2017-12-12 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                          12 DECEMBER 2017


Cash and Debt

The graph below shows Council’s cash and debt holdings as at 30 June 2017 compared to the
previous 2 years. Cash levels have increased with debt levels decreasing as Council continues to
minimise its debt position. Council’s net financial liabilities ratio of -12% improved from the
previous year -1.5% and remains well within the Queensland government benchmark of not
greater than 60%.

Figure 5: Cash and Debt Comparison ($’000)
 $70

 $60

 $50

 $40

 $30

 $20

 $10

   $0
                                                      Debt
                        Cash




                               2015   2016   2017


Previous Council Consideration

Ordinary Meeting, 17 November 2016, Item 2, Page 10
That Council note the report by the Director Corporate Services to the General Committee
Meeting dated 14 November 2016 providing a summary of Council’s 2015/16 budget
performance.

Finance
Refer to the report detail.

Risks & Opportunities
Council’s financial sustainability risks are managed through appropriate financial modelling,
annual budgeting, budget management and via regular reporting of performance to identify any
areas of concern.

Consultation
External Consultation - Community & Stakeholder
Nil.

Internal Consultation
Nil.




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