THAT THE CITY FINANCE AND GOVERNANCE COMMITTEE RECOMMENDS TO COUNCIL
THAT COUNCIL
1. Adopts the Caretaker Policy as contained in Attachment A to the Item 7.2 on the Agenda for the meeting of the City Finance and Governance Committee held on 19 May 2026, subject to a variation to the policy to include a public meeting(s) of candidates held and resourced by the Council.
2. Authorises the Chief Executive Officer to make any minor editorial and formatting changes as required to finalise the Caretaker Policy as contained in Attachment A to Item 7.2 on the Agenda for the meeting of the City Finance and Governance Committee held on 18 May 2026.
3. Notes that the Lord Mayor and Chief Executive Officer have received a request from the No. 24 (City of Adelaide) (Auxiliary) Squadron of the Royal Australian Air Force to exercise their right to Freedom of Entry to the City of Adelaide to commemorate their 75th Anniversary on 24 October 2026.
4. Approves the Lord Mayor to exercise all civic and ceremonial functions and duties required to facilitate the Freedom of Entry to the City of Adelaide to the No. 24 (City of Adelaide) (Auxiliary) Squadron of the Royal Australian Air Force.
Undertaking - Adoption of Caretaker Policy
In response to a query from the Deputy Lord Mayor, Councillor Noon, the CEO gave an undertaking to seek legal advice regarding the extent that Council can apply the Caretaker Policy to Council Subsidiaries, including Subsidiary Board Members.
THAT THE CITY FINANCE AND GOVERNANCE COMMITTEE RECOMMENDS TO COUNCIL
THAT COUNCIL
1. Receives the City of Adelaide 2025/26 Business Plan and Budget Quarter 3 Review as contained in Attachment A to Item 7.1 on the Agenda for the meeting of the City Finance and Governance Committee held on 19 May 2026.
2. Approves adjustments for the 2025/26 Business Plan and Budget (BP&B) as identified in this report and contained in Attachment A to Item 7.1 on the Agenda for the meeting of the City Finance and Governance Committee held on 19 May 2026.
3. Notes the year-to-date Operating (Financial Performance) for the quarter ending 31 March 2026, which includes:
3.1. An operating surplus of $20.684m ($11.299m higher than the budget of $9.385m, for the period)
3.2. Total operating revenue of $191.308m ($2.865m higher than the budget of $188.443m, for the period)
3.3. Total operating expenses (including depreciation) of $170.624m ($8.434m lower than the budget of $179.058m, for the period)
3.4. Total Capital Expenditure of $54.389m ($3.196m higher than the budget of $51.193m, for the period)
3.5. Net cash surplus position of $10.091m.
4. Approves budgeted year end Operating Position, which includes:
4.1. An operating surplus of $8.541m (consistent with the adopted budget of $8.541m)
4.2. Total operating revenue of $255.864m ($2.582m higher than the Q2 budget of $253.282m)
4.3. Total operating expenses (including depreciation) of $247.323m ($2.582m higher than the Q2 budget of $244.741m).
5. Approves total capital expenditure of $112.274m for 2025/26 year ($8.389m lower than the Q2 budget of $120.663m).
6. Approves total borrowings of $45.828m projected to 30 June 2026 ($4.849m lower than the Q2 projected borrowings of $50.677m to 30 June 2026).
7. Receives the Council Subsidiary Quarter 3 Reviews as contained as Attachments B, C, D and E to Item 7.1 on the Agenda for the meeting of the City Finance and Governance Committee held on 19 May 2026.
Undertakings – 2025/26 Business Plan & Budget Q3 Review
In response to a query from Councillor Maher, an undertaking was given to distribute a list of current marketing promotions to Council Members to assist them in promoting events and activations the City.
In response to a query from Councillor Freeman, an undertaking was given to provide Council Members with information on why George Street (Plan/Design, $100k) has been included as part of the Q3 Review.