Meeting papers

SPECIAL MEETING                                                                          30 JUNE 2025


1. Background
In accordance with section 104 of the Local Government Act 2009 and sections 169 and 170 of the
Local Government Regulation 2012, Council is required to adopt its budget for a financial year, after
31 May before the financial year and before 1 August in the financial year. Under section 169(2)(b)
of the Local Government Regulation 2012, Council is required to include a revenue statement in its
budget. Section 172 of the Local Government Regulation 2012 details what must be included in the
revenue statement while section 193(2) of the Local Government Regulation 2012 states that
guidelines for preparing the revenue statement may be included in the revenue policy.


The budget document provided for consideration and adoption include:
   •   Budget Financial Statements (incorporating the estimated cost and activities of Council's
       significant business activities carried out using a full cost pricing basis)
   •   Relevant Measures of Financial Sustainability
   •   Long Term Financial Forecast
   •   Capital Works Program
   •   Rates and Charges Comparison
   •   Revenue Statement
Under section 169(3) of the Local Government Regulation 2012, the statement of income and
expenditure must include each of the following:
   •   rates and utility charges excluding discounts and rebates
   •   developer contributions
   •   fees and charges
   •   interest
   •   grants and subsidies
   •   depreciation
   •   finance costs
   •   net result and
   •   the estimate cost of Council's significant business activities carried on using a full cost pricing
       basis, the activities of Council's commercial business units and Council's significant business
       activities
Council's budget documents comply with these disclosure requirements.


2. Total Council Expenditure Budget


Council’s total 2025/26 expenditure budget of $202.5 million incorporates an operating expenditure
budget of $151.6 million and a capital expenditure budget of $50.9 million, which includes loan
repayments of $1.3 million.




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