FINANCIAL PERFORMANCE REPORT AUGUST 2026 · Report

ORDINARY MEETING                                                                             17 SEPTEMBER 2026




On a rolling 12-month basis, Council's total cash holdings have increased by $34.1 million or 24.1%
since September 2025.

Rates and Utility Charges
Rate Arrears
Outstanding rates and utility charges for August 2026 reflects the issuance of the July 2026 rates
levy, which was due on 14 August 2026.

Consequently (as outlined in the following table), total rates and utility charges arrears increased
from $7.7 million (6.0% of rates levied) in July 2026 to $15.7 million (13.2% of rates levied) in August
2026.




* Estimated 2026/27 revenue is based on July 2026 levy revenue multiplied by two, rounded to the nearest million dollars.
In the 2025/26 financial year the gross rates revenue was $118,000,0000.

By comparison, the arrears balance at August 2025 represented 12.8% of rates levied.

Noting the above, rate arrears balances follow a predictable six-monthly cycle, increasing after the
July and January levy periods, and decreasing in the months that follow.