10 Financial Performance Report - Apr 2025

GENERAL COMMITTEE MEETING                                                               12 MAY 2025


Category         Summary                        Comments
                                                      in employee costs. Once the agreement is
                                                      finalised and backpay is approved, these
                                                      savings will be used to cover these costs.
                                                   • Training costs are at $357.9k YTD or 92.7%
                                                      of the annual budget spent ($386.1k)
Materials and    $48.7 million (77.5%) of the      • Civil Operations $760.7k above YTD budget
Services         $62.8 million annual budget          (90.2% or $8.6 million of $9.5 million annual
                 has been expended.                   budget spent)
                                                   • Holiday Parks $234.0k above YTD budget
                                                      (88.6% or $2.3 million of $2.6 million annual
                                                      budget spent) offset by additional revenue
                                                   • Streetlighting $161.1k above YTD budget
                                                      (94.4% or $1.0 million of $1.1 million annual
                                                      budget spent)
                                                   • Disaster Management $68.9k above YTD
                                                      budget (151.9% or $94.0k of $61.9k annual
                                                      budget spent) This includes costs relating to
                                                      local     disaster     coordination    centre
                                                      established for Tropical Cyclone Alfred.
                                                   • Information Technology & Communications
                                                      $118.9k above YTD budget (83.3% or $4.4
                                                      million of $5.3 million annual budget spent)
                                                   • Local Laws $53.9k above YTD budget
                                                      (95.0% or $516.2k of $543.3k annual
                                                      budget spent)
                                                   • Fleet $31.3k above YTD budget (85.1% or
                                                      $1.4 million of $1.6 million annual budget
                                                      spent)
                                                   • Waste Management $316.4k below YTD
                                                      budget (77.3% or $11.5 million of $14.8
                                                      million annual budget spent)
                                                   • Arts & Culture $122.2k below budget
                                                      (67.4% or $1.8 million of $2.6 million annual
                                                      budget spent)
                                                   • Properties $102.2k below budget (76.6% or
                                                      $2.2 million of $2.8 million annual budget
                                                      spent)
                                                   • Buildings and Facilities $96.8k below
                                                      budget (69.3% or $856.0k of a $1.2 million
                                                      annual budget spent)
                                                   • Development Assessment $77.1k below
                                                      budget (83.6% or $1.1 million of a $1.3
                                                      million annual budget spent)
                                                   • Sports & Active lifestyles $60.1k below
                                                      budget (75.8% or $1.3 million of a $1.6
                                                      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