FINANCIAL PERFORMANCE REPORT MAY 2026 · Report

ORDINARY MEETING                                                                     18 JUNE 2026




As noted in the above graph and trend line, since July 2025, Council's total cash holdings have been
trending upwards and since 31 May 2025 have increased by $24.5m or 20.8%. The above monthly
results now indicate that Council's cash balance will be higher than its Revised Budget for the
2025/26 financial year as adopted by Council on 19 February 2026.

There are a number of factors contributing to this outcome including:
•   recognition of a higher than anticipated cash balance at 30 June 2025, due to the finalisation of
    Council's 2024/25 financial statements $17.4m
•   finalisation of the current recovery program which will improve Council's forecast cash position
    at 30 June 2026 by $15.0m
•   reprofiling and timing issues associated with Council's 2025/26 capital works program. The
    budget assumes and in turn funds 100% completion of the capital works program
•   higher than anticipated interest revenue due to higher than anticipated cash holdings which is
    estimated to achieve additional revenues in the order of $3.0m
•   higher than anticipated interest on Council's investment in Unitywater $0.8m.

The above result reflects, in part, prudent and conservative financial management practices that
have supported Council’s ongoing financial sustainability. Concurrently, a program of continuous
process improvement is being progressed to further strengthen the maturity, accuracy and reliability
of financial forecasting across the budget preparation and management framework.

Excluding interest on overdue rates and utility charges, at 31 May 2026, Council had received $7.7m
($2.4m from Associate - Unitywater) in interest from its investments.


Rates and Utility Charges
Rate Arrears

As outlined in the following table, at 31 May 2026 Council's outstanding rates and utility charges
totalled $8.5m or 7.2% of Council's rates and utility charges base, with the decrease in outstanding
rates and charges from April 2026 ($9.2m or 7.8%).