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


 Category            Summary                       Comments
                                                         centre established for Tropical Cyclone
                                                         Alfred.
                                                       • ICT $98.9k above YTD budget (91.2% or
                                                         $4.8 million of $5.3 million annual budget
                                                         spent)
                                                       • Waste Management $292.4k below YTD
                                                         budget (86.9% or $12.9 million of $14.8
                                                         million annual budget spent)
                                                       • Properties $146.2k below budget (84.5%
                                                         or $2.4 million of $2.8 million annual
                                                         budget spent)
                                                       • Development Assessment $115.8k below
                                                         budget (86.7% or $1.1 million of a $1.3
                                                         million annual budget spent)
                                                       • Arts & Culture $113.1k below budget
                                                         (76.4% or $2.0 million of $2.6 million
                                                         annual budget spent)
                                                       • Sports & Active lifestyles $61.1k below
                                                         budget (85.7% or $1.4 million of a $1.7
                                                         million annual budget spent)
                                                       • Buildings and Facilities $60.3k below
                                                         budget (80.1% or $989.0k of a $1.2 million
                                                         annual budget spent)
 Finance Costs       Currently on track                • Whilst existing loan borrowings are set
                                                         with fixed interest rates, any further RBA
                                                         rate rises will impact finance costs on new
                                                         loan borrowings. YTD underspend also
                                                         relates to the timing of drawdown of
                                                         forecast borrowings for FY 2025.
 Depreciation        Currently on track            Nil
 Other Expenses      Currently on track            Nil


Figure 3: Operating Expenditure Position by Type




Tourism and Economic Development Investment Summary


Council resolved to report on a monthly basis, investment details for tourism and economic
development. Tourism and economic development activity is funded through the general rates
revenue. Expenditure as of 31 May 2025 is outlined below: