the director of finance and corporate services · 10/07/2012 · the director of finance and...

TO:

FROM:

MEETING DATE:

FINANCE AND POLICY COMMITTEE

THE DIRECTOR OF FINANCE AND CORPORATESERVICES

10 JULY 2012

FINANCIALS TO 30 APRIL 2012

Report Prepared by: Dean Johnston - Director of Finance and Corporate Services

SUMMARY

For the ten months to 30 April 2012, Finance and Policy is $510,806 under budget.

RECOMMENDATIONS

That this report be received.

IMPLICATIONS

Has this been provided forjn the Long Term Plan/Annual Plan?

No

Is a budget amendment required?

No

Is this matter significant in terms of Council's Policy on Significance?

No

Implications in terms of other Council Strategic Documents or Council Policy?

No

Have the views of affected or interested persons been obtained and is any furtherpublic consultation required?

No

FINANCIAL IMPLICATIONS

None

DEMOCRATIC RESPONSIBILITY

For the 10 months ended 30 April 2012, democratic responsibility is $51,853 below budget.Both the Mayor and Councillors are under budget for the ten months, but these budgetsvariances should reduce at year end.

FINANCE AND CORPORATE SERVICES

Finance and Corporate Services are $432,567 under budget for the ten months. The mainreasons for this are that rates penalties are well ahead of budget and that all departmentsare being conscious of cash.

GRANTS

Grants are $4,118 below budget till the end of April 2012 due to timing differences betweenthe budget and actual draw down of costs.

HALLS AND THEATRES

Halls and theatres are $22,268 below budget for the ten months due to costs being lowerthan budgeted and Invercargill Venue and Events Management has taken over a lot of theoperation costs.

Democratic Responsibility

Operational Statement

Ten months to 30 April 2012

Operational Income

ActualYear to Date

Budget Variance12mthBudget

Councillors

Total Income

Operational Expenditure

Bluff Community BoardChief Executive OfficerCouncillorsMayor

Total Operational

Net Operational

Democratic Responsibility

Appropriation Account


Net Operational b/fwd

Capital Expenditure

Chief Executive OfficerMayor

Capital Movements

Chief Executive OfficerCouncillorsMayor

Total Capital Funds

Rates Required

12,714 CR

12,7 1 4 CR

58,532490,320501,045236,548

1,286,445

1,273,731

Actual

1,273,731

26,33021,739

48,069

025,00021,739 CR

3,261

1,325,061

0

0

50,090482,401537,255261,168

1,330,914

1,330,914

•

Year to DateBudget

1,330,914

16,0005,000

27,000

025,000

0

25,000

1,376,914

12.714CR

12, 714 CR

8,4427,919

36,21 OCR24,620 CR

44.469 CR

57,183 CR

Variance

57,1 83 CR

10,33016,739

27,069

00

21.739CR

21J39CR

51,853 CR

0

0

71,700588,444656,369277,197

1, 593,7 10

1,593,710

12mthBudget

1,593,710

40,0005,000

45,000

40,000 CR20,000 CR5,000 CR

65,000 CR

1,573,710

Finance and Corporate Services



Operational Income

Accounting ServicesDirectorCorporate ServicesInformation ServicesInvestment PropertySecretarial Services

