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2022-12-12 General Committee Meeting Agenda
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GENERAL COMMITTEE MEETING AGENDA 12 DECEMBER 2022
Category Comments
Rates in Arrears • Intent: Ensuring that the
amount of unpaid rates
14.0%
Percentage of Annual Rates in Arrears
11.7% remains sustainable and does
12.0% 10.8%
9.9% not negatively impact cash
10.0% flows
8.0%
6.0% 5.8%
7.1%
6.3% 5.8%
7.1%
6.1% • Target: 5% industry
5.5%
6.0% 4.8% benchmark
4.0% • Result: 5.5%
2.0% • Comment: Rates arrears
0.0% continue to decline from the
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov high point in the cycle with
payments coming due in
Actual Target
August. Reminder notices
have been issued, 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 identifies a number of risks that could impact on its ongoing financial
sustainability. In order to manage and mitigate these risks Council uses various tools which include
monthly ongoing financial reporting to identify and address emerging issues, conservative
budgeting, compliance with the Financial Sustainability Policy, regular budget reviews, effective
liquidity management to ensure sufficient fiscal flexibility, as well as adhering to the Reserves and
Restricted Cash policy which requires that Council maintains both a disaster management reserve
and a minimum 3 months cash cover to fund emergent matters.
Some examples of potential risks that may impact on Council’s operational performance, capital
program delivery, cashflow and cash reserves include:
• Substantial damage to or failure of Council infrastructure due to natural disaster or other
emergent issue that may require significant unplanned investment;
• Closure of Council facilities due to ongoing Covid 19 restrictions;
• A prolonged IT system failure affecting Council’s ability to deliver services or issue rates
notices;
• Economic conditions affecting ratepayers’ ability to pay rates;
• Market driven increases in construction and operational costs significantly above estimates;
• Labour and material shortages and delays.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
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