FINANCIAL PERFORMANCE REPORT AUGUST 2026 · Attachment 1 - Statement of Income and Expenditure 31 August 2026

Attachment 1 - Statement of Income and Expenditure 31August 2026

                                                                  Statement of Income and Expenditure

                                                          $'000              $'000       $'000
For the Year Ending 30 June 2027                                                                          $'000              %
                                                         Actual     Current Budget    Variance
As 31 August 2026                                                                                Current Budget   Annual Budget
                                                           YTD                YTD          YTD


Profit and Loss Statement

Revenue
 Recurrent Revenue
 Rates, levies and charges                               57,594            57,135         459          113,970          50.53%
 Fees and charges                                         3,186             3,201 -        15           13,683          23.28%
 Dividend income                                              -                 -           -            2,000           0.00%
 Interest received                                        1,470               889         582            6,253          23.51%
 Tax equivalents                                            186               186           -            1,600          11.63%
 Sale of Goods and Major Services                         2,714             2,814 -        99           17,819          15.23%
 Sale of Contract & Recoverable Works                         -                 -           -               32           0.00%
 Rental & Lease Income                                      444               454 -         9            2,483          17.88%
 Other income                                               224               178          46            1,017          22.03%
 Grants, subsidies, contributions and donations             841               802          39            5,382          15.63%
                                                         66,660            65,659       1,001          164,240          40.59%
Expenses
  Recurrent Expenses
  Employee benefits                                      11,838            11,922 -       84            63,916          18.52%
  Materials and services                                 10,697            10,800 -      103            72,250          14.81%
  Finance costs                                             234               382 -      148             2,372           9.87%
  Depreciation and amortisation                           4,238             4,238          -            25,425          16.67%
  Other expenses                                            119               119          -               235          50.64%
                                                         27,126            27,461 -      335           164,198          16.52%

Opreating Result                                         39,534            38,198       1,336               42

Summary of Capital Expenditure and Funding

Capital Funding
 Capital cash contributions and infrastructure charges      101               101          -             1,597           6.32%
 Contributed assets                                           -                 -          -             1,597           0.00%
 Capital grants and subsidies                             6,083             5,844        239            47,839          12.72%
 Other capital revenue                                        -                 -          -                 -           0.00%
                                                          6,184             5,945        239            51,033          12.12%

Net Result                                               45,718            44,143       1,575           51,075

Capital Expenditure
 Contributed assets                                           -                 -           -            1,597           0.00%
 Capital works - other capital                            5,828             4,310       1,519           51,909          11.23%
 Capital works - QRA                                         38                 -          38           29,200           0.13%
 Capital works - waste                                      901             1,670 -       769           18,550           4.86%
 Loan redemption                                            953               953           -            1,907          50.00%
 Other capital expenses                                       -                 -           -                -           0.00%
Capital Expenditure                                       7,721             6,933         788          103,163