Decision details

1.       Recommendation 1 – Item 6.2 - 2025/26 Business Plan & Budget Q3 update

THAT COUNCIL

1.       Receives the City of Adelaide 2025/26 Business Plan and Budget Quarter 3 Review as contained in Attachment A to Item 6.2 on the Agenda for the meeting of the Audit and Risk Committee held on 22 May 2026.

2.       Approves adjustments for the 2025/26 Business Plan and Budget (BP&B) as identified in this report and contained in Attachment A to Item 6.2 on the Agenda for the meeting of the Audit and Risk Committee held on 22 May 2026.

3.       Notes the year-to-date Operating (Financial Performance) for the quarter ending 31 March 2026, which includes:

3.1.    An operating surplus of $20.684m ($11.299m higher than the budget of $9.385m, for the period)

3.2.    Total operating revenue of $191.308m ($2.865m higher than the budget of $188.443m, for the period)

3.3.    Total operating expenses (including depreciation) of $170.624m ($8.434m lower than the budget of $179.058m, for the period)

3.4.    Total Capital Expenditure of $54.389m ($3.196m higher than the budget of $51.193m, for the period)

3.5.    Net cash surplus position of $10.091m.

4.       Approves budgeted year end Operating Position, which includes:

4.1.    An operating surplus of $8.541m (consistent with the adopted budget of $8.541m)

4.2.    Total operating revenue of $255.864m ($2.582m higher than the Q2 budget of $253.282m)

4.3.    Total operating expenses (including depreciation) of $247.323m ($2.582m higher than the Q2 budget of $244.741m).

5.       Approves total capital expenditure of $112.274m for 2025/26 year ($8.389m lower than the Q2 budget of $120.663m).

6.       Approves total borrowings of $45.828m projected to 30 June 2026 ($4.849m lower than the Q2 projected borrowings of $50.677m to 30 June 2026). 

7.       Receives the Council Subsidiary Quarter 3 Reviews as contained as Attachments B, C, D and E to Item 6.2 on the Agenda for the meeting of the Audit and Risk Committee held on 22 May 2026.