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2018-12-11 Services & Organisation Committee Agenda
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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA 11 DECEMBER 2018
Cash and Debt
The graph below shows Council’s cash and debt holdings as June 2018 compared to the previous
3 years. Both cash and debt levels have increased and decreased respectively over the last 3
years, stabilising between 2017 and 2018. Council’s net financial liabilities ratio of -12.6% improved
from the previous year -11.6% and remains well within the Queensland government benchmark of
not greater than 60%.
Given ongoing uncertainty moving forward regarding potential federal and state funding levels for
local government, and climate change implications on Council operations and infrastructure
requirements it is prudent that capacity is maintained within cash and debt balances to manage
any unexpected (or expected once known) shocks.
Figure 5: Cash and Debt Comparison ($m)
$70
$60
$50
$40
$30
$20
$10
$0
2015
2016
2017
2018
Cash Debt
Previous Council Consideration
Ordinary Meeting, 21 December 2017, Item 8, Page 9
That Council note the report by the Director Corporate Services to the Services & Organisation
Committee Meeting dated 12 December 2017 providing a summary of Council’s financial
performance against the 2016/17 budget.
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.
Page 139 of 148
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