2021-07-15 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                                                                                                                                    15 JULY 2021


Category                                                                                                                                                                             Comments
Operating Surplus Ratio                                                                                                                                                                 Intent: Identifies the extent to
                                     90%                                                                                                                                                 which revenues cover operational
                                     80%
                                                77.3%                                                                                                                                    expenses, to ensure community
                                     70%
                                                                                                                                                                                         equity is not degraded.
                                                        59.1%
                                     60%                                                                                                                                                Target: 0 – 10%
                                     50%                           43.2%                                                                                                                Result: 6.3%
                                                                                                                37.9%
                                     40%                                      30.9%                                       30.8%                                                         Comment:        Strong  facilities
                                     30%                                                                                             22.4%                                               revenue, operational savings,
                                                                                         15.7%                                                  16.9%
                                     20%
                                                                                                                                                           10.0%                         unspent levies and grants have
                                                                                                        4.6%                                                              6.3%
                                     10%                                                                                                                                                 contributed toward a positive
                                      0%                                                                                                                                                 interim annual result.
                                     -10%
                                                 Jul        Aug        Sep        Oct        Nov        Dec         Jan       Feb        Mar        Apr        May        Jun


                                                                  Actual                                   Budget                                     Target


Cash Expense Cover                                                                                                                                                                      Intent: Indicates how long
                                     14.0                                                                                                                                                Council can continue paying its
                                                                                                                              12.5       12.2                                            day-to-day expenses from cash
 Months (Cash to Cover Operations)




                                                            11.5                                                                                    11.6
                                     12.0                              11.1       10.7                                                                         10.9                      at    bank     without  needing
                                                                                             10.1                   9.7                                                   10.1
                                     10.0                                                                9.1                                                                             additional cash flows.
                                                 8.7
                                                                                                                                                                                        Target: > 3 months
                                      8.0
                                                                                                                                                                                        Result: 10.1 months
                                      6.0
                                                                                                                                                                                        Comment: Whilst interim annual
                                      4.0                                                                                                                                                cash cover result is well above
                                                                                                                                                                                         target, this includes committed
                                      2.0
                                                                                                                                                                                         cash for capital projects and
                                       -                -          -          -          -          -           -         -          -          -          -          -          -       unspent grant monies paid in
                                                 Jul        Aug        Sep        Oct        Nov        Dec         Jan       Feb        Mar        Apr        May        Jun            advance.
                                                            Actual                                                                  Minimum (>0 months)
                                                            Target (3 months)                                                       Maximum (6 months)

Asset Sustainability Ratio                                                                                                                                                              Intent: Measures the extent to
                                     120%                                                                                                                                                which assets are being replaced
                                                                                                                                                                                         as their condition degrades to
                                                                                                                                                                          96.9%
                                     100%                                                                                                                                                ensure service potential is
                                                                                                                                                                            90%          maintained.
                                      80%                                                                                                                                 75%
                                                                                                                                                               66%                      Target: 90% of depreciation
                                                                                                                                         56% 59%                                         budget spent on renewals
                                      60%                                                                       52%
                                                                                                        49% 50%
                                                                                             44%                                                                                         annually
                                      40%                              29%
                                                                                  34%
                                                                                                                                                                                        Result: 75%
                                                            13%
                                                                                                                                                                                        Comment:          Delays      in
                                      20%
                                                  1%
                                                                                                                                                                                         commencement of major renewal
                                           0%                                                                                                                                            projects, including the bridge
                                                  Jul       Aug        Sep        Oct        Nov        Dec         Jan       Feb        Mar        Apr        May        Jun            renewal program, have impacted
                                                                                                                                                                                         interim performance against
                                                  Actual Renewal Spend (%)                                     Target (%)                   Renewals Budget (%)
                                                                                                                                                                                         targets.




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