FINANCIAL PERFORMANCE REPORT – MAY 2025 (Deferred from General Committee Meeting dated 16 June 2025 Item 8.13) · FINANCIAL PERFORMANCE REPORT

ORDINARY MEETING                                                                            19 JUNE 2025


* Includes Waste and Holiday Park operations as shown in the table below




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 is 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                              25.0     25.1         0.2               3.9          4.3          0.4
 Expenditure                          20.8     20.5         0.4               3.2          3.5         -0.3
 Net Operating Position                4.1      4.6         0.5               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 performance against key measures of financial sustainability has been calculated as of
May 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%        10.5%          On Track
 Net Financial Liabilities Ratio               <60%              -7.0%       -37.7%          On Track
 Cash Cover Ratio                            3 months         9.5 months   11.5 months       On Track
 Asset Sustainability Ratio                    > 90%            116.6%        70.2%        Behind Budget