It is resolved that:
(A) Council
note the financial performance of Council for the first quarter, ending 30
September 2025, including a Quarter 1 Operating Result (before depreciation,
interest, capital related costs and income) of $28.8M and the full year
forecast of $115.7M and a Net Operating Result of $21.9M and a full year forecast
of $115.6M as outlined in the subject report and summarised in Attachment A to
the subject report;
(B) Council
note the Quarter 1 Capital Works expenditure of $58.9M and a revised full year
forecast of $297.3M, and approve the proposed adjustments to the adopted
budget, including bringing forward $0.9M of funds into the 2025/26 capital
budget, and to reallocate funds within relevant programs within capital budget
as detailed in Attachment B to the subject report;
(C) Council
note the Technology and Digital Services Capital Works expenditure of $5.9M,
and a full year forecast of $29.8M and approve bringing forward $1.8M of funds
into the 2026/27 and to reallocate funds within relevant programs within
capital budget as detailed in Attachment B to the subject report;
(D) Council
note the Quarter 1 Plant and Equipment expenditure of $1.8M, net of disposals,
and a full year forecast of $32.3M;
(E) Council
note the net Property Divestments forecast of $122.3M as at Quarter 1, which is
in line with budget;
(F) Council
note the supplementary reports, which detail the quick response, street banner
and venue hire support grants and sponsorship programs, code of conduct, major
legal issues and international travel in Quarter 1, as detailed in Attachment C
to the subject report;
(G) Council approve the write-off of a
commercial property debt of $183,509.39 (including GST), for GPSS Family Pty
Ltd (formerly trading as Bullpen Café), as the company has been deregistered;
and
(H) Council
note the information in Attachment D to the subject report, which outlines the
Notices of Motion, Lord Mayoral Minutes and Councillor Amendments Cost summary.
Carried unanimously.
X115821