Annual Report and Budget

View our current financial year Budget and our Annual Report, the key reporting  tool to monitor Council's performance.

Annual Report

Council adopted the Annual Report 2018-2019 at the 14 October 2019 Council meeting.

The Annual Report is a key reporting tool to monitor Council's performance against objectives of the Council Plan(PDF, 4MB)  and financial year Budget(PDF, 2MB). It contains information about future projects and statistical information comparing Council’s performance over time.

Achievements and challenges are detailed against our four key objectives:

  • Community – an inclusive City that enhances the health and wellbeing of all residents, where people can feel safe, socially connected and engaged.
  • Liveability – the most desirable place to live, work and visit.
  • Environment – a cleaner, safer and better environment for future generations to enjoy.
  • Economy – a City that will grow its premier status as a vibrant, innovative and creative business community.

Download the full Annual Report 2018-2019(PDF, 4MB)

Download the Annual Report 2018-2019 Summary(PDF, 953KB).

Hard copies are available at City of Stonnington service centres and libraries.

Previous years' Annual Reports

Annual Report 2017-2018(PDF, 6MB)

Annual Report 2016-2017(PDF, 4MB)

Annual Report 2015-2016(PDF, 5MB)

Annual Report 2014-2015(PDF, 5MB)

Annual Report 2013-2014(PDF, 7MB)

Annual Report 2012-2013(PDF, 5MB)

Annual Report 2011-2012(PDF, 5MB)

Annual Report 2010-2011(PDF, 3MB)

2019-20 Budget

The 2019-20 financial budget will deliver services and infrastructure to create an inclusive, healthy, creative, sustainable and smart community, in line with the key pillars of the Council Plan 2017-2021 - Community, Environment, Liveability and Economy.

View the 2019-20 Financial Budget(PDF, 2MB)

Capital works program highlights

The 2019-20 financial budget includes a $83.5 million capital works program

Project $'000
Percy Treyvaud Masterplan implementation
14.4
Completion of the Cato Street redevelopment, Prahran 10.3
Strategic property acquisitions to increase open space 10.0
Road, footpath and drainage works 10.0
Prahran Town Hall redevelopment 7.6
Community building renewal and improvement works 5.3
Parks, open space, recreation renewal and improvement works 3.9
Harold Holt Swim Centre masterplan implementation 2.9
Toorak Park and Victory Square masterplan implementation 1.9
Chapel Street streetscape masterplan implementation 1.8
Prahran Market utilities infrastructure works 1.4
Tennis Facility Renewal Program 1.3
Princes Gardens masterplan implementation 1.0
Yarra River and Gardiners Creek Biodiversity project 1.0
Forrest Hill masterplan implementation 0.8
Windsor Siding masterplan implementation 0.7
Cycling strategy implementation 0.6
Building and facility energy efficiency program 0.5

Surplus and borrowing explained

Financially sustainable operating surpluses help to fund the City of Stonnington’s capital works program. Recent projects, made possible by maintaining healthy operating surpluses, are Prahran Square, improvement works at Harold Holt Swim Centre and the revitalisation of Greville Street.

Council’s annual operating surplus also comprises open space contributions income. These contributions are a levy placed on major developments and can only be used for the future acquisition, creation and enhancement of open space within Stonnington. Although this money sits within our operating surplus, money in the reserve can only be committed to acquire, create or enhance open space in the suburb the levy is collected from. For example, an open space levy in Glen Iris can only be used to acquire, create or enhance open space in Glen Iris. This year we have budgeted an income of $15 million in open space contributions.

At times, Council chooses to borrow money to help fund major community infrastructure projects that provide inter-generational benefit. Interest rates are at record lows in Australia and all levels of government are being encouraged to borrow to invest in significant long term infrastructure projects. The maximum planned tenure of any borrowings is ten years, with the flexibility to pay down borrowings sooner if conditions permit.

Importantly, our borrowings balance is well within the limits recommended by the Victorian Auditor-General’s Office and Local Government Victoria.