FINANCIAL PERFORMANCE REPORT APRIL 2026 · Attachment 1 - Statement of Income and Expenditure 30 April 2026

Attachment 1 - Statement of Income and Expenditure 2026 30 April 2026

                                                                   Statement of Income and Expenditure
For the Year Ending 30 June 2026                          $'000             $'000          $'000              $'000                  %
As 30 April 2026                                         Actual        Current Budget    Variance        Current Budget        Annual Budget
                                                          YTD               YTD           YTD

Revenue
 Recurrent Revenue
 Rates, levies and charges                                   104,801           104,320            482            104,351              100.43%
 Fees and charges                                              9,843            10,559          (716)             12,339               79.77%
 Dividend income                                                 998               998               0             2,100               47.52%
 Interest received                                             7,385             5,322          2,063              5,710              129.33%
 Tax equivalents                                               1,303             1,316            (13)             2,000               65.15%
 Sale of Goods and Major Services                             14,280            14,235              45            17,278               82.65%
 Sale of Contract & Recoverable Works                              5                 0               5                31               16.13%
 Rental & Lease Income                                         1,916             2,015            (99)             2,348               81.60%
 Other income                                                  1,590               882            708              1,002              158.68%
 Grants, subsidies, contributions and donations                5,495             3,930          1,566              6,237               88.10%
                                                             147,616           143,575          4,041            153,396               96.23%
Expenses
  Recurrent Expenses
  Employee benefits                                           49,128            49,446          (319)             58,999               83.27%
  Materials and services                                      53,492            51,991          1,501             67,664               79.06%
  Finance costs                                                1,943             2,380          (437)              2,872               67.65%
  Depreciation and amortisation                               19,560            19,560              0             23,475               83.32%
  Other expenses                                                 331               282             49                294              112.59%
                                                             124,453           123,659            795            153,304               81.18%

Opreating Result                                              23,163            19,916          3,247                     92

Summary of Capital Expenditure and Funding

Capital Funding
 Capital cash contributions and infrastructure charges         2,317             1,293          1,024               1,293             179.20%
 Contributed assets                                                0               692          (692)               1,500               0.00%
 Capital grants and subsidies                                 21,946            15,930          6,016              45,742              47.98%
                                                              24,264            17,916          6,348              48,535

Net Result                                                    47,426            37,832          9,594              48,627

Capital Expenditure
 Contributed assets                                                0               692           (692)              1,500               0.00%
 Capital works - constructed assets                           18,035            50,749        (30,818)             66,349              27.18%
 Capital works - other capital                                 7,219             7,120         (1,822)             11,770              61.33%
 Loan redemption                                               1,906             1,227             679              1,227             155.34%
 Other capital expenses                                        4,635                 0           4,635                  0               0.00%

Total Capital Expenditure                                     31,795            59,788        (28,018)             80,846