FINANCIAL PERFORMANCE REPORT MAY 2026 · Report

ORDINARY MEETING                                                                        18 JUNE 2026



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 $4.6m, 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.

For comparative and discussion purposes, the following graphs present base capital expenditure
and project staged completion to 30 April 2026, as most recently reported to the Capital Works
Executive Committee. These graphs are intended to visually support and complement the
information outlined in this report and reflect the same trends disclosed in Attachment 5.




Detailed discussion of the progress of the capital works program is also provided through a separate
quarterly report by the Infrastructure Team.

Cash Management and Investment Performance

Total cash on hand at the end of May 2026 was $142.5m, with $7.0m of this balance held in trust.

Of the total cash balance at 30 June 2025 of $109.1m, $30.7m was externally restricted for items
such as unexpended levy funds with a further $25.3m internally restricted for items such as disaster
management, waste management and future asset replacement. The mix of Council's external and
internal restricted cash will be reviewed during the compilation of Council's 2025/26 Financial