This is now on the council website here (pdf).

The council financial situation has worsened over last year:  the income and expense statement (extract above) on page 87 shows an increased deficit despite the rates and water charges impost increase from $8 million to $13 million, while debt as stated at the end of note 24 on page 111 has increased from $140 million to $160 million.

Is any more needed to be said than what has already been said on here more than once?