07 Financial Performance Report - Jan 2025

GENERAL COMMITTEE MEETING                                                     17 FEBRUARY 2025


•   Employee Costs are $32.0k below budget (50.3% or $329.3k of $654.6k annual budget spent)
•   Materials & Services are in line with budget at this stage of the year.

Capital Revenue
Year to date Capital revenue of $45.1 million received comprises cash contributions from
developers ($0.7m) and capital grants ($44.5 million). Note that the timing of capital grant
receipts are generally dependent on the timing of grant conditions and also capital delivery
performance, and that the timing of the receipt of developer contributions (both cash and
contributed) is unpredictable.
Grants and subsidies are higher than prior years due to the receipt of funding from the
Queensland Reconstruction Authority for reconstruction works relating to the Black Mountain
landslip and several other flood impacted sites, which are currently under construction.
Figure 6: Capital Revenue by Type




Capital Program
Actual capital expenditure (excluding commitments and disaster projects) is $14.8 million (YTD
budget $24.9 million). Expenditure on disaster projects (excluding commitments) is $35.4 million
(YTD budget $53.7 million).
Detailed discussion of progress in the delivery of the capital works program is provided through
a separate quarterly report by the infrastructure team.

Figure 7: Capital Program Delivery Performance