 900 523<br />
453 636 4,740<br />
Total operating revenue 60,099 57,300 2,799 70,937 75,814<br />
Expenditure<br />
Employee benefit expenses<br />
Depreciation and amortisation<br />
Finance costs<br />
Other expenses<br />
15,019 15,499<br />
16,112 16,168<br />
8,511 9,302<br />
21,663 23,186<br />
480 18,602 17,938<br />
56 19,402 19,321<br />
791 11,162 10,298<br />
1,523 <strong>28</strong>,404 31,306<br />
Total operating expenditure 61,3<strong>05</strong> 64,155 2,850 77,570 78,863<br />
Operating surplus (deficit) before tax (1,206) (6,855) 5,649 (6,633) (3,049)<br />
Operating surplus (deficit) before taxation excluding<br />
Development & Financial Contributions (1,816) (7,249) 5,433 (7,106) (3,659)<br />
BALANCE SHEET<br />
as at 30 April <strong>2013</strong><br />
Total Current Assets<br />
Total Non-Current Assets<br />
Actual Budget Variance Actual<br />
30/04/13 30/06/13 to Budget 30/06/12<br />
$000 $000 $000 $000<br />
51,170 39,412 11,758 70,816<br />
1,290,492 1,374,669 (84,177) 1,267,377<br />
Total Assets 1,341,662 1,414,081 (72,419) 1,338,193<br />
Total Current Liabilities<br />
Total Non-Current Liabilities<br />
75,156<br />
1<strong>28</strong>,643<br />
23,104<br />
179,<strong>05</strong>3<br />
(52,<strong>05</strong>2)<br />
50,410<br />
100,472<br />
98,653<br />
Total Liabilities<br />
203,799 202,157 (1,642) 199,125<br />
Total Net Assets<br />
1,137,863 1,211,924 (74,061) 1,139,068<br />
Commentary on Financial Results<br />
. The Budget comparison for this report is based on the Approved LTP plus any <strong>Council</strong> approved<br />
budgets subsequent to 30 June 2012.<br />
. Year-to-date deficit excluding Development Contributions is $5,433k less than budget, a detailed<br />
analysis of this variance follows in Notes 1 and 2.<br />
. Finance costs are $791 k less than budgeted due to lower than budgeted debt levels at June 2012 and<br />
the debt programme now in place.<br />
Note that a positive number in the variance column reflects a favourable variance, a negative number<br />
reflects an unfavourable variance.
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