s 5%
%
What we have earned
There are two main categories of revenue for the financial
year – recurrent revenue and capital revenue.
WHAT WE
HAVE SPENT
Capital revenue 24%
What
we have
earned
Employee costs 40%
Rates & levies 58%
Recurrent
expenses
Fees & charges 10%
Contract works 2%
Grants, subsidies & contributions 5%
Interest revenue 1%
Materials & serv ices 29% Plan
Finance costs 3%
Fina
Where theDepreciation & amortisation 28%
Was
money is
spent
Tran
Recurrent Revenue
Wate
Council’s recurrent revenue is money raised which is used
to fund the operations of Council. Recurrent revenue is the
major source of revenue for Council and primarily earned
from sources such as Rates and Fees and Charges.
Was
Road & bridge network 36%
Site improvements 13%
Capital
Community
expenditure
by asset
class
Property, plant & equipment 96%
Council also aims to maximise its revenue from other
What are
Cashgrants
assets and
& cash
equivalents
3%
sources
by actively pursuing
subsidies
from
our assets
the State and Federal Government
and
investing1%
surplus
Trade & other
receivables
funds to earn interest.
Corp
Water 6%
Services 23%
Wastewater 15%
Other assets (Heritage & Intangibles)
Planning & Land 2%
DevelopmentBuildings
4% 16%
Capital Revenue
Plant & equipment 11%
Council’s capital revenue is used to construct Council’s
assets now and in the future. Council’s capital revenue
consists of grants, contributions and subsidies, developer
contributions as well as gain on the disposal of fixed
assets. $91.8M was received in grants and contributions to
fund capital projects this year.
What we have spent
Com
$
Finance & business
strategy 6%
Waste management 7%
Borrowings 55%
Council
incurs both recurrent
and capital
Otherexpenses
1%
What do
expenses.
Capital
expenditure
is
used
to
renew and
we owe
Trade & other payables 10%
expand our asset infrastructure and is therefore added to
the carrying value of the Provisions
assets. 34%
Investment in capital assets 59%
Equity
(net wealth)
Asset revaluation surplus 41%
Transport & other
infrastructure 22%
Recurrent Expenses are the main expense of Council
and represent the day-to-day cost of providing services,
operating facilities and maintaining assets. These include
employee costs, materials and services, finance costs
and depreciation.
Sustainability
WaterAsset
services
24%Ratio
Target range = > 90%
160
Employee costs 40%
Recurrent
expenses
Where the
money is
spent
Materials &services
services23%
29%
Community
Finance &
costs
3%
Planning
development
4%
Depreciation
& amortisation
28%
Finance
& business
strategy 6%
Waste management 7%
Transport and other infrastructure 22%
Water services
24%
Expenses are monitored constantly
throughout
the year.
Detailed estimates are prepared
at
the
beginning
Wastewater services
11% of each
financial year and performance against these estimates is
Corporate
governance
& bridge
network3%
36%
measured through regularRoad
budget
reviews
to ensure
the
Site improvements
13%
most efficient use of Council’s
funds.
Water 6%
Capital
Depreciation
and Amortisation Expense makes up over
expenditure
Wastewater
15%
one
quarter of Council’s operating
expenses.
This item
by asset
represents
an
allocation
of
the
use
or
deterioration
of the
Other
assets
(Heritage
&
Intangibles)
1%
class
community assets over the expected life of the assets.
Land 2%
How Council’s performance in managing its assets is
Buildings
16% Position and
explained in the Statement of Financial
Measures of Financial Sustainability
sections
Plant & equipment
11%of this report.
Wastewater
services 11%
140
120
100
80
82.68%
76.63%
Corporate
governance 3%
55.99%
60
52.38% 49.58% 50.45%
44.67% 46.18% 43.23% 43
40
20
0
2015/16 2016/17
2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024
Net Financial Liabilities
Target range = < 60%
Net financial liabilities ratio
120
100
80.77%
80
71.17%
88.14%
82.85%
18% 80.71%
76.86% 74.12% 78.
21
70.