2020-03-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                   16 MARCH 2020


Category                           Comments
Cash Expense Cover                    Intent: Indicates how long
                                       council can continue paying its
                                       day-to-day expenses from cash
                                       at bank without needing
                                       additional cash flows
                                      Target: > 3 months
                                      Target Date: Ongoing
                                      Result: 11.9 months
                                      Comment: Council is forecast
                                       to remain above target for the
                                       financial year and remain
                                       fiscally flexible to accommodate
                                       unforeseen events. Peaks will
                                       occur following rating periods

Asset Sustainability Ratio            Intent: Measures the extent to
                                       which assets are being replaced
                                       as their condition degrades to
                                       ensure service potential is
                                       maintained
                                      Target: 90% of depreciation
                                       budget spent on renewals
                                       annually
                                      Target Date: 30 June
                                      Result: In line with budget
                                      Comment: The actual result will
                                       progressively increase each
                                       month as expenditure on
                                       renewal projects occurs.
Net Financial Liabilities Ratio       Intent: Outlines the level that
                                       net Council debt can be
                                       serviced by operating revenues.
                                       A ratio below zero implies that
                                       liabilities are less than cash
                                       (and other current assets) and
                                       there is adequate borrowing
                                       capacity available if needed.
                                      Target: less than 60%
                                      Target Date: Ongoing
                                      Result: (45.9%)
                                      Comment: Council has low
                                       debt levels and strong cash
                                       holdings reflected in the YTD
                                       result.




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