FINANCIAL PERFORMANCE REPORT MAY 2026 · Report

ORDINARY MEETING                                                                     18 JUNE 2026


year and as indicated above, the receipt of the remaining outstanding grants and subsidies remains
dependent upon the completion of the balance of the 2025/26 capital works program.

Major capital grants and subsidies received to 31 May 2026 by project are outlined in the following
table.




Capital Expenditure

At 31 May 2026, actual capital expenditure (excluding commitments) was $33.3m or 41.2% 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 $26.8m or 34.3% of the revised capital budget of
$78.1m as outlined in the following table. However, once recovery works are also excluded, at 31
May 2026 financial completion of the remaining capital works program increases to 50%.