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Annual Report 2015-2016 - Financial Health Overview

The City's financial results for 2015/16 were consistent with the performance achieved in the previous year and the performance budgeted for.

DESCRIPTION 2014/15 ACTUAL $ MILLION 2015/16 ACTUAL $ MILLION VARIANCE TO 2014/15 %
Total Operating Revenue 166.6 170.9 2.6
Total Operating Expenses 159.3 163.0 2.3
Result from Operations 7.2 7.9 9.7
Total Assets 2,364.7 2,477.9 4.8
Total Liabilities 97.4 101.9 4.6
Net Assets 2,267.3 2,376.0 4.8
Total Cash & Investments 316.9 338.7 6.9

Operating Revenue: Where Our Money Came From

  • 78% Rates
  • 10% Fees & Charges
  • 6% Operating Grants, Subsidies & Contributions
  • 5% Interest Earnings
  • 1% Other Revenue

Operating Expenses: Where Our Money Went

  • 43% Employee Costs
  • 26% Material & Contracts
  • 23% Depreciation
  • 5% Utilities
  • 3% Interest Expense
  • 1% Insurance

Financial Health Overview

Budget Highlights for 2015/16

  • $46.2 million - Roads, street lighting, pathways
  • $32.2 million - Sporting facilities
  • $29.4 million - Waste & recycling
  • $20.3 million - Parks, playgrounds, conservation
  • $12.7 million - Community facilities
  • $11.7 million - Community safety & health
  • $11.2 million - Libraries, museum & heritage
  • $3.0 million - Beach management
  • $2.4 million - Emergency management

Budget Highlights 2015-16

The 2015/16 financial results for the City reflect a strong and sustainable level of investment against community-focussed services and assets. These results reflect the City's commitment to ensuring fairness and equity across all wards, while also being financially responsible in order to minimise impact on ratepayers.