Our total revenue and spending

Description 2022–23 2021–22
Total revenue $259.13 million $263.49 million
Total spending $252.52 million $256.89 million
Account result based on total income of $259 million $6.61 million $6.60 million

Underlying operating result

(This is an important measure of financial sustainability because it excludes capital income from being allocated to cover operating expenses)
–$0.31 million –$14.44 million

We have adjusted the 2022–23 surplus result by $6.92 million as this relates to capital grants and open space contributions.

We have adjusted the 2021–22 deficit result by $21.04 million as this relates to capital grants and open space contributions.