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Total revenue and spending

Description2024–252023–24
Total revenue$282.22 million$285.21 million
Total spending$267.69 million$262.78 million
Account result – surplus/(deficit)$14.53 million$22.43 million

Underlying operating result – surplus/(deficit)

(This is an important measure of financial sustainability because it excludes capital income from being allocated to cover operating expenses)

$8.36 million$7.24 million

We have adjusted the 2024–25 surplus result by $6.17 million as this relates to capital grants and open space contributions.

We have adjusted the 2023–24 surplus result by $15.19 million as this relates to capital grants and open space contributions.