FRANKSTON Council posted a surplus of nearly $16 million in the last financial year, its 2024/2025 annual report has revealed.
A final surplus of $15.871 million was posted by Frankston Council. A message from Frankston mayor Kris Bolam and interim council CEO Cam Arullanantham in the annual report read that “despite pressures from rate capping, inflation and reduced external funding, 98 per cent of Council Plan actions were delivered or are on track.”
“This year saw the completion of major projects such as the Kananook Car Park, new and upgraded early years facilities, pavilion redevelopments and play space improvements. We have also shifted our focus towards smaller, community-based upgrades that spread investment across the city and deliver sustainable outcomes, such as the renewal of the Langwarrin Community Centre and Early Years project,” they said. “Our advocacy has secured $75 million in federal commitments and further state funding for upcoming local projects – ensuring continued investment in Frankston City’s future.
“Alongside these builds, we have strengthened the heart of our city. The adoption of the Young Street Action Plan is transforming our busiest gateway with enhanced safety, cleaner streetscapes and landscaping, as well as support for local traders. The launch of the Community Connectors program at Frankston Station is providing empathetic, on-the-ground support for people experiencing complex challenges. And the Frankston Metropolitan Activity Centre Structure Plan, now embedded in the Planning Scheme, sets a clear 20-year vision for housing, jobs, open spaces and sustainability.”
The annual report noted that the 2024/2025 surplus “compares unfavourably to the surplus of $32.620 million in 2023/2024”. The report read “that result was influenced by higher nonmonetary contributions related to the Sandhurst Estate formal asset transfer.”
First published in the Frankston Times – 4 November 2025