The council’s expenditure totalled $49.8 million, while its total revenue – including grants – was $55.5 million.

At $25.7 million or 46 per cent, the majority of the council’s income came from rates and rubbish charges.

The second highest stream of income were grants, which totalled 17.7 million or 31 per cent. User charges and fines totalled $6.9 million or 12 per cent, while contributions attributed for 5 per cent at $2.8 million.

Physical services was the council’s main expenditure category at $17.7 million or 35 per cent. 

Recreation, leisure and culture was the second highest at 19 per cent or $9.5 million, while management and administration was the third highest at 14 per cent or $7 million.

Chief executive Sunil Bhalla said he was pleased with the council’s financial state.

“This year we’ve focused on maintaining and improving the assets that council is responsible for,” he said.

“While remaining with the state government’s 2.25 per cent rate cap we have maintained the standard of delivery of all of our extensive services.

“This has been achieved through tight budgetary control, achieving some innovative efficiencies and the use of rates growth from 2016-17.

“In the past year we have spent more than $11 million on renewal works, $1.7 million for asset upgrades and $4.8 million for new asset upgrades and $4.8 million for new assets including the 2.9 million Kalkee Road Children’s and Community Hub.”

The council spent a total of $15,313,606 on capital works throughout the municipality during the year.

It also spent $382,636 on community grants and donations.