09 Financial Performance Report - Mar 2025

GENERAL COMMITTEE MEETING                                                                  14 APRIL 2025


 Category           Summary                   Comments
                                                    restricted levy balances, future provision
                                                    balances and delays in the delivery of the capital
                                                    works program.
 Other Revenue      $2.9 million (90.4%) of      • Plant recharge revenue is $108.0k above budget
                    the $3.2 million                due to internal plant being utilised for the delivery
                    annual budget has               of disaster funded capital projects.
                    been earned                  • Recoupment of Utility charges on commercial
                                                    properties $22.6k above budget (143.9% or
                                                    $73.6k of $51.1k annual budget earned.

 Operating          $5.0 million (70.7%) of        •   Operating Grants and subsidies are in line with
 Grants,            the $7.1 million                   budget expectations at this stage of the year.
 Subsidies          annual budget has              •   $1.4 million of the FY 2025 financial assistance
                    been received                      grant allocation was received in July 2024. This
                                                       is a change from the previous approach of
                                                       prepaying part or all of the grant in the preceding
                                                       year. This prepayment approach had been
                                                       consistent over the past 7 years.
                                                   •   Council has received notification of the approved
                                                       FY 2024/25 financial assistance grant allocation
                                                       which is less than budgeted. As such there is
                                                       potential for this to impact the FY 24/25 operating
                                                       position if payment of future years allocations are
                                                       not paid in the preceding year.

 Unitywater         On track                       •   Unitywater distributions are fixed each year so
 Distributions                                         there is limited budget variance risk

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




Operating Expenditure (YTD Benchmark 75.0%)
Actual operating expenditure is currently 72.3% ($102.1 million) of the full year budget ($141.1
million). Detailed commentary for each expenditure category is provided below.