How we spend our money

To ensure our organisation is operational, we need to generate income and develop a budget to manage expenditure

It might surprise you to learn how much it costs us to keep the organisation running, so our community can continue to enjoy our great services and facilities and we can improve the liveability for our communities. From keeping the garbage collection going, to providing clean water, we keep things running so you can enjoy the main services and facilities that make our region a great place to live. As well as the construction, upkeep and maintenance of our infrastructure such as roads, jetties, community halls and sports grounds, incoming funds also help fund the many community services we provide such as, youth and seniors programs through our IKCs and delivery of child and aged care services. Revenue: Where did the money come from? Council received $95.1 million in revenue spilt between operating revenue ($60.6 million) and capital revenue ($34.5 million). The largest contribution was from grants, subsidies, contributions and donations, which totalled $64.9 million for both operating grants ($30.4 million) and capital grants ($34.5 million). Total revenue increased by $5 million from the previous year primarily due to receipt of grant funding in advance. Expenditure: Where was the money spent? Council spent $155.3 million between operating expenses ($108.7 million), capital expenses ($9.9 million) and capital projects ($36.7 million) in 2021/22. Operating expenses component include: • materials and services

• employee costs • depreciation and amortisation • finance costs

• other expenses. • Capital expenses component include: • loss on disposal of property, plant and equipment Assets: What do we own?

As at 30 June 2022, Council’s assets were valued at $1.06 billion. This includes $993.4 million in property, plant and equipment primarily made up of: • Buildings (Communities) $326 million • Buildings (Corporate) $55.7 million • Recreational facilities $12.2 million • Transport network $179.7 million • Stormwater drainage network $8.9 million • Flood mitigation network $29.9 million • Water $129.1 million • Wastewater $153.6 million • Marine infrastructure $32.3 million • Land $2.6 million • Plant and equipment $2 million • Capital works in progress $59.9 million Liabilities: What do we owe? At 30 June 2022, Council’s liabilities totalled $36 million. This was principally made up of: • Lease liabilities

• Contract liabilities

• Amounts owed to suppliers • Employee leave entitlements • Provisions for landfill restoration