Corporate Services Committee - 12 May 2026

Topics

• Council revenue policy recommended ahead of 2026/27 budget
  Committee backs the draft policy that will shape next year’s rates, charges, concessions and cost-recovery rules.
  This could influence household and business costs in the next budget cycle.
• Quarterly operational plan performance tabled
  Council’s Q3 progress report shows how the organisation is tracking against its annual plan.
  Residents can monitor whether planned services and projects are being delivered on time.
• Asset revaluation reports noted for financial planning
  Committee noted final valuation reports and a 10-year asset revaluation matrix as part of Council’s financial management.
  Revaluations can affect depreciation forecasts, balance sheets and long-term budgeting.

Decisions

• Quarter 3 Operational Plan progress noted
  Council was asked to note organisational performance in the 2025/26 Operational Plan Progress Report Year to Date (Quarter 3), covering progress to 31 March 2026.
  Shows how Council is tracking against its annual work program and service commitments.
• Revenue Policy 2026/27 recommended for adoption
  The committee recommended that Council adopt the Draft Revenue Policy 2026/27, which sets the principles for rates, charges, concessions, overdue debt recovery and cost-recovery fees ahead of the next budget.
  Affects how Council sets rates, charges and concessions for the 2026/27 financial year.
• Asset revaluation reports noted
  The committee noted the confidential final valuation reports for the 2025/26 asset revaluation and the 2026/27 Asset Revaluation Matrix 10 Year Plan.
  Supports Council’s financial reporting and future budgeting for assets such as land and buildings.

Discussion

• Operational Plan performance review
  The report summarised progress against the adopted 2025/26 Operational Plan, which is required under state legislation at regular intervals of not more than three months.
  Residents can see whether Council projects and services are on track.
• Revenue policy principles for the next budget
  The draft policy outlines how Council intends to levy rates and charges, grant concessions, recover overdue amounts and apply cost-recovery fees.
  Influences future bills, concessions and pricing for Council services.
• Asset revaluation and depreciation impacts
  The committee considered asset revaluation material, including the effect of revaluation on depreciation forecasts and accounting requirements under AASB 116.
  Can affect Council’s financial position and long-term asset management decisions.

Impacts

• Potential influence on future rates, charges and concessions in the 2026/27 budget.
• Council performance reporting provides transparency on delivery of planned services and projects.
• Asset revaluations may affect depreciation costs and future financial planning.

Places

• Toowoomba Regional Council (local government area)
  The meeting covered Council-wide operational, revenue and asset management matters.

Next

• Council to note the Q3 Operational Plan progress report
  At the next Council consideration stage
• Council to consider adopting the Revenue Policy 2026/27
  Following committee recommendation
• Further asset revaluation work and financial reporting to proceed
  As part of the 2025/26 and 2026/27 financial cycle

Extract

TOOWOOMBA REGIONAL COUNCIL CORPORATE SERVICES COMMITTEE Members of the Committee Councillor Bill Cahill Councillor Edwina Farquhar Councillor Gary Gardner Councillor Trevor Manteufel His Worship the Mayor, Councillor Geoff McDonald Councillor Tim McMahon Councillor James O'Shea Councillor Kerry Shine Councillor Carol Taylor Councillor Melissa Taylor Councillor Rebecca Vonhoff of 57 Toowoomba Regional Council Corporate Services Committee 12 May 2026 TABLE OF CONTENTS 1.Opening of Meeting 2.Attendance including Apologies, Leave of Absence and Declarations of Conflict of Interest Reports 3.2025/26 Operational Plan Progress Report Year to Date (Quarter 3) 4.Draft Revenue Policy 2026/27 5.2025/2...