Financial Performance Report – November 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                     11 DECEMBER 2023



Capital Revenue
Full Year Capital revenue of $10.0 million received comprises cash contributions from
developers ($1.2m) and capital grants ($6.3 million). Note that the timing of capital grant receipts
are generally dependent on the timing of grant conditions and also capital delivery performance,
and that the timing of the receipt of developer contributions (both cash and contributed) is
unpredictable.

Council has funding approval from the Queensland Reconstruction Authority for reconstruction
works relating to the Black Mountain landslip and several other flood impacted sites, which
occurred during the February 2022 rain event. Council has received upfront payments of $24.4
million to fund these works.

Figure 4: Capital Revenue by Type




Capital Program
Actual capital expenditure (excluding commitments) is $24.5 million (YTD budget $20.1 million).
Detailed discussion of progress in the delivery of the capital works program is provided through
a separate quarterly report by the Infrastructure Services Department.

Figure 5: Capital Program Delivery Performance