8.4 November 2025 Financial Performance Report
File No: Council Meetings
Author: Coordinator Financial Services
Finance and Commercial Partnerships
Attachments: Att 1 - November
2025 Financial Performance Report........... 9
⇩
Att 2 - November
2025 Capital Grant Funded Project Report 21 ⇩
purpose
To meet Council’s legislative obligations, a monthly report must be presented to Council on its financial performance and investments.
Executive Summary
This monthly financial performance report provides Council with a summary of performance against budget as at 30 November 2025, in terms of the operating result and delivery of the capital program.
Operating Performance
Table 1: Operating Budget as at 30 November 2025
|
|
Original |
Current Budget $000 |
|
Total Operating Revenue |
711,026 |
714,209 |
|
Total Operating Expenses |
710,315 |
713,498 |
|
Operating Result |
711 |
711 |
|
|
Year to Date Budget |
Year to Date |
|
Total Operating Revenue |
321,690 |
322,423 |
|
Total Operating Expenses |
289,380 |
286,104 |
|
Operating Result |
32,310 |
36,319 |
|
|
|
|
|
Total Cash Balance (including Trust) |
230,573 |
241,845 |
Details of the monthly financial report are contained in Attachment
1.
That Council receive and note the report titled “November 2025 Financial Performance Report”.
Finance and Resourcing
This report sets out the details of Council’s financial performance and investments for the month ending 30 November 2025 and meets Council’s legislative reporting requirements.
Corporate Plan
Corporate Plan Goal: Organisational excellence
Strategic Pathway: We serve our community by providing this great service
Operational Activity: S31 - Financial Management - Strategic management of Council's finances, assets, procurement and contracts that support effective supplier relationship, resource allocation and financial sustainability.
Consultation
Councillor Consultation
Consultation has been undertaken with the Organisational
Excellence Portfolio Councillors,
E Hungerford and J Broderick.
Internal Consultation
This report has been written in conjunction with advice from:
· Chief Finance Officer
· Executive Leadership Team
External Consultation
No external consultation is required for this report.
Community Engagement
No community engagement is required for this report.
Legal
This report ensures that Council complies with its legislative obligations with respect to financial reporting in accordance with Section 204 of the Local Government Regulation 2012.
Investment of funds is in accordance with the provisions of the Statutory Bodies Financial Arrangements Act 1982 and the associated Regulations and the Local Government Act 2009.
Policy
Sunshine Coast Council’s 2025-26 Investment Policy, and
Sunshine Coast Council’s 2025-26 Debt Policy.
Risk
The 2025-26 budget has been developed to ensure long term financial sustainability for the Sunshine Coast region. A key element to long term financial sustainability is achieving the targeted operating result.
The following key elements of the 2025-26 budget are based on management estimates and assumptions:
· Rates and charges revenue includes population and property growth forecasts
· Interest revenue and Finance costs includes interest rate forecasts
· Depreciation includes asset valuation, useful life and asset condition estimates and,
· Recurrent capital expenditure includes capitalisation estimates.
Management has used its best endeavours and judgment to determine suitable estimates and assumptions based on the available data, with reference to independent sources and relevant historic information where possible. There is a risk that the actual results may vary from the estimates. Material variances will be monitored and reported to Council through the Monthly Financial Performance Report and periodic budget reviews.
Council’s operating result includes savings initiatives of $13.0 million, with $7.5 million attributed to the Employee Vacancy Rate. The Executive Leadership Team are reviewing strategies to achieve budgeted savings for 2025-26.
Continued monitoring of the delivery of the capital works program within budgeted scope and cost.
Previous Council Resolution
Ordinary Meeting 18 September 2025 (OM25/82)
That Council:
(a) receive and note the report titled “Budget Review 1” and
(b) adopt Appendix A as tabled, pursuant to sections 169 and 170 of the Local Government Regulation 2012, Council’s amended budget for 2025-26 financial year incorporating:
(i) the statement of income and expense
(ii) the statement of financial position
(iii) the statement of changes in equity
(iv) the statement of cash flow
(v) the relevant measurers of financial sustainability
(vi) the long term financial forecast
(vii) Council’s 2025-26 Capital Works Program, endorse the indicative four-year program for the period 2027 to 2030, and note the five-year program for the period 2031 to 2035.
(viii) Debt Policy
(c) note the following documentation applies as adopted 7 July 2025
(i) Revenue Policy
(ii) the total value of change, expressed as a percentage, in the rates and utility charges levied for the financial year compared with the rates and utility charges levied in the previous budget
(iii) the Revenue Statement
(iv) the rates and charges to be levied for the 2025-26 financial year and other matters as adopted 7 July 2025
(v) the Strategic Environment Levy Policy
(vi) the Strategic Arts and Heritage Levy Policy
(vii) the Strategic Transport Levy Policy
(viii) Prescribed Services Charge Plan (No. 2) 2025-26 Financial Year and
(d) endorse the Minor Capital Works Program (Appendix B).
Special Meeting 7 July 2025 (SM25/4) in part
1. STATEMENT OF ESTIMATED FINANCIAL POSITION
That Council receive and note the statement of estimated financial operations and financial position of the Council in respect to the 2024-25 financial year as set out in Attachment 1 pursuant to section 205 of the Local Government Regulation 2012.
10. ADOPTION OF BUDGET
That Council adopt Appendix A as tabled, pursuant to sections 169 and 170 of the Local Government Regulation 2012, as Council’s budget for 2025-26 financial year incorporating:
i. the statement of income and expenditure
ii. the statement of financial position
iii. the statement of changes in equity
iv. the statement of cash flow
v. the relevant measures of financial sustainability
vi. the significant business activity statement
vii. the long-term financial forecast, as detailed in items 10(i) to 10(iv) above
viii. the Revenue Policy (adopted by Council resolution on 21 May 2025)
ix. the total value of the change, expressed as a percentage, in the rates and utility charges levied for the financial year compared with the rates and utility charges levied in the previous budget
x. the Revenue Statement for the period 1 July 2025 to 30 June 2026
xi. Council’s 2025-26 Capital Works Program, endorsing the indicative four-year program for the period 2027 to 2030, and noting the five-year program for the period 2031 to 2035
xii. the rates and charges to be levied for the 2025-26 financial year and other matters as detailed above in clauses 2 to 9; and
xiii. the 2025-26 Minor Capital Works Program.
Related Documentation
2025-26 Adopted Budget
Critical Dates
There are no critical dates for this report.
Implementation
There are no implementation details to include in this report.
