FINANCIAL PERFORMANCE REPORT SEPTEMBER 2026 · Report

ORDINARY MEETING                                                               15 OCTOBER 2026


Detailed statements on Council's financial performance to 30 September are also outlined in the
following attachments to this report:

Attachment 1 - Statement of Income and Expenditure 30 September 2026
Attachment 2 - Statement of Financial Position 30 September 2026
Attachment 3 - Statement of Changes in Equity 30 September 2026
Attachment 4 - Financial Analytics 30 September 2026
Attachment 5 - Capital Financial Performance 30 September 2026

The $2.2M favourable operating variance at 30 September 2026 comprises a $1.8M operating
surplus from Council's core operating activities and a $0.4M operating surplus from Council's
Business Activities.




Council has elected to apply National Competition Policy (NCP) reforms to its Waste Management
and Holiday Parks operations which provides greater transparency and assists in removing
anticompetitive conduct while ensuring the best allocation of Council's limited resources. A summary
of the year-to-date operational performance of these business activities is as outlined in the above
table.

Operating Revenue
At 30 September 2026, Council had received $71.9M or 43.8% of its operating revenue budget of
$164.2M.

The favourable operating variance of $1.9M is mainly attributable to:
•   higher than anticipated rates $0.4M and waste utility charges $0.2M
•   higher than anticipated investment earnings (interest) arising from higher than budgeted average
    cash holdings $1.0M and higher than anticipated interest on overdue rates and charges $0.2M
Operating Expenditure
At 30 September 2026, actual operating expenditure was $40.0M or 24.3% of the full year operating
expenditure budget of $164.2M.

The favourable operating variance of $0.4M is mainly attributable to:
•   lower than anticipated employee benefits $0.3M
•   lower than anticipated materials and services costs of $0.1M
Operating expenditure is currently tracking within acceptable budget parameters, with no material
areas of concern identified. Variances remain largely driven by timing differences and expenditure
profiling. As the financial year progresses, further detailed analysis will be provided to identify
emerging trends and assess whether any underlying expenditure pressures require management
attention.

Tourism and Economic Development Investment
Council has resolved to report on a monthly basis, investment details for tourism and economic