Council's financial position continues to remain sound. A summary of our performance is outlined below while detailed information is included within the Financial Statements and Performance Statement sections of the Annual Report 2016-17.

Operating position

Council achieved a surplus of $31.62 million in 2016-17. This surplus compares favourably to the original budget surplus of $26.61 million.

The favourable variance is primarily due to higher than budgeted monetary contributions of $3.96 million (mainly open space), statutory fees and fines of $2.31 million and early receipt of the 2017-18 Victoria Grants Commission grant allocation of $2.26 million.

In addition, there were savings in other expenditure of $0.56 million and bad and doubtful debts of $0.18 million, offset by a loss on disposal of property, infrastructure, plant and equipment of $0.66 million.   

The adjusted underlying surplus of Council – after removing non-recurrent capital grant income, monetary contributions and non-monetary asset contributions – is $24.95 million.

Sustaining a surplus underlying result is a necessary financial strategy in order to fund the renewal and new asset programs for the $3.56 billion net community assets under our control.

Financial Expenditure

During 2016-17, Council delivered the following services for every $100 that they spent:

Where your rates go

Budget

Capital Works and Priority Projects

$29.09

Environment and Waste Management

$13.01

Parks, Gardens and Sportsgrounds

$9.99

Health, Aged Community and Family Services

$12.92

Roads, Footpaths, Safety and Drainage

$5.81

Planning and Building

$6.15

Library Services

$7.19

Local Laws Enforcement

$5.87

Culture, Leisure and Recreation and Civic Centres

$2.42

Engineering and Traffic

$2.41

Communications and Customer Service

$2.39

Rates and Property Services

$2.17

Economic Development

$0.58

Total

$100.00

Note: Includes an allocation of corporate services, governance, risk management, building maintenance and public lighting across these service areas.

Shared bike paths and footpaths

Shared bike paths and footpaths

Storytime in our libraries

Storytime in our libraries

Looking after roads and footpaths

Looking after roads and footpaths