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
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
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.