04 Financial Performance Report - Oct 2021

GENERAL COMMITTEE MEETING AGENDA                                                                                                                   15 NOVEMBER 2021


    Category                                                                                                                                 Comments
    Rates in Arrears                                                                                                                          Intent: Ensuring that the
                                                                                                                                               amount of unpaid rates
                                                 12.0%
        Percentage of Annual Rates in Arrears


                                                                                                                              10.2%            remains sustainable and
                                                 10.0%                            9.5%                                                         does not negatively
                                                                                                                                               impact cash flows
                                                                                           7.4%                                       7.3%
                                                  8.0%
                                                                                                                                              Target: 5% industry
                                                         6.0% 5.8% 5.7%                           6.2%
                                                  6.0%
                                                                                                         5.7%
                                                                                                                5.2%
                                                                                                                                               benchmark
                                                                           5.0%
                                                                                                                       4.6%
                                                                                                                                              Result: 7.3%
                                                  4.0%
                                                                                                                                              Comment: Rates arrears
                                                  2.0%
                                                                                                                                               continue to decline from
                                                                                                                                               the high point in the cycle
                                                  0.0%                                                                                         with payments coming
                                                         Nov   Dec   Jan   Feb    Mar       Apr   May    Jun    Jul    Aug    Sep     Oct      due in September.
                                                                                  Actual           Target
                                                                                                                                               Reminder notices were
                                                                                                                                               issued in October, and
                                                                                                                                               arrears will continue to
                                                                                                                                               stabilise through to
                                                                                                                                               January as they are
                                                                                                                                               collected and payment
                                                                                                                                               arrangements
                                                                                                                                               implemented.

   Previous Council Consideration
   Nil.
   Finance
   As above.
   Risks & Opportunities
   Council’s risk register includes a number of risks that could impact on ongoing financial
   sustainability. Effective budget management and reporting is an important risk mitigation tool.
   Consultation
   External Consultation - Community & Stakeholder
   Nil.
   Internal Consultation
   All areas of Council are consulted as part of the regular monitoring of budget performance.
   Departments/Sections Consulted:
    X                                           Chief Executive Officer           X        Community Services                                     X   Corporate Services
                                                Executive Officer                          Director                                               X   Director
                                                Executive Support                          Community Development                                  X   Financial Services
                                                                                           Community Facilities                                       ICT
                                                                                           Libraries & Galleries                                      Procurement & Fleet
                                                                                           Local Laws                                                 Property
                                                                                           Waste & Environmental Health                               Revenue Services

    X                                           Executive Services                X        Environment & Sustainable Development                  X   Infrastructure Services
                                                Director                                   Director                                                   Director
                                                Community Engagement                       Building & Plumbing Services                               Asset Management
                                                Customer Service                           Development Assessment                                     Buildings and Facilities
                                                Governance                                 Economic Development                                       Civil Operations
                                                People and Culture                         Environmental Services                                     Disaster Management
                                                                                           Strategic Land Use Planning                                Infrastructure Planning,
                                                                                                                                                      Design and Delivery