2018-08-13 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                             13 AUGUST 2018


Previous Council Consideration

The 2018/19 original budget was adopted by Council resolution on 6 July 2018 (Ref. Special
Meeting Minutes, 6 July 2018, Item 3, Page 3).

Finance
Council’s 2018/19 budgeted financial sustainability ratios will all remain within the benchmark
ranges as per the table below.

Ratio                            Target Original Budget            BR1
Operating Surplus               0 – 10%            0.2%           0.0%
Net Financial Liabilities         < 60%          (0.4%)           1.9%
Asset Sustainability              > 90%         114.6%          120.7%




Risks & Opportunities

Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability. Effective budget management and reporting is an important risk mitigation tool.

Consultation

External Consultation - Community & Stakeholder

Nil.

Internal Consultation

Financial Services have been in contact with all Council branches. Directors of each department
have reviewed endorsed all submissions received. The Executive Team has also reviewed and
endorsed all submissions received.




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