Financial Performance Report April 2026

ORDINARY MEETING                                                                            21 MAY 2026


Rate arrears balances follow a predictable six-monthly cycle, increasing after the July and January
levy periods, and decreasing in the months that follow.

Measures of Financial Sustainability
As previously reported to Council, reporting of financial sustainability ratio performance will now
occur in September, December, March and June of each financial year.


Link to Corporate Plan
Theme No. 5 - Excellence
This theme focuses on customer experience, financial sustainability, innovation and technology,
levels of service, governance, our employees and volunteers, funding streams and asset
management practices.
Objective 5.2 - Continue to deliver a financially sustainable Council that has the resources
now and into the future to achieve its strategic objectives.
This will be supported through the introduction of enhanced sustainability reporting and performance
indicators, as well as ESG (environment social and governance) accounting practices as guided by
statutory requirements.




Previous Council Consideration
Financial Performance Report March 2026 to the 16 April 2026 Ordinary Meeting.


Finance
To meet its monthly reporting obligations under section 204 of the Regulation, a monthly financial
report is to be provided to Council for its information. This report complies with section 204 of the
Regulation, providing Council with a report on its financial performance to 30 April 2026 against its
Revised Budget for the 2025-26 financial year as adopted by Council on 19 February 2026.


Risk & Opportunities
Council’s risk register identifies a number of risks that could impact on its ongoing financial
sustainability.

In order to manage and mitigate these risks, Council uses various tools which include monthly
ongoing financial reporting to identify and address emerging issues, conservative budgeting,
compliance with the Financial Sustainability Policy, regular budget reviews, effective liquidity
management (to ensure sufficient fiscal flexibility), as well as adhering to the Reserves and
Restricted Cash policy which requires that Council maintains both a disaster management reserve
and a minimum 3 months cash cover to fund emergent matters.

At 30 April 2026, noting the financial impacts of the reclassification of Work In Progress (WIP)
projects and reprofiling / amendments to the timing of the delivery of the capital works program, there
are no other identified financial risks that will negatively impact Council's forecasted financial position
at 30 June 2026.


Human Rights
Human Rights Compatibility Statement
In developing this Report, the subject matter has been considered in accordance with the
requirements of the Queensland Human Rights Act 2019. It is considered that the subject matter