Meeting papers

Attachment 1 - Statement of Income and Expenditure 31 December 2025

                                                              Statement of Income and Expenditure
For the Year Ending 30 June 2026                          $'000            $'000      $'000               $'000              %
At 31 December 2025                                      Actual   Current Budget   Variance   Current Budget FY   Annual Budget
                                                           YTD              YTD         YTD                  26


Revenue
 Recurrent Revenue
 Rates, levies and charges                               52,302          52,037        264             104,276          50.16%
 Fees and charges                                         6,466           6,299        168              12,339          52.40%
 Dividend income                                              0               0           0              2,100           0.00%
 Interest received                                        3,682           2,604      1,077               5,000          73.64%
 Tax equivalents                                            758             744          14              2,000          37.90%
 Sale of Goods and Major Services                         8,731           8,684          47             17,278          50.53%
 Sale of Contract & Recoverable Works                         0               0           0                 31           0.00%
 Rental & Lease Income                                    1,171           1,216        (45)              2,348          49.87%
 Other income                                               844             620        223               1,002          84.23%
 Grants, subsidies, contributions and donations           2,936           2,730        206               6,041          48.60%
                                                         76,888          74,935      1,953             152,414          50.45%
Expenses
  Recurrent Expenses
  Employee benefits                                      28,599          29,022       (424)             59,011          48.46%
  Materials and services                                 31,568          30,907         661             66,531          47.45%
  Finance costs                                           1,097           1,420       (323)              2,872          38.20%
  Depreciation and amortisation                          11,739          11,736           3             23,473          50.01%
  Other expenses                                            259             236          22                294          88.10%
                                                         73,261          73,322        (62)            152,182          48.14%

Opreating Result                                          3,628           1,613      2,015                 232

Summary of Capital Expenditure and Funding

Capital Funding
 Capital cash contributions and infrastructure charges    1,925           1,293        632               1,293         148.88%
 Contributed assets                                           0               0          0               1,500           0.00%
 Capital grants and subsidies                            12,887           3,280      9,607              48,334          26.66%
 Other capital revenue                                        0               0          0                   0           0.00%
                                                         14,812           4,573     10,239              51,128          28.97%

Net Result                                               18,440           6,186     12,254              51,360

Capital Expenditure
 Contributed assets                                           0               0           0              1,500           0.00%
 Capital works - constructed assets                      10,475          34,954    (24,479)             82,400          12.71%
 Capital works - other capital                            3,387           7,726     (4,339)             10,674          31.73%
 Loan redemption                                            614             614           0              1,227          50.04%
 Other capital expenses                                   4,649               0       4,649                  0           0.00%
Total Capital Expenditure                                19,125          43,294    (24,169)             95,801          19.96%




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