2022-05-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                       16 MAY 2022


    Category                          Comments
    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
                                       Result: Below budget
                                       Comment: The capital
                                        works program has been
                                        impacted by flood events
                                        and ongoing supply chain
                                        issues which has result in
                                        delays in the delivery of the
                                        capital program. This ratio
                                        will continue to increase
                                        each month as expenditure
                                        on renewals continues
                                        however it may fall short of
                                        the target as at 30 June
                                        2022.
    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%
                                       Result: -45%
                                       Comment: Council has low
                                        debt levels and strong cash
                                        holdings.




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