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

Northland Regional Council - 21 October 2009 Page 101 Item 14Monthly Report for September 09September 09YEAR TO DATETotal Regional Economic Development Actual Budget Variance Var % YTD Actual YTD Budget Variance Var % Annual BudgetRevenueRates 102,837 103,504 (667) -1% 308,511 310,509 (1,999) -1% $ 1,242,038User Fees and Sundry 0 0 0 - 14,950 0 14,950 - $-Grants and Subsidies 0 0 0 - 0 0 0 - $-Investment Interest Income 0 0 0 - 0 0 0 - $ 518,000$102,837 $103,504 $(667) -1% $323,461 $310,509 $12,951 4% $1,760,038ExpenditureRegional Growth Programme $18,766 $27,134 $8,368 31% $42,582 $64,647 $22,065 34% $395,896Economic Development $740,537 $745,421 $4,884 1% $760,593 $775,818 $15,226 2% $2,380,060$759,303 $772,555 $13,252 2% $803,174 $840,465 $37,291 4% $2,775,956Net Cost/(Surplus) of Service before extraordinary items $656,466 $669,051 $12,585 2% $479,714 $529,956 $50,242 9% $1,015,918Extraordinary ItemsRegional Recreational Facilities Rate 94,560 94,013 547 1% 283,681 282,039 1,642 1% 1,128,155Regional Events Centre expenditure (487,197) (500,000) (12,803) 3% (521,417) (535,000) 13,583 -3% 13,000,000(392,637) (405,987) (13,350) 0 (237,736) (252,961) 15,225 (0) 11,871,845Net Cost/(Surplus) of Service after extraordinary items $1,049,103 $1,075,038 $25,935 2% $717,450 $782,917 $35,017 4% $12,887,763Capital Expenditure $0 $0RevenueMonth and Year To Date ResultsRevenue for the month and year to date is in line with budget.ExpenditureMonth and Year To Date ResultsRegional Growth Programme is below budget due to an underspend on salaries and wages as a result of a staff vacancy.Economic Development is tracking to budget.Extraordinary ItemsThe Regional Event Centre expenditure relates to expenditure incurred towards the construction of the Regional Events Centre.