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 Wangaratta'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)
- $1,962General rates plus any municipal charge (Wangaratta has none), divided by all property assessments (homes, farms and businesses). The Victorian median is $1,937.
- Adjusted underlying result (2024–25)
- 7.3% deficitThe operating result without capital grants and contributions, as a share of that revenue. The Victorian median is a 0.56% surplus. For 2026–27 the council budgets an adjusted underlying deficit of $3.56 million and a $422,000 increase in its cash balance.
- Loans and borrowings (2024–25)
- 53.3% of ratesThe Victorian median is 13.2%. The 2026–27 budget includes no new borrowings.
- 2026–27 capital works
- $22.27 million$16.90 million of new works and $5.37 million carried forward from 2025–26, compared with a $23.63 million program in 2025–26. Funded $9.27 million from grants and $13.00 million from council cash (budget section 4.5). The council says the program is below its long-term renewal gap, a decision made in response to current financial conditions.
| Measure (2024–25) | Wangaratta | Victorian median |
|---|---|---|
| -7.3% | 0.56% | |
| Current assets ÷ current liabilities (short-term liquidity) | 1.35× | 2.17× |
| Unrestricted cash ÷ current liabilities (free cash) | 0.86× | 0.26× |
| Loans and borrowings ÷ rates | 53.3% | 13.2% |
| Loan repayments ÷ rates | 7.7% | 1.4% |
| Non-current liabilities ÷ own-source revenue | 47.6% | 16.7% |
| Asset renewal and upgrade ÷ depreciation | 62.9% | 94.9% |
| Rates ÷ adjusted underlying revenue (reliance on rates) | 50.4% | 57.8% |
| Rates ÷ property values | 0.37% | 0.28% |
| Expenses per property assessment | $5,415 | $4,100 |
| Average rate per property assessment | $1,962 | $1,937 |
Wangaratta Rural City 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; Wangaratta is in the LGPRF's 'Regional City' group. The council's annual report explains its own results, and its 2026–27 budget describes a Financial Sustainability Action Plan. 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
- Rural City of Wangaratta — Budget 2026-27 (PDF; Mayor and CEO's introduction, section 4.5) · 2026–27
- Rural City of Wangaratta — Budget 2026-27 (page) · Sep 2026
- Rural City of Wangaratta — Annual Report 2024-25 · 2024–25
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.