FINANCIAL PERFORMANCE REPORT MAY 2026 · Report

ORDINARY MEETING                                                                     18 JUNE 2026


 Category                                   Totals

 Total rate arrears                       $8,515,961

 2025/26 Rates Revenue*                 $118,000,000

 Rates arrears %                            7.2%

 Rates arrears % (prior month)              7.8%

 Movement in arrears                      $731,537


To the end of May 2026, Council had recognised $925k in interest payments on overdue rates and
utility charges.

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 April 2026 to the 21 May 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 31 May 2026 against its
Revised Budget for the 2025-26 financial year as adopted by Council on 19 February 2026.