11 Financial Performance Report - May 2025

GENERAL COMMITTEE MEETING                                                              16 JUNE 2025


Figure 2: Operating Revenue Position by Type (Excluding Rates)




Operating Expenditure (YTD Benchmark 91.7%)
Actual operating expenditure is currently 86.9% ($122.7 million) of the full year budget ($141.1
million). Detailed commentary for each expenditure category is provided below.

 Category            Summary                        Comments
 Employee Costs      $47.0 million (88.5%) of the      •   Expenditure for permanent staff salaries
                     annual budget of $53.1                and wages underspent ($2.8 million) due
                     million has been expended             to position vacancies and the recoupment
                                                           of     YTD     vacancy      dividend.  This
                                                           underspend is offset by additional spend
                                                           on casual staff and external labour hire
                                                           ($1.5 million).
                                                       •   The renegotiation of the Council's certified
                                                           agreement is still ongoing; accordingly the
                                                           forecast salary increases commencing
                                                           March 2025 have not yet taken effect. This
                                                           is also contributing to the YTD underspend
                                                           in employee costs. Once the agreement is
                                                           finalised and backpay is approved, these
                                                           savings will be used to cover these costs.
                                                       •   Training costs are at $402.0k YTD or
                                                           104.1% of the annual budget spent
                                                           ($386.1k)
 Materials and       $53.3 million (84.9%) of the      •   Civil Operations $725.7k above YTD
 Services            $62.8 million annual budget           budget (97.9% or $9.3 million of $9.5
                     has been expended.                    million annual budget spent)
                                                       •   Holiday Parks $263.3k above YTD budget
                                                           (95.8% or $2.5 million of $2.6 million
                                                           annual budget spent) however this is offset
                                                           by additional revenue
                                                       •   Streetlighting $185.3k above YTD budget
                                                           (105.9% or $1.2 million of $1.1 million
                                                           annual budget spent)
                                                       •   Disaster Management $119.8k above YTD
                                                           budget (234.7% or $145.3k of $61.9k
                                                           annual budget spent) This includes costs
                                                           relating to local disaster coordination
                                                           centre established for Tropical Cyclone
                                                           Alfred.