07 Financial Performance Report - Jan 2025

GENERAL COMMITTEE MEETING                                                           17 FEBRUARY 2025


 Category           Summary                 Comments
                                                  year. This prepayment approach had been
                                                  consistent over the past 7 years.
                                               • Council has received notification of the approved
                                                  FY 2024/25 financial assistance grant allocation
                                                  which is less than budgeted. As such there is
                                                  potential for this to impact the FY 24/25 operating
                                                  position if payment of future years allocations are
                                                  not paid in the preceding year.

 Unitywater         On track                       •    Unitywater distributions are fixed each year so
 Distributions                                          there is limited budget variance risk

Figure 2: Operating Revenue Position by Type (Excluding Rates)




Operating Expenditure (YTD Benchmark 58.3%)
Actual operating expenditure is currently 55.0% ($77.6 million) of the full year budget ($141.1
million). Detailed commentary for each expenditure category is provided below.

 Category           Summary                            Comments
 Employee Costs     $28.9 million (54.4%) of the          •   Expenditure for permanent staff salaries
                    annual budget of $53.1                    and wages underspent ($1.3m) due to
                    million has been expended                 position vacancies and recoupment of YTD
                                                              vacancy dividend. This underspend is also
                                                              partially offset by additional spend on casual
                                                              staff and external labour hire ($946.6k).
                                                          •   Training costs are on target (63.9% or
                                                              $246.6k of $386.1k annual budget spent)
 Materials and      $34.6 million (55.0%) of the          •   Civil Operations $341.8k above budget
 Services           $62.8 million annual budget               (59.5% or $5.7 million of $9.5 million annual
                    has been expended.                        budget spent)
                                                          •   Holiday Parks $104.0k above budget
                                                              (64.3% or $1.6 million of $2.6 million annual
                                                              budget spent)
                                                          •   Disaster Management $60.5k above budget
                                                              (103.3% or $107.5k of $104.0k annual
                                                              budget spent)