2021/2022 Annual Report

Financial Sustainability
Council adopted the latest version of its LTFP (Long Term Financial Plan) in April 2022. The graph below shows the performance
of Council’s operating result since 2015/2016, the adopted budget for 2022/2023 and forecasted projections contained within the
remaining years of the adopted LTFP.
7,000
6,500
6,000
6,292
6,796
5,500
5,000
4,911 4,862
4,500
4,000
3,500
3,000
3,110
3,200
2,500
2,000
1,997
Dollars ($000’s)
1,500
1,000
500
0
(500)
45
(26)
162
487
724
1,033
1,387
1,096
1,586
(1,500)
(2,000)
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
(1,685)
2023
Budget
2024
Plan
2025
Plan
2026
Plan
2027
Plan
2028
Plan
2029
Plan
2030
Plan
2031
Plan
2032
Plan
Operating Result
Minimum
Maximum
One of Council’s key financial targets is to achieve an operating surplus ratio between 0% and 5%. The section of the graph
marked with a green line indicates 0%, while the red diamonds represent 5% (maximum target).
Council recorded a strong operating surplus in 2021/2022. The better than expected operating result was created by
Council receiving 75% of the Grants Commission grants relating to 2022/2023 in the 2021/2022 financial year. This amount
totalled $1,510,100. In 2021/2022 the General Rate increase was 1.90%.
From a budget perspective, Council is projecting an operating deficit in 2022/2023. This budget takes into account the early
receipt of Financial Assistance and Local Roads grants in 2021/2022. Outside of this adjustment, the budgeted operating
deficit is in line with Council’s LTFP projections.
Campbelltown City Council
Annual Report 2021 / 2022
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