2019-12-10 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                            10 DECEMBER 2019


Cash and Debt

The graph below shows Council’s cash and debt holdings as at June 2019 compared to the
previous 4 years. Both cash and debt levels decreased during 2018/19 due primarily to the one
off $10 million repayment made on debt inherited at de-amalgamation (noting however that
Council’s net cash position increased by 3.8 million compared to 2017/18).

 Council’s net financial liabilities ratio of -13.8% improved from the previous year (-12.6%) and
 remains well within the Queensland government benchmark of not greater than 60%.


Given ongoing uncertainty moving forward regarding potential federal and state funding levels for
local government, and climate change implications on Council operations and infrastructure
requirements, it is prudent that capacity is maintained within cash and debt balances to manage
any unexpected (or expected once known) shocks.

Figure 5: Cash and Debt Comparison ($m)
 $70

 $60

 $50

 $40

 $30

 $20

 $10

  $0
             2015




                              2016




                                            2017




                                                          2018




                                                                 2019




                                     Cash          Debt


Previous Council Consideration

Ordinary Meeting, 17 November 2016, Item 2, Page 10
That Council note the report by the Director Corporate Services to the Services & Organisation
Committee Meeting dated 11 December 2018 providing a summary of Council’s financial
performance against the 2017/18 budget.

Finance
Refer to the report detail.

Risks & Opportunities
Council’s financial sustainability risks are managed through appropriate financial modelling,
annual build from base budgeting, budget management and via regular reporting of performance
to identify any areas of concern.




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