Financial Performance Report – February 2025 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                              17 MARCH 2025


 Category           Summary                        Comments
                                                         •   Streetlighting $106.4k above budget (75.6%
                                                             or $833.5k of $1.1 million annual budget
                                                             spent)
                                                         •   Waste Management $171.3k below budget
                                                             (60.8% or $9.0 million of $14.8 million
                                                             annual budget spent)
                                                         •   Arts & Culture $153.3k below budget
                                                             (55.5% or $1.4 million of $2.6 million annual
                                                             budget spent)
                                                         •   Canals and Waterways $101.1k below YTD
                                                             forecast budget (41.4% or $143.6k of
                                                             $346.2k annual budget spent)
                                                         •   Development Assessment $99.0k below
                                                             budget (69.8% or $916.5k of a $1.3 million
                                                             annual budget spent)
                                                         •   Buildings and Facilities $74.5k below
                                                             budget (54.0% or $666.8k of a $1.2 million
                                                             annual budget spent)
                                                         •   Sports & Active lifestyles $62.4k below
                                                             budget (60.8% or $1.0 million of a $1.6
                                                             million annual budget spent)

 Finance Costs      Currently on track                   •   Whilst existing loan borrowings are set with
                                                             fixed interest rates, any further RBA rate
                                                             rises will impact finance costs on new loan
                                                             borrowings. YTD underspend also relates
                                                             to the timing of drawdown of forecast
                                                             borrowings for FY 2025.
 Depreciation       Currently on track             Nil
 Other Expenses     Currently on track             Nil

Figure 3: Operating Expenditure Position by Type




Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Tourism and economic development activity is funded through the general rates
revenue. Expenditure at 28 February 2025 is outlined below: