2021-05-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                                                                                       17 MAY 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: 16.9%
                                                                                                             37.9%
                                     40%                                    30.9%                                       30.7%                                                       Comment: The ratio will decline
                                     30%                                                                                           22.4%                                             from February to June as the
                                                                                       15.7%                                                16.9%
                                     20%                                                                                                                                             January rates are expended on
                                     10%                                                              4.6%                                                                           delivery of Council services.
                                      0%
                                     -10%
                                                 Jul        Aug       Sep       Oct        Nov        Dec        Jan        Feb       Mar       Apr        May        Jun


                                                        Actual                         Budget                           Minimum                             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                                                                           at    bank    without   needing
                                                                                                                 10.1                 9.7
                                     10.0
                                                 9.5                                                                        9.1                                                      additional cash flows.
                                                            8.6       8.7
                                                                                                                                                                                    Target: > 3 months
                                      8.0
                                                                                                                                                                                    Result: 11.6 months
                                      6.0
                                                                                                                                                                                    Comment: Whilst current cash
                                      4.0                                                                                                                                            cover remains above target,
                                                                                                                                                                                     business as usual expenditure
                                      2.0
                                                                                                                                                                                     and any other unforeseen
                                       -                -         -         -          -          -          -          -         -         -          -          -          -       financial impacts through to 30
                                                May         Jun       Jul       Aug        Sep        Oct        Nov        Dec       Jan       Feb        Mar        Apr
                                                                                                                                                                                     June 2021 will degrade Council’s
                                                            Actual                                                                Minimum (>0 months)                                cash holdings.
                                                            Target (3 months)                                                     Maximum (6 months)

Asset Sustainability Ratio                                                                                                                                                          Intent: Measures the extent to
                                     120%                                                                                                                                            which assets are being replaced
                                                                                                                                                                  100.1%
                                                                                                                                                                                     as their condition degrades to
                                     100%                                                                                                                                            ensure service potential is
                                                                                                                                                                       90%           maintained.
                                      80%
                                                                                                                         62%
                                                                                                                                                67%                                 Target: 90% of depreciation
                                                                                                                 59% 60%
                                      60%                                                             55%                                                                            budget spent on renewals
                                                                                           45%                                                                                       annually
                                      40%                             29%
                                                                                34%
                                                                                                                                                                                    Result: In line with budget
                                      20%                   13%                                                                                                                     Comment:        The    ratio will
                                                  1%
                                                                                                                                                                                     progressively increase each
                                                                                                                                                           #N/A #N/A
                                           0%                                                                                                                                        month as expenditure on asset
                                                  Jul       Aug       Sep       Oct        Nov        Dec        Jan        Feb       Mar       Apr        May        Jun            renewals occurs though to 30
                                                                                                                                                                                     June.
                                                  Actual Renewal Spend (%)                                  Target (%)                  Renewals Budget (%)




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