FINANCIAL PERFORMANCE REPORT - DECEMBER 2025 · Report

GENERAL COMMITTEE MEETING                                                           19 JANUARY 2026




Of the total year to date capital expenditure, $2.1m relates to disaster recovery works.

Other Capital Expenses of $4.6m disclosed in the attachments, represents the in-part value of capital
projects that have now been written off through the project now underway to review Council's
excessive WIP balance. In the 2025 financial year, Council incurred expenditure of $10.1m against
this line item with this item to be carefully considered in the development of the 2027 Budget.

At 30 June 2025, Council's Work-In-Progress (WIP) balance was $110.3m or 8.2% of its Property,
Plant and Equipment balance of $1,351.3m. After allowing for asset capitalisation of $14.6m, prior
year asset write-offs of $2.9m and year to date capital expenditure of $13.9m, at 31 December 2025,
Council's WIP balance was $106.7m.

Cash Management and Investment Performance
Total cash on hand at the end of December 2025 was $125.4m. Included in this balance are funds
held in trust of $6.7m with $118.7m being at call. Of the total cash balance at 30 June 2025 of
$125.4m, $30.7m was externally restricted for items such as unexpended levy funds with a further
$25.3m internally restricted for items such as disaster management, waste management and future
asset replacement.

Council's investments continue to be made in accordance with its Investment Policy adopted on 30
June 2025, with funds continuing to be redirected to Queensland Treasury Corporation (QTC) 80.7%
due to the relatively higher interest rates being offered by this institution. Under Council's Investment
Policy, there is no upper limit on the dollar or percentage value that can be invested with QTC.
Council also has significant funds of 19.3% of its total cash holdings invested with other financial
institutions in compliance with Council's Investment Policy. The highest investment in this category
is 15.35% against an upper individual limit of 35.0%. A summary of Council's Investments at 31
December 2025 is outlined in the following table.




Council received $3.2m ($1.2m from Associate - Unitywater) in interest from its investments to 31
December 2025 with a further $0.5m recognised as interest on overdue rates and utility charges.