Cardinia Shire (VIC) Council budget and finances

Budget & finances

Every Victorian council reports the same set of financial measures to the state each year, under the Local Government Performance Reporting Framework (LGPRF). The state doesn't set pass marks for these measures. So we show Cardinia's figure for 2024–25 next to the median of all Victorian councils. The median is the middle value: half of councils are above it and half below. The median is a point of reference, not a target.

New to these terms? Read them in plain English

Operating result (surplus / deficit): Income minus expenses for the year's normal operations.
Average residential rate: The typical yearly general-rates bill for a home in the area.

See the full explainer, with formulas →

The numbers

Average rate per property (2024–25): $1,880General rates plus any municipal charge, divided by all property assessments (homes and businesses). Cardinia has no municipal charge. The Victorian median is $1,937.
Borrowings (2024–25): 14.1% of ratesLoans and borrowings compared with rates. The Victorian median is 13.2%. Loan repayments were 9.6% of rates (median 1.4%). The 2026–27 budget plans $20.9 million of new borrowing towards capital works, with total borrowings expected to reach $44.1 million by 30 June 2027.
Adjusted underlying result (2024–25): −0.01% (a small deficit)The operating result without capital grants and contributions, as a share of that revenue. The Victorian median is 0.56%. The 2026–27 budget forecasts an adjusted underlying surplus of $190,000.
2026–27 budget: $183.1 million of expenditure, and a $66.3 million capital works programCapital works include $23.4 million on roads. They are funded by $29.2 million of grants and contributions, $20.9 million of borrowings and $16.2 million from council cash (Budget 2026–27).

Measure (2024–25)	Cardinia	Victorian median
	−0.01%	0.56%
Current assets ÷ current liabilities (short-term liquidity)	3.22×	2.17×
Unrestricted cash ÷ current liabilities (free cash)	0.40×	0.26×
Loans and borrowings ÷ rates	14.1%	13.2%
Loan repayments ÷ rates	9.6%	1.4%
Non-current liabilities ÷ own-source revenue	16.9%	16.7%
Asset renewal and upgrade ÷ depreciation	129.4%	94.9%
Rates ÷ adjusted underlying revenue (reliance on rates)	69.2%	57.8%
Rates ÷ property values	0.28%	0.28%
Expenses per property assessment	$3,336	$4,100
Average rate per property assessment	$1,880	$1,937

Cardinia Shire Council, LGPRF financial measures, 2024–25, next to the median of the 79 Victorian councils reporting each measure. Source: Local Government Victoria, LGPRF 2020–2025 Full Council Data Set (Nov 2025 release), CC BY 4.0. The median is CouncilBeacon's own calculation.

The LGPRF has no official benchmarks, and Local Government Victoria says its data shouldn't be used for simplistic league tables. So we don't mark any figure as a pass or a fail, and we don't rank councils. The Victorian median is CouncilBeacon's own calculation, taken across the Victorian councils that report each measure in the 2024–25 data set. A figure above or below the median isn't good or bad in itself. Councils differ in size, growth, assets and services (the LGPRF groups Cardinia with the 'Interface' councils on Melbourne's fringe), and the council's annual report explains its own results. The 2025–26 figures are due in about November 2026.

Sources — check it yourself

Figures are current as at the dates shown and may change — always confirm with the linked source. See the notice at the bottom of the page for full details and how to report a correction.