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 Mornington Peninsula'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.
The numbers
- Average rate per property (2024–25)
- $1,659General rates divided by all property assessments (homes and businesses). The Shire has no municipal charge. The Victorian median is $1,937.
- Adjusted underlying result (2024–25)
- 0.09% surplusThe operating result without capital grants and contributions, as a share of that revenue. The Victorian median is 0.56%. The 2026–27 budget projects an adjusted underlying deficit of about 5%.
- Borrowings
- 13.4% of rates (2024–25)Loans and borrowings compared with rate revenue; the Victorian median is 13.2%. The 2026–27 budget projects loans of $33.9 million at 30 June 2027, and says borrowing was increased to fund the rollout of food and garden waste bins.
- 2026–27 capital works
- $46.8 millionAbout $60 million in total spending this year once works carried forward are included. The budget lists $22.8m on roads, drainage and footpaths, including $2.9m for blackspot road-safety works and $2.7m for Creswell Street East, Crib Point.
| Measure (2024–25) | Mornington Peninsula | Victorian median |
|---|---|---|
| 0.09% | 0.56% | |
| Current assets ÷ current liabilities (short-term liquidity) | 2.49× | 2.17× |
| Unrestricted cash ÷ current liabilities (free cash) | −0.43× | 0.26× |
| Loans and borrowings ÷ rates | 13.4% | 13.2% |
| Loan repayments ÷ rates | 1.6% | 1.4% |
| Non-current liabilities ÷ own-source revenue | 20.8% | 16.7% |
| Asset renewal and upgrade ÷ depreciation | 77.2% | 94.9% |
| Rates ÷ adjusted underlying revenue (reliance on rates) | 73.6% | 57.8% |
| Rates ÷ property values | 0.17% | 0.28% |
| Expenses per property assessment | $2,925 | $4,100 |
| Average rate per property assessment | $1,659 | $1,937 |
Mornington Peninsula 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, assets and services. The unrestricted-cash figure is negative in the data set; the Shire's 2024–25 Annual Report explains its own cash position. The 2025–26 figures are due in about November 2026.
Sources — check it yourself
- Local Government Victoria — LGPRF 2020–2025 Full Council Data Set (XLSX, Nov 2025 release, CC BY 4.0) · 2024–25
- DataVic — Local Government Performance Reporting (dataset and licence) · 2024–25
- Victorian Government — Know Your Council comparison dashboard · Sep 2026
- Mornington Peninsula Shire — Budget 2026–27 (PDF, adopted 29 June 2026) · 2026–27
- Mornington Peninsula Shire — Annual Report and Budget · Sep 2026
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.