A growth-related revenue arrangement in the financial notes.

A source-led starting point for a useful public question.

Historical financial disclosureRecord date: 2024-12-31

WHAT THE RECORD ESTABLISHES

The documented fact.

The 2024 accounts describe an annexation agreement effective in 2018, with compensation linked to taxes on annexed properties and possible additional compensation as expansion occurs.

2024 consolidated financial statements (external site)Official record · 2024-12-31 · Note 22 · printed page 23 / PDF page 25

What that does—and does not—tell us.

The note establishes a contractual revenue arrangement. It does not show the full agreement, current receipts or how the money was allocated.

THE FOLLOW-UP QUESTION

What receipts have been earned, and how does the arrangement affect future boundary discussions?

Later evidence has not yet been connected in this explainer. Help close that gap with the relevant public report or decision.

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