| Description | 2023–24 | 2022–23 |
|---|---|---|
| Total revenue | $275.50 million | $270.81 million |
| Total spending | $261.14 million | $257.86 million |
| Account result | $14.37 million | $12.96 million |
|
Underlying operating result (This is an important measure of financial sustainability because it excludes capital income from being allocated to cover operating expenses) |
$6.72 million | –$6.63 million |
We have adjusted the 2023–24 surplus result by $7.64 million as this relates to capital grants and open space contributions.
We have adjusted the 2022–23 deficit result by $19.59 million as this relates to capital grants and open space contributions.