2022-09-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                                                                           12 SEPTEMBER 2022


    Category                                                                                                                                                                              Comments
    Cash Expense Cover                                                                                                                                                                     Intent: Indicates how
                                         16.0                                                                                                                                               long council can
                                                                                                       14.2                                                              14.0
                                                                                                                  13.4                                                                      continue paying its day-
     Months (Cash to Cover Operations)


                                         14.0                                                                                13.0                  13.1
                                                12.5                                                                                    12.4
                                                           11.9       11.8                                                                                    11.8                          to-day expenses from
                                         12.0                                    10.8       11.2
                                                                                                                                                                                            cash at bank without
                                         10.0                                                                                                                                               needing additional cash
                                          8.0                                                                                                                                               flows
                                          6.0                                                                                                                                              Target: > 3 months
                                          4.0                                                                                                                                              Result: 14.0 months
                                          2.0                                                                                                                                              Comment: Whilst
                                           -           -          -          -          -          -          -          -          -          -          -          -          -
                                                                                                                                                                                            current cash cover
                                                Sep        Oct        Nov        Dec        Jan        Feb        Mar        Apr        May        Jun        Jul        Aug                remains above target,
                                                           Actual                                                                  Minimum (>0 months)
                                                                                                                                                                                            business as usual
                                                           Target (3 months)                                                       Maximum (6 months)                                       expenditure through to
                                                                                                                                                                                            30 June 2023 will
                                                                                                                                                                                            degrade Council’s cash
                                                                                                                                                                                            holdings, albeit not
                                                                                                                                                                                            below the target range
                                                                                                                                                                                            of 3 – 6 months.
                                                                                                                                                                                            Cash balances are also
                                                                                                                                                                                            enhanced with FAG and
                                                                                                                                                                                            Waste Levy subsidy
                                                                                                                                                                                            prepayments (held as
                                                                                                                                                                                            restricted cash)
    Asset Sustainability Ratio                                                                                                                                                             Intent: Measures the
                                         200%                                                                                                                               188.0%          extent to which assets
                                         180%                                                                                                                                               are being replaced as
                                         160%                                                                                                                                               their condition degrades
                                         140%
                                                                                                                                                                                            to ensure service
                                                                                                                                                                                            potential is maintained
                                         120%
                                         100%
                                                                                                                                                                                           Target: 90% of
                                         80%
                                                                                                                                                                                    90%     depreciation budget
                                                                                                                                                                                            spent on renewals
                                         60%
                                                                                                                                                                                            annually
                                         40%            28.3%
                                         20%    10.7%                                                                                                                                      Result: In line with
                                                                                                                                                                                            budget
                                          0%
                                                 Jul       Aug        Sep         Oct       Nov         Dec        Jan        Feb        Mar         Apr        May        Jun             Comment: The capital
                                                                                                                                                                                            program has only just
                                                   Actual Renewal Spend (%)                                       Target (%)                       Renewals Budget (%)
                                                                                                                                                                                            commenced. It is
                                                                                                                                                                                            expected that the ratio
                                                                                                                                                                                            will progressively
                                                                                                                                                                                            increase each month as
                                                                                                                                                                                            expenditure on
                                                                                                                                                                                            renewals occurs.




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