Financial Performance Report – August 2025

Afternoon, Councillors and through you, Mr Chair. This report presents a summary of council's financial performance to the end of August under section 204 of the government regulation 2012, as would be expected at this financial year, there are no issues of financial concern from our perspective with how the organisation's tracking financially. Council's overall financial performance was a net surplus of 38.5 against a projected net surplus of 35.6. And our operating result was 34.8, again favourable against our projected surplus of 33.8 million dollars. There are a number of attachments to the report, including statement of income and expenditure statement of financial position, a little bit of change a in the way we're presenting our financial reports with a traffic light focus on the units across the board, both in terms of operating and capital. And then a capital financial performance graph with, I do note that details on our financial performance of our capital program was given under separate cover through the infrastructure services group. It's worth noting that our waste operations contribute about 4.4 million of that operating surplus to our general operating results and details of the major variances in terms of both revenue and expense. And expenditure given in the attachments to the report. The trend that we reported last month in terms of rates, levies and charges continue with higher than anticipated waste charges of 106,000 and offset by lower than anticipated discounts and rebates. Again there's no other points of concern but it's worth noting that there are a number of other new grants that are being, that the organisation has that's managed to procure and they will be subject to further amendment in the next budget review. They include the Resilient Rivers, illegal dumping and food organics programs. In terms of operating there's a lot of work to be favourable were under budget. Employee costs, materials and services and finance costs. Employee costs are under budget. And that's mainly due to, well, there's across the board savings in nearly all the branches we've got in Council. And thank you to our Acting CEO for highlighting an accruals at the crew. End of the month. And so we had to rerun some journals. But again, all favourable variances. And you would expect that there is a slight negative in that space with lower than anticipated capitalisation rates. And that's mainly due to the slow-out of the capital works program. And that will be adjusted as the profiling for that program comes to fruition. So that's about it for operating in terms of capital, year-to-date revenues of 3.7 and that's mainly made up of 4 in developer contributions and capital grants of 3.2. I guess it's worth noting that the timings of those revenue streams is closely aligned to the delivery of the program and developer contributions are really hard to forecast. In relation to our capital program at the end of August we completed or managed to complete 4.9 million or 5.1% 95.8 million dollar capital------------- in the previous financial year and that was a hundred and twenty three million dollars. So I'm happy to take any questions.