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2022-02-14 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 14 FEBRUARY 2022
Page 97 of 99
OUR FINANCES
‘Measure Measure
Investment return 0.25% above benchmark (UBS Bank Bill index) Rate arrears ratio <5%
Purpose Purpose
Performance of invested ratepayer funds Measures the efficiency of Council's collection of rates and charges
1.0% 3H SHH 8985
0.8%
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0.6% rd “. a te é 2 i
one, ae “tenes : 2: “eas
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0.4% - = a Z —
0.2% _—__\7 me NY eS oe |
0.0% i. | | 0% + 1 7 1 1
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Comment Comment
VWhile longterm bond and interest rates continue to remain low due to current Rates arrears continue to decline fromthe high point in the cycle however they remain
economic conditions, Council's investment return remains above target. QTC's at call slighty above target. Reminder notices were issued in October. Recovery action may
rate is current 0.6%, with the closest comparable term deposit rate from other be considered where appropriate.
institutions being 0.55% for a minimum investement term of 12+ months.
OUR FINANCES
Measure
V¥orking capital ratio > 2 (times)
Purpose
Measures Council's ongoing solvency
8
64 part tte
4 a
2
0
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Comment
The working capital ratio is tracking above 2 which indicates Council has strong
liquidity so that we are able to meet financial obligations as they fall due.
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