Complete agenda for October 2009 Council Meeting (pdf, 1610KB)

Northland Regional Council - 21 October 2009 Page 99 Item 14Monthly Report for September 09September 09YEAR TO DATETotal Democracy and Corporate Services Actual Budget Variance Var % YTD Actual YTD Budget Variance Var % Annual BudgetRevenueRates 42,542 42,339 203 0% 127,626 127,017 609 0% $ 508,068.00User Fees and Sundry 318 2,916 (2,598) -89% 43,180 8,753 34,427 393% $ 35,000.00Grants and Subsidies 0 0 0 - 0 0 0 - $-Investment Interest Income 0 0 0 - 0 0 0 - $-Investment Property Income 437,776 435,186 2,590 1% 728,659 736,502 (7,843) -1% $ 3,100,000.00Forestry Harvest 0 0 0 - 0 0 0 - $ 365,825.00$480,635 $480,441 $194 0% $899,465 $872,272 $27,193 3% $4,008,893ExpenditureCommunity Representation $115,360 $115,148 $(212) 0% $291,285 $305,610 $14,324 5% $1,181,430Commercial Investments $(3,705) $19,226 $22,931 119% $47,141 $58,517 $11,376 19% $376,136$111,655 $134,374 $22,719 17% $338,426 $364,127 $25,701 7% $1,557,566Net Cost/(Surplus) of Service before extraordinary items $(368,980) $(346,067) $22,913 -7% $(561,039) $(508,145) $52,893 -10% $(2,451,327)Extraordinary ItemsLoss on sale of Investment Property 0 0 0 - 0 0 0 - 0Fair Value adjustment of Investment Property 0 0 0 - 0 0 0 - 0Commission on Sale of Investment Property 0 0 0 - 0 0 0 - 0Forestry Revaluation 0 0 0 - 0 0 0 - 137,0450 0 0 - 0 0 0 - 137,045Net Cost/(Surplus) of Service after extraordinary items $(368,980) $(346,067) $22,913 -7% $(561,039) $(508,145) $52,893 -10% $(2,588,372)Capital Expenditure $27,440 $27,440 $219,237RevenueMonth resultsUser Fees and Sundry variance is due to budget phasing, and is not material.All other income is tracking to budget.Year to Date resultsUser Fees and Sundry is showing a budget surplus for the year to date due to the recovery of rates and insurance costs from a tenant for thisyear and last year.All other income is tracking to budget.ExpenditureMonth resultsCommercial Investments is under budget this month primarily due to work on leased buildings reported as operating expenditure lastmonth being reclassified as capital expenditure this month. There are also a number of underspends due to budget phasing, in particular onconsultants.Year to Date resultsCommunity Representation is marginally underbudget due to savings across a number of areas as a result of budget phasing.Commercial Investments expenditure is underbudget for the year due to budget phasing of consultants costs.