10 Financial Performance Report - Apr 2025

GENERAL COMMITTEE MEETING                                                                   12 MAY 2025


REPORT
Operating Revenue (YTD Benchmark 83.3%)
Council has received 95.1% ($134.3 million) of its operating revenue budget ($141.3 million).
Commentary on each revenue category is provided below.

 Category          Summary                   Comments
 Rates and         $94.1 million (99.7%)        •   Waste utility charges $86.9k above YTD budget
 Levies            of the annual budget of          (100.1% or $17.1 million of $17.0 million annual
                   $94.3 million has been           budget earned)
                   earned
                                                •   General rate (net of discounts) $248.6k below
                                                    YTD budget (99.6% or $70.9 million of $71.2
                                                    million annual budget earned)


 Fees and          $8.5 million (77.2%) of      •   Waste $57.4k above budget (174.4% or $99.3k
 Charges           the annual budget of             of $56.9k annual budget earned)
                   $10.9 million has been
                   earned                       •   Cemeteries $35.2k above budget (93.4% or
                                                    $326.7k of $349.8k annual budget earned)
                                                •   Development Assessment $586.7k below
                                                    budget (69.9% or $2.5 million of $3.6 million
                                                    annual budget earned)
                                                •   Local Laws $172.6k below budget (72.8% or
                                                    $1.6 million of $2.1 million annual budget earned)
                                                •   Building & Plumbing Compliance $69.7k below
                                                    budget (79.6% or $2.1 million of $2.6 million
                                                    annual budget earned)


 Sale of Goods     $13.9 million (87.0%)        •   Holiday Park revenue $258.4k above budget
 and Services      of the annual budget of          (90.0% or $3.9 million of $4.3 million annual
                   $15.9 million has been           budget earned). Any revenue upside will be
                   earned                           generally offset by a corresponding increase in
                                                    associated operating costs
                                                •   Sports facility revenue $202.0k above budget
                                                    (94.7% or $2.8 million of $2.9 million annual
                                                    budget earned)


 Interest          $5.6 million (151.3%)        •   Interest revenues have continued to track above
 Received          of the $3.7 million              budget with investment in higher yielding term
                   annual budget has                deposits maximising the return on surplus cash
                   been earned                      holdings. Cash holdings remain high due to the
                                                    advanced payment of grants & subsidies,
                                                    restricted levy balances, future provision
                                                    balances and delays in the delivery of the capital
                                                    works program.

 Other Revenue     $3.1 million (95.6%) of      •   Plant recharge revenue is $114.5k 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 $22.1k above budget (142.9% or
                                                    $73.1k of $51.1k annual budget earned.