Financial position

Cash

Council held $22.0m in cash at 30 Jun 2025, more than at any other year-end since 2021.

• $22.0m Cash and cash equivalents30 Jun 2025$12.7m at 30 Jun 2024
• $5.9m Lowest of the five year-ends30 Jun 2022
• $35.5m Other financial assets30 Jun 2025$27.4m at 30 Jun 2024
• $18.6m or $10.0m Cash, as two annual reports state it30 Jun 2021$18.6m in the 2020–21 report; $10.0m in the 2021–22 report

For 30 Jun 2021, the 2021–22 report states cash $8.6m lower and other financial assets $8.6m higher than the 2020–21 report; the two together are $40.1m in both.

SourceAnnual Report 2024–25 — financial statements · Wodonga Council · 2024–25

SourceAnnual reports — financial statements · Wodonga Council · 2020–21 to 2023–24

Liquidity

Working capital rose from 3.30 to 3.75 between 2020–21 and 2024–25, while unrestricted cash fell from 1.12 to 0.30.

• 3.75 Working capital: current assets for every $1 of current liabilities2024–253.30 in 2020–21; regional-city median 1.97
• 0.30 Unrestricted cash for every $1 of current liabilities2024–251.12 in 2020–21; 3rd highest of 10 regional cities
• -0.29 Regional-city median unrestricted cash, Wodonga excluded2024–256 of the 9 other cities below zero

Unrestricted cash leaves out money held for a set purpose, and Council's return notes that its actual figures also leave out term deposits of more than 90 days, so a low figure is not the same as being short of money.

SourceLocal Government Performance Reporting Framework — full council data set · Local Government Victoria · 2020–21 to 2024–25

Borrowings

Borrowings fell at every year-end, from $16.7m to $10.0m, but long-term liabilities against the revenue Council raises itself rose in 2024–25.

• $10.0m Interest-bearing borrowings30 Jun 2025$16.7m at 30 Jun 2021
• -40.3% Change in borrowings30 Jun 2021 to 30 Jun 2025Lower at every year-end; 30 Jun 2024 later restated from $11.2m to $11.3m
• 18.0% Borrowings as a share of rates2024–2535.7% in 2020–21; regional-city median 14.0%
• 4.1% Loan repayments as a share of rates2024–256.7% in 2020–21; regional-city median 3.4%
• 0.25 Long-term liabilities for every $1 of revenue Council raises itself2024–250.21 in 2023–24; 0.41 in 2020–21

Long-term liabilities are non-current liabilities: provisions and other obligations as well as loans, which is why they can rise while borrowings fall. Council's 2024–25 return attributes the rise mainly to the start of the Leneva–Baranduda development contributions plan works-in-kind agreement.

SourceAnnual Report 2024–25 — financial statements · Wodonga Council · 2024–25

SourceAnnual reports — financial statements · Wodonga Council · 2020–21 to 2023–24

SourceLocal Government Performance Reporting Framework — full council data set · Local Government Victoria · 2020–21 to 2024–25

Operating result

The adjusted underlying result turned positive in 2024–25, at +8.0%, after four years below zero.

• +8.0% Adjusted underlying result: underlying surplus as a share of underlying revenue2024–252nd highest of 10 regional cities
• -2.8% Regional-city median, Wodonga excluded2024–25Wodonga 10.7 points higher
• $26.0m Surplus on the audited income statement2024–252023–24: $3.8m as restated, $0.1m as first reported
• $107.7m Land-under-roads revaluation counted as an expense2022–23Included in that year's -150.4% result

Council's 2024–25 return says the timing of Federal Assistance Grant payments affected underlying revenue in both of the last two years: the 2024–25 grant arrived late and the 2025–26 grant arrived early.

SourceLocal Government Performance Reporting Framework — full council data set · Local Government Victoria · 2020–21 to 2024–25

SourceAnnual Report 2024–25 — financial statements · Wodonga Council · 2024–25

SourceAnnual reports — financial statements · Wodonga Council · 2020–21 to 2023–24

Net assets

Net assets rose $134.8m in 2024–25: $26.0m was the year's surplus and $108.8m came from revaluation and other changes.

• $932.7m Net assets30 Jun 2025$746.4m at 30 Jun 2021
• +$134.8m Change in net assets2024–25From $797.9m, 30 Jun 2024 as restated in the 2024–25 report; +$135.4m from the $797.4m first reported
• $26.0m Surplus for the year2024–2519% of the rise
• $108.8m Revaluation and other changes2024–2581% of the rise; the change less the surplus

Net assets are what Council owns less what it owes, at accounting value; they are not money it can spend. Cash and other financial assets were $57.5m of the $967.9m Council owned at 30 Jun 2025.

SourceAnnual Report 2024–25 — financial statements · Wodonga Council · 2024–25

SourceAnnual reports — financial statements · Wodonga Council · 2020–21 to 2023–24

Asset renewal

Spending on renewing and upgrading assets was below depreciation in four of the five years, as it was for most other regional cities in every year.

• 0.87 Renewal and upgrade spending for every $1 of depreciation2024–254th highest of 10 regional cities
• 0.74 Regional-city median, Wodonga excluded2024–25
• 4 of 5 Years Wodonga was below 1.02020–21 to 2024–25Above only in 2020–21, at 1.85
• 7 of 9 Other regional cities below 1.02024–255 to 7 of 9 in each year

The ratio compares spending with depreciation, an accounting estimate of wear; it does not measure the physical condition of roads, buildings or other assets.

SourceLocal Government Performance Reporting Framework — full council data set · Local Government Victoria · 2020–21 to 2024–25

Road condition, in Roads, transport & safety

Asset base

Council's 2025 Asset Plan puts the replacement cost of six asset classes at $947.9m, led by road, kerb and car parks at $368.8m.

• $947.9m Replacement cost of six asset classesAsset Plan 2025
• $368.8m Road, kerb and car parksAsset Plan 202539% of the six classes
• $16.7m Projected renewal spending a year10-year average, Asset Plan 2025Road, kerb and car parks: $5.4m

The plan also gives each class a share of Council's whole asset base; those shares add to 81%, so these six classes are not the entire asset base.

SourceAsset Plan · Wodonga Council · 2025

Restated figures

In its 2024–25 return Council corrected its own 2023–24 results for six of the seven framework measures on this page.

• 27 Prior-year figures Wodonga restated in its return2024–25 return36 across all reporting councils
• 3 Next-highest council, West Wimmera Shire2024–25 returnMedian council: 0
• -12.2%As filed→ -7.5%Restated Adjusted underlying result, 2023–24
• 0.67As filed→ 0.79Restated Asset renewal, 2023–24

Counted from councils' own commentary in their 2024–25 returns, so a correction made without comment is not counted. Ticks mark the median of the other regional cities.

SourceLocal Government Performance Reporting Framework — full council data set · Local Government Victoria · 2020–21 to 2024–25