07 Financial Performance Report - Jan 2025

GENERAL COMMITTEE MEETING                                                   17 FEBRUARY 2025


Council elects to apply National Competition Policy (NCP) reforms to its Waste Management and
Holiday Parks which provides greater transparency and assists with removing anti-competitive
conduct and ensures the best allocation of Councils limited resources. A summary of the YTD
operational performance of these business activities are outlined below.

                                         Waste Operations                  Holiday Parks
                                     Budget  Actual Variance         Budget   Actual Variance
                                       YTD      YTD       YTD          YTD      YTD       YTD
                                        $m       $m        $m           $m       $m        $m
 Revenue                               22.3     22.5       0.2          2.7      2.9       0.2
 Expenditure                           13.1     12.6       0.5          2.2      2.3     (0.1)
 Net Operating Position                 9.2      9.9       0.7          0.5      0.6       0.1

Financial statements including Statement of Income & Expenditure, Statement of Financial Position
(balance sheet), and Statement of Cash Flows are included as attachments for information for
Council.

Figure 1: Actual Performance Compared to Budget




Council’s performance against key measures of financial sustainability has been calculated as at
January 2025. These statutory indicators enable the reader to assess Council’s success in managing
its budget, cash and debt as well as undertaking sustainable asset management. The table below
contains a snapshot of a number of key measures, with full detail included in the report.


 YTD Measures of Financial Sustainability

                                                        Current
                                             Target                 Actual YTD        Status
                                                        Budget
 Operating Surplus Ratio                      0-10%       -0.1%        38.2%        On Track
 Net Financial Liabilities Ratio              <60%        -7.0%       -58.2%        On Track
 Cash Cover Ratio                           3 months   9.5 months   11.5 months     On Track
 Asset Sustainability Ratio                   > 90%      116.6%        42.8%      Behind Budget



RECOMMENDATION
That Council note the report by the Financial Services Manager to the General Committee
Meeting dated 17 February 2025 outlining the January 2025 year to date financial performance
against budget, including changes to the financial performance report with the inclusion of key
financial sustainability indicators.