Sliema council ends 2025 with €106,461 year-end surplus

Sliema Local Council has published its accrual-based Quarterly Financial Report for 1 January to 31 December 2025 (Quarter 4), the year-end statement that closes the 2025 reporting cycle. The document is signed by Mayor John Pillow and Executive Secretary Pierre Paul Portelli.

On the Statement of Income and Expenditure, the council recorded total income of €1,647,491 against an annual budget of €1,612,357, and total expenditure of €1,541,030 against a budget of €1,590,422. That left a surplus of €106,461 for the year – nearly five times the €21,935 surplus built into the 2025 budget.

Central government funds came in exactly on budget at €1,295,357. Income from bye-laws reached €273,458 (budget €260,000), Local Enforcement System income €8,393 (budget €7,000), and other income €70,283 (budget €50,000). On the spending side, personal emoluments were €288,757 against a €317,422 budget, and operations and maintenance €988,099 against €1,018,800. Administration ran over budget at €190,817 versus €163,200.

The cash-flow statement shows a sharper movement in cash than the surplus alone implies. Cash and cash equivalents fell from €2,217,251 at the start of the year to €1,465,782 at year-end, a net decrease of €751,469. Purchases of property, plant and equipment totalled €1,302,702, while grants received were €381,803 – well below the €1,091,000 allowed for in the budget. The council's Financial Situation Indicator stood at 27% at year-end, against a budgeted 66%.

Net assets and retained funds were reported at €1,932,958. The earlier Quarter 3 report covering January to September 2025 remains on the council site for the nine-month picture that preceded this full-year close. The council's separate 2026 annual budget was published the previous month.