← Borough of Queenscliffe
Budget & 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 the Borough's 2024–25 result next to the median of all Victorian councils that reported it. A median is simply the middle value — it is a reference point, not a target. The Borough is in the LGPRF's 'Small Shire' comparison group and has about 3,150 rateable property assessments (2026–27 Budget), which is worth keeping in mind when reading the per-property figures.

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

Borrowings
None — loans and borrowings 0.0% of rates (2024–25)LGPRF measures O2 and O3 are both 0.0%. The council's adopted 2026–27 Budget states it 'maintains a zero-debt position'.
Average rate per property assessment (2024–25)
$2,387 (Victorian median $1,937)This covers all rateable property assessments, not residential only. The council's own comment in the LGPRF file: 'Rate revenue represents a high proportion of Queenscliffe's revenue and spread across a very small ratepayer base.'
Expenses per property assessment (2024–25)
$4,315 (Victorian median $4,100)The council's LGPRF comment gives $4,116 when non-recurring items are excluded.
2026–27 Budget
Total rates income about $8.0 million; capital works $6.7 millionAdopted in June 2026. The Statement of Capital Works totals $6.707 million, of which $2.723 million is carried forward from 2025–26; the council's announcement describes a capital program of $5.832 million. On ongoing income and expenses the budget forecasts a surplus of $66,000.
Measure (2024–25)QueenscliffeVictorian median
Adjusted underlying surplus (or deficit), as a share of adjusted underlying revenue4.4%0.56%
Current assets compared with current liabilities2.14×2.17×
Unrestricted cash compared with current liabilities−0.58×0.26×
Loans and borrowings compared with rates0.0%13.2%
Loan repayments compared with rates0.0%1.4%
Non-current liabilities compared with own-source revenue0.90%16.7%
Asset renewal and upgrade spending compared with depreciation97.4%94.9%
Rates compared with adjusted underlying revenue63.6%57.8%
Rates compared with property values0.18%0.28%
Expenses per property assessment$4,315$4,100
Average rate per property assessment$2,387$1,937

Borough of Queenscliffe, 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. On the negative unrestricted-cash figure, the council's own LGPRF comment says it held $11.6 million in term deposits with original maturities over 90 days, which LGPRF classes as restricted cash. Per-property figures for a council of this size can sit well away from the median; we report them as published.

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.