July 15, 2025
Toowoomba Regional Council has turned around a forecast $5.7 million loss for last financial year into a $4 million surplus, thanks in part to the unexpected early payment of federal grant money.
At Tuesday’s general meeting, councillors endorsed the interim full year result.
Mayor Geoff McDonald said it had been driven by the $2.8 million prepayment last month of half the council’s 2025-26 Financial Assistance Grant as well Council finding efficiencies and savings.
“Although a small surplus, this is a terrific result for Council and the community,” Mayor McDonald said.
“Council’s efforts in responsibly managing our finances on behalf of the community to peg back a $5.7 million budgeted deficit to a $4 million interim surplus is a positive for our community.”
The June result is an interim position as figures are subject to change as part of end-of-year adjustments. Final figures will be reported in TRC’s annual report, expected to be released in October.
