11 Financial Performance Report - May 2025

GENERAL COMMITTEE MEETING                                                            16 JUNE 2025



Council elects to apply National Competition Policy (NCP) reforms to its Waste Management and
Holiday Parks which provides greater transparency and assists with removing anti-competitive
conduct and ensures the best allocation of Councils limited resources. A summary of the YTD
operational performance of these business activities is outlined below.

                                       Waste Operations                      Holiday Parks
                                   Budget   Actual   Variance       Budget       Actual    Variance
                                     YTD      YTD         YTD         YTD          YTD          YTD
                                      $m       $m          $m          $m           $m           $m
 Revenue                             25.0     25.1         0.2         3.9          4.3          0.4
 Expenditure                         20.8     20.5         0.4         3.2          3.5         -0.3
 Net Operating Position               4.1      4.6         0.5         0.7          0.8          0.1


Financial statements including Statement of Income & Expenditure, Statement of Financial Position
(balance sheet), and Statement of Cash Flows are included as attachments for information for
Council.

Figure 1: Actual Performance Compared to Budget




Council’s performance against key measures of financial sustainability has been calculated as of
May 2025. These statutory indicators enable the reader to assess Council’s success in managing its
budget, cash and debt as well as undertaking sustainable asset management. The table below
contains a snapshot of a number of key measures, with full detail included in the report.


 YTD Measures of Financial Sustainability
                                                        Current
                                           Target                   Actual YTD          Status
                                                        Budget
 Operating Surplus Ratio                    0-10%          0.1%        10.5%          On Track
 Net Financial Liabilities Ratio            <60%          -7.0%       -37.7%          On Track
 Cash Cover Ratio                         3 months     9.5 months   11.5 months       On Track
 Asset Sustainability Ratio                 > 90%        116.6%        70.2%        Behind Budget