| Description | 2024–25 | 2023–24 |
|---|---|---|
| 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.