Council's financial results for 2014/15 were consistent with the performance
achieved in the previous year and the performance budgeted for.
|2014/15 Financial Results Overview||$000|
|Net Operating Result||22,575|
|Operating Result before Capital Income||7,032|
|Total Cash and Investments||102,969|
The net result for 2014/15 as reported in the financial statements, is a surplus of $22.6m. This is a decrease of $4.1m from the result achieved in 2013/14 and $15.6m higher than that forecast in the original budget. The better than expected operating result can be primarily attributed to additional revenue from developer contributions.
Our Services - Rates at Work
Council adopted a budget for 2014/15 identifying how funds were to be allocated.
For every $100 of expenditure, Council delivered the following services during 2014/15: