Financial Performance Report – February 2025 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                           17 MARCH 2025


Council elects to apply National Competition Policy (NCP) reforms to its Waste Management and
Holiday Parks which provides greater transparency and assists with removing anti-competitive
conduct and ensures the best allocation of Council's limited resources. A summary of the YTD
operational performance of these business activities are outlined below.

                                          Waste Operations                   Holiday Parks
                                      Budget  Actual Variance          Budget   Actual Variance
                                        YTD      YTD       YTD           YTD      YTD       YTD
                                         $m       $m        $m            $m       $m        $m
 Revenue                                22.9     23.2       0.3           3.0      3.2       0.2
 Expenditure                            14.9     14.7       0.2           2.5      2.5       0.0
 Net Operating Position                  8.0      8.5       0.5           0.5      0.7       0.2

Financial statements including Statement of Income & Expenditure, Statement of Financial Position
(balance sheet), and Statement of Cash Flows are included as attachments for information for
Council.

Figure 1: Actual Performance Compared to Budget




Council’s performance against key measures of financial sustainability has been calculated as at
February 2025. These statutory indicators enable the reader to assess Council’s success in
managing its budget, cash and debt as well as undertaking sustainable asset management. The
table below contains a snapshot of a number of key measures, with full detail included in the report.


 YTD Measures of Financial Sustainability
                                                         Current
                                             Target                   Actual YTD        Status
                                                         Budget
 Operating Surplus Ratio                      0-10%       -0.1%          30.5%        On Track
 Net Financial Liabilities Ratio              <60%        -7.0%         -49.0%        On Track
 Cash Cover Ratio                           3 months   9.5 months     14.1 months     On Track
 Asset Sustainability Ratio                   > 90%      116.6%          51.7%      Behind Budget




RECOMMENDATION
That Council note the report by the Financial Services Manager to the General Committee
Meeting dated 17 March 2025 outlining the February 2025 year to date financial performance
against budget, including changes to the financial performance report with the inclusion of key
financial sustainability indicators.