06 Financial Performance Report - Dec 2024

GENERAL COMMITTEE MEETING                                                       20 JANUARY 2025


                                          Waste Operations                   Holiday Parks
                                      Budget  Actual Variance          Budget   Actual Variance
                                        YTD      YTD       YTD           YTD      YTD       YTD
                                         $m       $m        $m            $m       $m        $m
 Revenue                                12.7     13.1       0.4           2.2      2.5       0.3
 Expenditure                            11.2     10.9       0.3           1.7      1.9     (0.2)
 Net Operating Position                  1.5      2.2       0.7           0.4      0.5       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 at
December 2024. 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%           8.8%        On Track
 Net Financial Liabilities Ratio              <60%        -3.2%          -31.5%       On Track
 Cash Cover Ratio                           3 months   9.4 months      9.9 months     On Track
 Asset Sustainability Ratio                   > 90%      136.7%           38.7%     Behind Budget



RECOMMENDATION
That Council note the report by the Financial Services Manager to the General Committee
Meeting dated 20 January 2025 outlining the December 2024 year to date financial performance
against budget, including changes to the financial performance report with the inclusion of key
financial sustainability indicators.