Friday 27 September is the Grand Final Friday public holiday, so some of our services and centres may be closed or have different hours. Please see more details of all affected services.

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 2017-18. 

Operating position

Council achieved a surplus of $39.39 million in 2017-18. This surplus compares favourably

to the original budget surplus of $26.90 million. The favourable variance is primarily due to higher than budgeted monetary contributions of $1.67 million (mainly open space), statutory fees and fines of $1.92 million and early receipt of the 2018-19 Victoria Grants Commission grant allocation of $2.26 million. In addition, there were savings in other expenditure of $1.04 million, employee costs of $2.50 million and materials and services of $2.82 million, offset by a loss on disposal of property, infrastructure, plant and equipment of $2.19 million.

The adjusted underlying surplus of Council – after removing non-recurrent capital grant income, monetary contributions and non-monetary asset contributions – is $28.85 million. Sustaining a surplus underlying result is a necessary financial strategy in order to fund the renewal, upgrade and new asset programs for the $3.81 billion net community assets under our control, as well as providing capacity to meet our loan repayments.
 

Financial expenditure

During 2017-18, Council delivered the following services for every $100 that they spent:

Where your rates go 2017-18 actual
Capital Works and Priority Projects $32.15 
Environment and Waste Management $13.04 
Parks, Gardens and Sportsgrounds $9.96
Health, Aged Community and Family Services $11.86
Roads, Footpaths, Safety and Drainage $5.14
Planning and Building $5.82
Library, Arts and Cultural Services $7.27
Local Laws Enforcement $5.58
Leisure and Recreation and Civic Centres $2.09
Engineering and Traffic $2.37
Communications and Customer Service $2.17
Rates and Property Services $2.02
Economic Development $0.53

Note: Includes an allocation of corporate services, governance, risk management, building maintenance and public lighting across these service areas. Excludes operating expenditure for five externally managed recreation centres.

Opening community centres

Investing in our libraries

 

Improving parks and playgrounds