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




RECOMMENDATION
That Council note the report by the Financial Services Manager to the General Committee
Meeting dated 16 June 2025 outlining the May 2025 year to date financial performance against
budget, including changes to the financial performance report with the inclusion of key financial
sustainability indicators.

REPORT
Operating Revenue (YTD Benchmark 91.7%)
Council has received 97.1% ($137.1 million) of its operating revenue budget ($141.3 million).
Commentary on each revenue category is provided below.

 Category            Summary                   Comments
 Rates and Levies    $94.1 million (99.8%)        •   Waste utility charges $78.5k above YTD
                     of the annual budget of          budget (100.1% or $17.1 million of $17.0
                     $94.3 million has been           million annual budget earned)
                     earned                       •   General rate (net of discounts) $232.0k below
                                                      YTD budget (99.6% or $70.9 million of $71.2
                                                      million annual budget earned)

 Fees and Charges    $9.1 million (82.5%) of      •   Waste $57.3k above YTD budget (174.2% or
                     the annual budget of             $99.2k of $56.9k annual budget earned)
                     $10.9 million has been       •   Cemeteries $53.4k above YTD budget
                     earned                           (106.9% or $373.9k of $349.8k annual budget
                                                      earned)
                                                  •   Development Assessment $696.4k below YTD
                                                      budget (73.7% or $2.6 million of $3.6 million
                                                      annual budget earned)
                                                  •   Local Laws $231.6k below YTD budget (77.1%
                                                      or $1.7 million of $2.1 million annual budget
                                                      earned)
                                                  •   Building & Plumbing Compliance $184.1k
                                                      below YTD budget (84.5% or $2.2 million of
                                                      $2.6 million annual budget earned)

 Sale of Goods and   $15.1 million (95.2%)        •   Holiday Park revenue $365.0k above YTD
 Services            of the annual budget of          budget (98.5% or $4.2 million of $4.3 million
                     $15.9 million has been           annual budget earned), however any revenue
                     earned                           upside will be generally offset by a
                                                      corresponding       increase    in  associated
                                                      operating costs
                                                  •   Sports facilities revenue $244.8k above YTD
                                                      budget (103.9% or $3.1 million of $2.9 million
                                                      annual budget earned)
                                                  •   Arts & Culture facilities revenue $54.5k above
                                                      YTD budget (95.8% or $571.2k of $596.1k
                                                      annual budget earned)
                                                  •   Waste revenue $138.1k below YTD budget
                                                      (89.9% or $6.9 million of $7.7million annual
                                                      budget earned)