Financial Performance Report April 2026

ORDINARY MEETING                                                                            21 MAY 2026


Major capital grants and subsidies received to 30 April 2026 by project are outlined in the following
table.




Capital Expenditure
At 30 April 2026, actual capital expenditure (excluding commitments) was $31.8m or 39.3% of
Council's $80.8m revised capital works program.

As shown in the following table, when this expenditure is adjusted to exclude $4.6m of other capital
expenses associated with the write off of assets, loan redemption payments of $1.9m and
contributed assets, actual capital expenditure was $25.3m or 32.3% of the revised capital budget of
$78.1m as outlined in the following table.




Of the total year to date capital expenditure outlined above, $2.3m relates to disaster recovery
works. In line with the approved recovery programs for the 2025/26 and 2026/27 financial years,
Council officers are now not anticipating any further significant recovery program expenditure in the
2025/26 financial year. The recovery program has a current year budget of $29.3m.

Other Capital Expenses of $4.6 million, as disclosed in the attachments, represent the partial value
of capital projects that have either been written off following the end of their useful lives in accordance
with standard asset management practices, or relate to projects currently under review as part of
Council’s assessment of its work-in-progress balance.