2025/26 financial snapshot
For the year ended 30 June 2026, Council recorded:
| Measure | 2025/26 | 2024/25 |
|---|---|---|
| Total income | $158.0m | $154.6m |
| Expenses excluding depreciation, amortisation and impairment | $118.0m | $109.0m |
| Net operating result | $10.9 surplus | 15.2m surplus |
| Net operating result before capital grants and contributions | $1.9m deficit | 1.3m surplus |
| Total assets | $1.958b | $1.910b |
| Total liabilities | $112.9m | $98.6m |
| Total equity | $1.845b | $1.812b |
The Auditor-General issued an unmodified audit opinion on Council's General Purpose Financial Statements and identified no material non-compliance with relevant financial reporting requirements or material deficiencies in Council's accounting records or financial statements.
Council's financial position
Council held $164.6 million in cash, cash equivalents and investments at 30 June 2026. Of this, $109.7 million was externally restricted for specific purposes.
The Auditor-General reported that Council's unrestricted current ratio improved from 1.26 in 2024/25 to 1.64 in 2025/26, while noting that the 2024/25 metropolitan council average was 3.7. As at 30 June 2026, the council had sufficient cash to cover 5.7 months of general fund expenses.
Council's infrastructure
Council renewed 29.8 million of infrastructure, property, plant and equipment during 2025/26 and spent a further $4.6 million on new assets.
Council's infrastructure backlog ratio was 14.15%, compared with the benchmark of less than 2%. The statements estimate that approximately $161 million is required to bring Council's infrastructure assets to a satisfactory standard.