Total Income



Total Operational

Net Operational

Finance and Corporate Services



Actual

941, 500 CR1,385,373 CR2,005,636 CR1, 800,864 CR1, 008,090 CR203, 809 CR

7, 345, 2 72 CR

978,0461,774,9711,923,8371,728,3641,196,593777,746

8, 379,55 7

1,034,285

'vices

Year to DateBudget

832,180 CR1,315,380 CR1, 969,930 CR1, 739,300 CR1,021,480 CR214,790 CR

7, 093,060 CR

945,2301,831,9701,959,747

• 1,746,2221,202,908768,357

8,454,434

1,361,374

Variance

109,320 CR69,993 CR35,706 CR61,564 CR13,39010,981

252,2/2 CR

32,81656,999 CR35,910 CR1 7,858 CR6.31 S C R9,389

74,877 CR

327,089 CR

12 mthBudget

998,611 CR5,028,465 CR2,363,900 CR2,087,1 50 CR1,560,01 S C R257, 750 CR

12.295,891 CR

1,163,6112,216,5512,363,9002,040,6501,446,971936,662

10,168,345

2,127,546 CR


Actual

1,034,285

Year to DateBudget

1,361,374

Variance

327,089 CR

12 mthBudget

2,127,546 CR

Capital Expenditure


Total Capital Expenditure

Capital Movements


Total Capital Movements

Total

Add Back Non Cash Depreciation

Rates Required

19,3283,000

0114,960

1,1750

138,463

13,91 S C R19,654

00

266,645 CR0

260,904 CR

911,844

47 CR

911,797

40,0004,1706,250

135,0000

4,170

189,590

40,000 CR29,200

00

191,630 CR4,170 CR

2 06. 600 CR

1,344,364

0

1,344,364

20,672 CR1,170 CR6,250 CR

20,040 CR1,1754.170CR

51.127CR

26,0879,546 CR

00

75.015 CR4,170

54.304 CR

432,520 CR

47 CR

432,567 CR

40,00015,0007,500

145,0000

10,000

217,500

205,000 CR64,955 CR7.500 CR

145,000 CR229,951 CR1 0,000 CR

662.406 CR

2.572,452 CR

0

2,572,452 CR

Grants and Subsides



Operational Income

Grants and Subsides

Total Income


Grants and Subsides

Total Expenditure

Year to DateActual Budget

0 0

0 0

3,401,256 3,450,455

3,401,256 3,450,455

12mthVariance Budget

0 0

0 0

49,199 CR 6,476,389

49,1 99 CR 6,476,389

Net Operational




Capital Expenditure

Grants and Subsides


Capital Movements

Grants and Subsides


Rates Required

3,401,256 3,450,455 49,199 CR 6,476,389

Actual

3,401,256

0

0

3,411

3,411

3,404,667

Year to DateBudget

3,450,455

0

0

41.670CR

41.670CR

3,408,785

Variance

49,1 99 CR

i i

0

45,081

45,081

4.118 CR

12mthBudget

6,476,389

0

0

2,038.951 CR

2,038,951 CR

4,437,438

Halls and Theatres Section

Operating StatementTen months to 30 April 2012

Operational Income

Civic Theatre

Total Income


Civic TheatreMyross Bush HallOtatara Community CentreAwarua HallBluff Hall

Total Expenditure

Nett Operational


Nett Operational b/fwd

Capital Expenditure

Civic TheatreAwarua Hall


Capital Movements

Bluff HallCivic TheatreOtatara Community CentreMyross Bush HallMakarewa Hall

Total Capital Funds

Rates Required

Actual

225 CR

225 CR

882,7290000

882, 729

882,504

882,504

2,3850

2,385

00000

0

884,890

Year to DateBudget

0

0

900,7100000

900,710

900,710

900,710

12,5000

12,500

06,052 CR

000

6,052 CR

907,158

Variance

225 CR

225 CR

17,981 CR0000

17.981 CR

18,206 CR

1 8,206 CR

10.11 S C R0

10.11 SCR

06,052

000

6,052

22,268 CR

12 MonthBudget

0

0

1,077,9181,620

01,320

0

1,080,858

1,080,858

1,080,858

15,000707

/ J, 707

7,08715.000CR6,448

11,8461,529

11,910

1,108,475

Museum

Operating StatementTen months to 30 April 2012

Operational Income

Museum

Total Income


Museum

Total Expenditure

Nett Operational

Actual

1,394.806 CR

1,394,806 CR

1,358,670

1,358,670

Year to DateBudget

1,289.040 CR

/,289,040 CR

1,288,220

1,288,220

Variance

70,450

70,450

12 MonthBudget

105,766 CR 1.546.856 CR

105.766 CR !,546,856 CR

1,545,856

1,545,856

36,136 CR 820 CR 35,316 CR 1,000 CR


Nett Operational b/fwd

Capital Expenditure

Museum


Capital Movements

Museum


Total

Rates Required

36,136 CR 820 CR 35,316 CR 1,OOOCR

5,841

5,841

30,305

30,305

10

10

830

830

0

0

10

10

5,011

5,011

30,305

30,305

0

0

1,000

1,000

0

0

0

0

Finance and Policy CommitteeFinancial Summary



Democratic ResponsibilityFinance and Corporate ServicesGrants and SubsidiesHalls and TheatreMuseum

Total Operational

Actual

1,273,7311,034,2853,401,256882,50436,136 CR

Year to DateBudget

1,330,9141,361,3743,450,455900,710

10

Variance

57,1 83 CR327,089 CR49,199 CR1 8,206 CR35,31 6 CR

12 mthBudget

1,593,7102.1 27,546 CR6,476,389

1,108,4751,OOOCR

6,555,640 7,043,463 486.993 CR 7,050,028


Democratic ResponsibilityFinance and Corporate ServicesGrants and SubsidiesHalls and TheatreMuseum

1,325,061911,797

3,404,667884,890

10

1,376,9141,344,3643,408,785907,158

10

51,853 CR432,567 CR

4,118 CR22,268 CR

0

1,573,7102,572,452 CR4,437,4381,108,475

0

Rates Required 6,526,425 7,037,231 510,806 CR 4,547,171