Rates & spending · Nillumbik Shire Council
Nillumbik reports $38.6m cash and $15.65m in borrowings at September quarter
Council’s financial report shows a $1.01 million favourable year-to-date operating variance and rates collection of 21.24 per cent. The first rates instalment was due on 30 September.
Reporting from public council minutes. How this article was prepared
Nillumbik Shire Council reported $38.6 million in cash and $19.5 million in term deposits at 30 September 2026, with total borrowings of $15.65 million, according to the September quarter financial report summarised in its unconfirmed meeting minutes.
The minutes record that the report was received and noted unanimously at the council meeting on 27 October. It put total net assets at $1.155 billion and reported a $1.01 million favourable year-to-date net operating variance, described as 0.12 per cent of the year-to-date budget.
Rates revenue was described as largely in line with expectations. The first instalment was due on 30 September, and 21.24 per cent had been collected year to date.
Council reported $3.28 million in year-to-date expenditure on capital works projects. It also reported $770,000 in loan repayments by the end of the quarter.
The report describes the financial position as sound and stable, but that is council’s assessment in the report rather than an independent financial judgement. The supplied minutes do not provide a project-by-project breakdown of the capital works spending or the underlying year-to-date budget amount needed to verify the reported operating variance percentage.
Council’s recorded action was to receive and note the report. It did not approve a new spending programme or allocate funding through this item.
What deserves a closer look
The source records council's description of its financial position as sound and stable; the article does not present that description as an independent assessment.
The recorded resolution concerned receiving and noting the report, not approving a new spending allocation.
The report states the operating variance percentage, but the supplied summary does not include the underlying year-to-date budget amount needed to verify its calculation.
Questions for follow-up reporting
What projects account for the $3.28 million in year-to-date capital works expenditure, and how does that compare with the full-year capital works budget?
What was the year-to-date budget amount used to calculate the $1.01 million favourable operating variance?
What proportion of rates expected for the year had been collected by the next quarterly reporting date?
Check the record
These passages were matched to the source text. Read them in context in the original minutes.
The September Quarter Financial Report covers council's financial performance and position for the period ended 30 September 2026.
Officers' reports CM.106/26 Nillumbik Shire Council Annual Report 2025-2026 26 THIS PAGE WAS LEFT INTENTIONALLY BLANK Council Meeting Minutes 27 October 2026 27 12. Officers' reports CM.107/26 September Quarter Financial Report Distribution: Public Manager: Bulent Oz, Chief Financial Officer Author: Kyle Pervera, Manager Finance Summary This report outlines Council's financial performance and position for the period ended 30 September 2026.
CM.107/26 September Quarter Financial Report, summary
Open original minutes ↗Council's quarter-end cash position was reported at $38.6 million, with $19.5 million in term deposits and $1.155 billion in total net assets.
Council's financial position remains sound and stable at quarter-end, with a cash position of $38.6 million and funds held in term deposits of $19.5 million. Total net assets stand at $1.155 billion.
CM.107/26 September Quarter Financial Report, financial position
Open original minutes ↗The report states a $1.01 million favourable year-to-date net operating variance, described as 0.12 per cent of the year-to-date budget. It also reports rates collection of 21.24 per cent and capital works expenditure of $3.28 million, with the first rates instalment due on 30 September 2026.
The Financial Performance Statement shows an overall favourable year‑to‑date (YTD) Net Operating variance of $1.01 million, representing 0.12% of the YTD budget. Rates revenue is tracking largely in line with expectations. The first instalment was due on 30 September 2026, with 21.24% collected year‑to‑date. YTD expenditure on capital works projects totalled $3.28 million, with works progressing across a range of projects.
CM.107/26 September Quarter Financial Report, operating variance, rates and capital works
Open original minutes ↗Year-to-date loan repayments were reported at $0.77 million, equivalent to $770,000, and total borrowings at $15.65 million.
YTD loan repayments of $0.77 million have been made, with total borrowings currently at $15.65 million. Council Resolution MOVED: Cr Grant Brooker SECONDED: Cr Kate McKay That Council receives and notes the Financial Report for the period ended 30 September 2026 (Attachment 1).
CM.107/26 September Quarter Financial Report, borrowings
Open original minutes ↗The minutes record that council received and noted the financial report for the period ended 30 September 2026, and that the resolution carried unanimously.
YTD loan repayments of $0.77 million have been made, with total borrowings currently at $15.65 million. Council Resolution MOVED: Cr Grant Brooker SECONDED: Cr Kate McKay That Council receives and notes the Financial Report for the period ended 30 September 2026 (Attachment 1). CARRIED UNANIMOUSLY Tania Treasure Manager Customer, Communications and Strategic Partnerships left the meeting at the conclusion of the above item at 8.30pm. Council Meeting Minutes 27 October 2026 12.
CM.107/26 September Quarter Financial Report, council resolution and result
Open original minutes ↗The supplied minutes' confirmation line is blank.
Confirmed: _______________________________ Cr Naomi Joiner, Mayor
Closing confirmation line
Open original minutes ↗Source record
Based on the supplied public minutes of the Nillumbik Shire Council meeting held on 27 October 2026, dated 30 October 2026. The confirmation line is blank, so the minutes are treated here as unconfirmed.
Key facts from the minutes
- Cash was reported at $38.6 million and term deposits at $19.5 million at 30 September 2026.
- Total net assets were reported at $1.155 billion and borrowings at $15.65 million.
- The report recorded a $1.01 million favourable year-to-date net operating variance, described as 0.12 per cent of the year-to-date budget; the supplied summary does not provide the budget amount needed to verify that percentage.
- Rates collection was 21.24 per cent year to date; the first instalment was due on 30 September.
- Year-to-date capital works expenditure was $3.28 million and loan repayments were $770,000.
- The unconfirmed minutes record that council unanimously received and noted the financial report on 27 October 2026.
Why it matters
- The report gives Nillumbik residents and ratepayers a quarter-end view of council’s cash, borrowings, rates collection and capital works expenditure. It reports financial performance but does not itself authorise new spending.