FINANCIAL PERFORMANCE REPORT SEPTEMBER 2026 · Attachment 1 - Statement of Income & Expenditure 30 September 2026

Attachment 1 - Statement of Income and Expenditure 30 September 2026

                                                                  Statement of Income and Expenditure

                                                          $'000              $'000       $'000
For the Year Ending 30 June 2027                                                                          $'000              %
                                                         Actual     Current Budget    Variance
At 30 September 2026                                                                             Current Budget   Annual Budget
                                                           YTD                YTD          YTD


Revenue
 Recurrent Revenue
 Rates, Levies and Charges                               57,589            57,074         515          113,970          50.53%
 Fees and Charges                                         4,271             4,210           60          13,683          31.21%
 Dividend Income                                          1,032             1,032         -              2,000          51.60%
 Interest Received                                        2,345             1,188       1,157            6,253          37.50%
 Tax Equivalents                                            337               337         -              1,600          21.06%
 Sale of Goods and Major Services                         4,155             4,278 -       123           17,819          23.32%
 Sale of Contract & Recoverable Works                       -                 -           -                 32           0.00%
 Rental and Lease Income                                    562               657 -         94           2,483          22.63%
 Other Income                                               380               274         105            1,017          37.36%
 Grants, Subsidies, Contributions and Donations           1,185               937         248            5,382          22.02%
                                                         71,855            69,987       1,868          164,240          43.75%
Expenses
  Recurrent Expenses
  Employee Benefits                                      16,404            16,683 -       280           63,916          25.66%
  Materials and Services                                 16,539            16,604 -         66          72,250          22.89%
  Finance Costs                                             556               589 -         34           2,372          23.44%
  Depreciation and Amortisation                           6,356             6,356         -             25,425          25.00%
  Other Expenses                                            118               120 -          2             235          50.21%
                                                         39,972            40,354 -       381          164,198          24.34%

Operating Result                                         31,883            29,633       2,249               42

Summary of Capital Expenditure and Funding

Capital Funding
 Capital Cash Contributions and Infrastructure Charges      130               130         -              1,597           8.14%
 Contributed Assets                                         -                 -           -              1,597           0.00%
 Capital Grants and Subsidies                             6,109             5,852         257           47,839          12.77%
 Other Capital Revenue                                      -                 -           -                -             0.00%
 Gain / Loss on Disposal
                                                          6,239             5,982         257           51,034

Net Result                                               38,122            35,615       2,506           51,076

Capital Expenditure
 Contributed Assets                                         -                 -           -              1,597           0.00%
 Capital Works - Other Capital                           10,328            21,981 -    11,653           51,909          19.90%
 Capital Works - Recovery                                   545               -           545           29,200           1.87%
 Capital Works - Waste                                    1,813             3,297 -     1,484           18,550           9.77%
 Debt Redemption                                            953               953         -              1,907          49.97%
 Other Capital Expenses                                     -                 -           -                -             0.00%
Capital Expenditure                                      13,639            26,231 -    12,592          103,163