FINANCIAL PERFORMANCE REPORT - NOVEMBER 2025 · Report

GENERAL COMMITTEE MEETING                                                        15 DECEMBER 2025



Other Capital Expenses of $4.6m disclosed in the attachments, represents the in-part value of capital
projects that have now been written off through the project now underway to review Council's
excessive WIP balance. In the 2024-25 financial year, Council incurred expenditure of $10.1m
against this line item with this item to be carefully considered in the development of the 2026-27
Budget.

Cash Management and Investment Performance
Total cash on hand at the end of November 2025 was $126.1m. Included in this balance are funds
held in trust of $6.7m with $119.4m being at call. Of the total cash balance at 30 June 2025, $30.7m
was externally restricted for items such as unexpended levy funds with a further $25.3m internally
restricted for items such as disaster management.

Details on these restricted funds will be presented to Council upon the finalisation of Council's 2024-
25 financial statements.

Council's investments continue to be made in accordance with its Investment Policy adopted on 30
June 2025, with funds continuing to be redirected to Queensland Treasury Corporation (QTC) 80.3%
due to the relatively higher interest rates being offered by this institution. Under Council's Investment
Policy, there is no upper limit on the dollar or percentage value that can be invested with QTC.

Council also has significant funds of 19.7% of its total cash holdings invested with other financial
institutions in compliance with Council's Investment Policy.

Council received $1.5m in interest from its investments to 30 November 2025 with a further $0.4m
recognised as interest on overdue rates and utility charges. A summary of Council investment
performance to the end of November 2025 is outlined in the following table.




As indicated above, at 30 November 2025 Council's total cash balance was $126.1m which is
$24.8m or 24.5% higher than at 30 November 2024 with this increasing cash balance mainly due to
recent ongoing delays to Council's capital works programs.

Outstanding Rates and Utility Charges
As outlined in the following table, at 30 November 2025, Council's outstanding rates and utility
charges totalled $7.7m or 6.5% of Council's rates and utility charges base.