Corangamite Shire (VIC) Council budget and finances

Budget & finances

Every Victorian council reports the same set of financial measures each year under the Local Government Performance Reporting Framework (LGPRF), published by Local Government Victoria. Victoria sets no pass/fail benchmarks for these measures, so we show Corangamite's 2024–25 result next to the median of all Victorian councils that reported it. A median is simply the middle value — a reference point, not a target. Corangamite is in the LGPRF's 'Large Shire' comparison group.

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 assessment (2024–25): $2,335 (Victorian median $1,937)General rates and the municipal charge divided by all rateable property assessments — homes, farms and businesses together. Farm land makes up about 62% of the Shire's rateable value in the 2026–27 Budget.
Expenses per property assessment (2024–25): $7,317 (Victorian median $4,100)
Borrowings (2024–25): 0.0% of rates (Victorian median 13.2%)The council had no interest-bearing loans. The 2026–27 Budget has no new borrowing; it projects borrowing of about $2.6 million in 2028–29 and $2.7 million in 2029–30 for capital works.
2026–27 Budget: About $27.9 million from rates and charges; a capital works program of $19.05 millionThe council says the adopted Budget includes $9.95 million for road renewal and upgrades, $3.9 million for plant and fleet, $2.0 million for the Naroghid landfill and $1.2 million for buildings and facilities, and forecasts an operating deficit of $2.04 million.

Measure (2024–25)	Corangamite	Victorian median
Adjusted underlying surplus (or deficit), as a share of adjusted underlying revenue	−17.8%	0.56%
Current assets compared with current liabilities	4.39×	2.17×
Unrestricted cash compared with current liabilities	0.36×	0.26×
Loans and borrowings compared with rates	0.0%	13.2%
Loan repayments compared with rates	0.0%	1.4%
Non-current liabilities compared with own-source revenue	42.1%	16.7%
Asset renewal and upgrade spending compared with depreciation	98.1%	94.9%
Rates compared with adjusted underlying revenue	42.4%	57.8%
Rates compared with property values	0.26%	0.28%
Expenses per property assessment	$7,317	$4,100
Average rate per property assessment	$2,335	$1,937

Corangamite Shire Council, LGPRF financial measures, 2024–25, with the Victorian median across the 79 councils that reported each measure. The median is CouncilBeacon's own calculation from the LGPRF data set; LGPRF itself publishes no benchmarks. Source: Local Government Victoria, LGPRF 2020–2025 Full Council Data Set (Nov 2025 release), CC BY 4.0.

LGPRF publishes no benchmarks for these measures, and Local Government Victoria says the data should not be used for simplistic league tables — so we don't say whether a figure is good or bad, and we don't rank councils. The median is ours, computed across the Victorian councils that report each measure. The file also carries a target column, which is each council's own target, not a state standard; we don't show it.

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.