Financial Performance Report – Jun 2025 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                              14 JULY 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                             25.8     26.1         0.3          4.3          4.6          0.3
 Expenditure                         23.4     23.1         0.3          3.6          3.8        (0.2)
 Net Operating Position               2.4      3.0         0.6          0.7          0.8          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 interim performance against key measures of financial sustainability has been calculated
as at June 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%           5.1%          On Track
 Net Financial Liabilities Ratio            <60%         (7.0%)        (36.2%)         On Track
 Cash Cover Ratio                         3 months     9.5 months    11.1 months       On Track
 Asset Sustainability Ratio                 > 90%        116.6%         80.7%        Behind Budget

RECOMMENDATION
That Council note the report by the Financial Services Manager to the General Committee
Meeting dated 14 July 2025 outlining the interim 2024/25 full year financial performance against
budget, including changes to the financial performance report with the inclusion of key financial
sustainability indicators.