2019-04-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                15 APRIL 2019


Previous Council Consideration

The 2018/19 original budget was adopted by Council resolution on 6 July 2018 (Ref. Special
Meeting Minutes, 6 July 2018, Item 3, Page 3).

Ordinary Meeting Minutes, 16 August 2018, Item 6, Page 12
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 13 August 2018 and approve the proposed changes to the budget for the 2018/19
financial year as outlined in the Revised Budget Financial Statements attached to the report.

Ordinary Meeting Minutes, 15 November 2018, Item 8, Page 20
That Council note the report by the Manager Financial Services to the General Committee
Meeting dated 12 November 2018 and approve the proposed changes to the budget for the
2018/19 financial year as outlined in the Revised Budget Financial Statements attached to the
report.


Finance
Council’s 2018/19 budgeted financial sustainability ratios will all remain within the benchmark
ranges as per the table below.

Ratio                          Target Original Budget            BR1          BR2          BR3
Operating Surplus             0 – 10%           0.2%            0.0%          0.0%        1.5%
Net Financial Liabilities      < 60%           (0.4%)           1.9%         (7.4%)      (8.0%)
Asset Sustainability           > 90%          114.6%          120.7%        119.9%      132.4%




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.




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