Financial Performance Report – Jun 2025 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                              14 JULY 2025


REPORT


Operating Revenue (YTD Benchmark 100.0%)
Council has received 101.3% ($143.1 million) of its operating revenue budget ($141.3 million).
Commentary on each revenue category is provided below.

 Category            Summary                   Comments
 Rates and Levies    $94.0 million (99.7%)        •   Waste utility charges $77.1k above FY budget
                     of the annual budget of          (100.0% or $17.1 million of $17.0 million
                     $94.3 million has been           annual budget earned)
                     earned                       •   General rate (net of discounts) $323.3k below
                                                      FY budget (99.5% or $70.9 million of $71.2
                                                      million annual budget earned)

 Fees and Charges    $9.6 million (87.2%) of      •   Waste $62.4k above FY budget (209.6% or
                     the annual budget of             $119.3k of $57.0k annual budget earned)
                     $11.0 million has been       •   Cemeteries $54.6k above FY budget (115.6%
                     earned                           or $404.4k of $349.8k annual budget earned)
                                                  •   Plumbing Compliance $53.2k above FY
                                                      budget (103.7% or $1.5 million of $1.4 million
                                                      annual budget earned)
                                                  •   Development Assessment $836.5k below FY
                                                      budget (76.7% or $2.7 million of $3.6 million
                                                      annual budget earned)
                                                  •   Local Laws $418.3k below FY budget (80.5%
                                                      or $1.7 million of $2.1 million annual budget
                                                      earned)
                                                  •   Building Compliance $262.1k below FY
                                                      budget (77.5% or $903.8k of $1.2 million
                                                      annual budget earned)

 Sale of Goods and   $16.5 million (103.4%)       •   Sports facilities revenue $420.8k above FY
 Services            of the annual budget of          budget (114.1% or $3.4 million of $3.0 million
                     $15.9 million has been           annual budget earned).
                     earned                       •   Holiday Park revenue $299.9k above FY
                                                      budget (106.9% or $4.6 million of $4.3 million
                                                      annual budget earned), however any revenue
                                                      upside will be generally offset by a
                                                      corresponding      increase   in   associated
                                                      operating costs
                                                  •   Waste Management revenue $216.9k below
                                                      FY budget (97.2% or $7.5 million of $7.7
                                                      million annual budget earned). Sales of
                                                      recyclables revenue down due to market
                                                      conditions and timing of sales.
 Interest Received   $6.6 million (178.1%)        •   Interest revenue has continued to track above
                     of the $3.7 million              budget with investment in higher yielding term
                     annual budget has                deposits maximising the return on surplus
                     been earned                      cash holdings. Cash holdings remain high due
                                                      to the advanced payment of grants &
                                                      subsidies, restricted levy balances, future
                                                      provision balances and delays in the delivery
                                                      of the capital works program.