Annual Report 2014-15

Total operating expenses were $159.3 million in 2014/15, which was an increase of $9.7 million over the previous year.
ACTUAL VS BUDGET
2012/13
($ MILLION)
2013/14
($ MILLION)
2014/15
($ MILLION)
Total Actual Expenses 143.7 149.7 159.3
Total Budget Expenses 140.6 151.4 167.1
Operating Expenses vs Budget
The graph on the right
illustrates how effective the
City's budget development and
management practices are by
comparing how close actuals
align to budget.
When comparing actual
spend against the budget
an improvement of 5% is
observed. Furthermore each
expense category of the
operating expenses (excluding
depreciation) achieved an
end of year result against the
budget of less than 10%.
RESULT FROM OPERATIONS
120%
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
108% 105% 100%
2012/13 2013/14 2014/15
When considering financial sustainability one of the key measures referred to is the Result from Operations, which is calculated
by subtracting Operating Expenses from Operating Revenues. The City recognises the importance of budgeting towards
and achieving long term financial sustainability in this regard and as such, provided in the table below is reference to past
years’ results.
DESCRIPTION
2012/13
ACTUAL ($ MILLION)
2013/14
ACTUAL ($ MILLION)
2014/15
ACTUAL ($ MILLION)
Results from Operations (Revenue – Expenses) 5.9 7.2 7.2
The figures presented above reflect strong positive outcomes for 2014/15 as well as the previous two financial years.
20 | ANNUAL REPORT 2014/2015 | CITY OF WANNEROO | THE YEAR IN REVIEW