11 Financial Performance Report - May 2025

GENERAL COMMITTEE MEETING                                                               16 JUNE 2025


 Category            Summary                       Comments
                                                         •   ICT $98.9k above YTD budget (91.2% or
                                                             $4.8 million of $5.3 million annual budget
                                                             spent)
                                                         •   Waste Management $292.4k below YTD
                                                             budget (86.9% or $12.9 million of $14.8
                                                             million annual budget spent)
                                                         •   Properties $146.2k below budget (84.5%
                                                             or $2.4 million of $2.8 million annual
                                                             budget spent)
                                                         •   Development Assessment $115.8k below
                                                             budget (86.7% or $1.1 million of a $1.3
                                                             million annual budget spent)
                                                         •   Arts & Culture $113.1k below budget
                                                             (76.4% or $2.0 million of $2.6 million
                                                             annual budget spent)
                                                         •   Sports & Active lifestyles $61.1k below
                                                             budget (85.7% or $1.4 million of a $1.7
                                                             million annual budget spent)
                                                         •   Buildings and Facilities $60.3k below
                                                             budget (80.1% or $989.0k of a $1.2 million
                                                             annual budget spent)
 Finance Costs       Currently on track                  •   Whilst existing loan borrowings are set
                                                             with fixed interest rates, any further RBA
                                                             rate rises will impact finance costs on new
                                                             loan borrowings. YTD underspend also
                                                             relates to the timing of drawdown of
                                                             forecast borrowings for FY 2025.
 Depreciation        Currently on track            Nil
 Other Expenses      Currently on track            Nil


Figure 3: Operating Expenditure Position by Type




Tourism and Economic Development Investment Summary


Council resolved to report on a monthly basis, investment details for tourism and economic
development. Tourism and economic development activity is funded through the general rates
revenue. Expenditure as of 31 May 2025 is outlined below: