Agenda of Ordinary Council Meeting - 15 April 2013 - Moira Shire ...

CORPORATE GOVERNANCE
OFFICER REPORTS FOR DETERMINATION
FILE NO: 180.11.0002
3. OUR COMMUNICATIONS AND PROCESSES
ORDINARY COUNCIL MEETING
MONDAY, 15 APRIL 2013
ITEM NO: 9.1.3
(ASSISTANT FINANCIAL ACCOUNTANT,
KAY MORGAN)
(DIRECTOR CORPORATE GOVERNANCE,
ALISON COE)
FINANCIAL POSITION REPORT AS AT 31 MARCH 2013 (cont’d)
Income Statement 2012-2013
Operating Expense: Top 3 costs
2012-2013 Actuals 2012/2013 Analysis
Adopted Budget Approved Forecast Actuals
AS % OF TOTAL
REVENUE
% CHANGE FROM
ADOPTED BUDGET
% CHANGE
FROM FORECAST
Employee costs 12,880,026.00 12,909,804.00 12,179,629.04 23% -5% -6%
Employee costs - Flood recovery - - 303,357.99 1%
Contractors 3,990,654.00 4,261,040.00 3,618,674.94 7% -9% -15%
Contractors - Flood recovery - - 1,376,710.60 3%
Material & Services 7,459,506.00 6,993,197.00 6,809,036.30 13% -9% -3%
Material & Services - Flood recovery - 22,500.00 15,660,974.91 29% 69504%
Sub Total 24,330,186.00 24,186,541.00 39,948,383.78 74% 64% 65%
Operating Expense: General and Administrative
Cost of sales - Land held for resale 67,473.00 67,473.00 - -100.0% -100.0%
Interest on borrowing 493,947.00 494,145.00 444,455.17 1% -10.0% -10.1%
Utilities 917,883.00 929,818.00 716,260.92 1% -22.0% -23.0%
Utilities - Flood recovery - - 3,169.83 0%
WDV of disposal of assets 44,199.00 47,835.00 - -100.0% -100.0%
WDV of infrastructure replaced 149,940.00 - - -100.0%
Suspense - - -
Other expenses - Flood recovery - - 15,054.28 0%
Other expenses (specify) 2,920,392.00 3,110,958.00 3,171,280.01 6% 8.6% 1.9%
Total 4,593,834.00 4,650,229.00 4,350,220.21 8% -5.3% -6.5%
Operating Expense: Accounting adjustments
Bad and doubtful debts 3,753.00 - - -100.0%
Depreciation amortisation & impairment 5,984,541.00 5,981,472.00 5,986,929.69 11% 0.0% 0.1%
Landfill - Interest unwind discount 387,018.00 - - -100.0%
Share net profit associated entity 14,994.00 - - -100.0%
Total 6,390,306.00 5,981,472.00 5,986,929.69 11% -6.3% 0.1%
Total Operating Expenses without adjustments 28,924,020.00 28,836,770.00 44,298,603.99 82% 53.2% 53.6%
Surplus/Deficit from Operations 155,529.00 7,022,695.00 5,401,958.29
Capital Expenses - (WIP)
Renewal 8,741,952.00 7,639,613.00 4,323,446.25 8% -50.5% -43.4%
Total 8,741,952.00 7,639,613.00 4,323,446.25 8% -50.5% -43.4%
Moira Shire Council Page 24 of 220