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2022-04-19 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 19 APRIL 2022
Figure 7: 12 Month Trend of Cash Invested by Agency
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
-
Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding
performance noting the early stage of the financial year.
Category Comments
Operating Surplus Ratio • Intent: Identifies the extent to which
90% 82.6% revenues cover operational
80% expenses, to ensure community
70% 60.9% equity is not degraded
60% • Target: 0 – 10%
44.5%
50%
39.0% • Result: 24.7%
40% 30.5% 30.8%
30% 24.7% • Comment: The ratio is at the second
18.3%
20% peak for the year following the issue
8.3%
10% of rates and levies in January. This
0% ratio will slowly decline as
-10% expenditure on operations occurs
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun through to the end of the financial
year at 30 June 2022.
Actual Budget Target
Cash Expense Cover • Intent: Indicates how long council
16.0 can continue paying its day-to-day
14.2
13.4 expenses from cash at bank without
Months (Cash to Cover Operations)
14.0 12.8 12.5
11.6 11.9 11.8 needing additional cash flows
12.0 10.9 10.8 11.2
10.1 10.4 • Target: > 3 months
10.0
• Result: 13.4 months
8.0
• Comment: Council is forecast to
6.0
remain above target for the financial
4.0
year. Business as usual expenditure
2.0 through to 30 June 2022 will continue
- - - - - - - - - - - - - to diminish Council’s cash holdings,
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar albeit not below the target range of 3
Actual Minimum (>0 months) – 6 months.
Target (3 months) Maximum (6 months)
Page 61 of 68
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