FINANCIAL PERFORMANCE REPORT MAY 2026 · Attachment 1 - Statement of Income and Expenditure 31 May 2026

Attachment 1 - Statement of Income and Expenditure 31 May 2026

                                                                   Statement of Income and Expenditure

                                                           $'000              $'000      $'000
For the Year Ending 30 June 2026                                                                          $'000              %
                                                          Actual     Current Budget   Variance
At 31 May 2026                                                                                   Current Budget   Annual Budget
                                                            YTD                YTD         YTD


Profit and Loss Statement

Revenue
 Recurrent Revenue
 Rates, levies and charges                               104,796           104,328        468          104,351         100.43%
 Fees and charges                                         10,656            11,470      (814)           12,339          86.36%
 Dividend income                                             998               998           0           2,100          47.52%
 Interest received                                         8,658             5,523      3,135            5,710         151.63%
 Tax equivalents                                           1,445             1,474        (29)           2,000          72.25%
 Sale of Goods and Major Services                         15,596            15,700      (104)           17,278          90.27%
 Sale of Contract & Recoverable Works                          5                 0           5              31          16.13%
 Rental & Lease Income                                     1,979             2,140      (161)            2,348          84.28%
 Other income                                              1,653               896        757            1,002         164.97%
 Grants, subsidies, contributions and donations            6,438             4,547      1,891            6,237         103.22%
                                                         152,224           147,076      5,148          153,396          99.24%
Expenses
  Recurrent Expenses
  Employee benefits                                       54,310            54,090        220           58,999          92.05%
  Materials and services                                  58,464            57,420      1,044           67,664          86.40%
  Finance costs                                            2,024             2,591      (566)            2,872          70.47%
  Depreciation and amortisation                           21,516            21,516          0           23,475          91.65%
  Other expenses                                             329               282         47              294         111.90%
                                                         136,644           135,899        745          153,304          89.13%

Operating Result                                          15,580            11,176      4,403               92

Summary of Capital Expenditure and Funding

Capital Funding
 Capital cash contributions and infrastructure charges     2,331             1,293      1,038            1,293         180.28%
 Contributed assets                                            0               692      (692)            1,500           0.00%
 Capital grants and subsidies                             25,044            16,335      8,709           45,742          54.75%
 Other capital revenue                                         0                 0          0                0           0.00%
                                                          27,375            18,320      9,054           48,535

Net Result                                                42,954            29,496     13,458           48,627

Capital Expenditure
 Contributed assets                                            0               692       (692)           1,500           0.00%
 Capital works - constructed assets                       20,935            58,533    (37,598)          66,349          31.55%
 Capital works - other capital                             5,836             7,825     (1,990)          11,770          49.58%
 Loan redemption                                           1,907             1,227     (1,227)           1,227         155.42%
 Other capital expenses                                    4,635                 0       4,635               0           0.00%
Total Capital Expenditure                                 33,313            68,277    (36,872)          80,846