2021-08-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                                                                                                     16 AUGUST 2021


Category                                                                                                                                                                           Comments
Operating Surplus Ratio                                                                                                                                                               Intent: Identifies the extent to
                                     90% 82.5%                                                                                                                                         which revenues cover operational
                                     80%
                                                                                                                                                                                       expenses, to ensure community
                                                                                                                                                                                       equity is not degraded
                                     70%
                                                                                                                                                                                      Target: 0 – 10%
                                     60%
                                                                                                                                                                                      Result: 82.5%
                                     50%
                                     40%
                                                                                                                                                                                      Comment: The high ratio reflects
                                                                                                                                                                                       the levying of rates in July, which
                                     30%
                                                                                                                                                                                       will degrade as expenditure
                                     20%
                                                                                                                                                                                       occurs on operations through the
                                     10%
                                                           #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A                                                                      financial year to 30 June 2022
                                      0%
                                                Jul        Aug        Sep        Oct        Nov       Dec        Jan        Feb        Mar        Apr        May        Jun


                                                                 Actual                                 Budget                                      Target


Cash Expense Cover                                                                                                                                                                    Intent: Indicates how long council
                                     14.0                                                                                                                                              can continue paying its day-to-
                                                                                                                 12.5       12.2                                                       day expenses from cash at bank
 Months (Cash to Cover Operations)




                                                11.5                                                                                   11.6
                                     12.0                  11.1       10.7                                                                        10.9                                 without needing additional cash
                                                                                 10.1                                                                        10.1       10.4
                                                                                                      9.7                                                                              flows
                                     10.0                                                   9.1
                                                                                                                                                                                      Target: > 3 months
                                      8.0
                                                                                                                                                                                      Result: 10.4 months
                                      6.0
                                                                                                                                                                                      Comment: Whilst current cash
                                      4.0                                                                                                                                              cover remains above target,
                                                                                                                                                                                       business as usual expenditure
                                      2.0
                                                                                                                                                                                       through to 30 June 2022 will
                                       -               -          -          -          -         -          -          -          -          -          -          -          -       degrade Council’s cash holdings,
                                                Aug        Sep        Oct        Nov        Dec       Jan        Feb        Mar        Apr        May        Jun        Jul            albeit not below the target range
                                                           Actual                                                                 Minimum (>0 months)                                  of 3 – 6 months.
                                                           Target (3 months)                                                      Maximum (6 months)

Asset Sustainability Ratio                                                                                                                                                            Intent: Measures the extent to
                                     120%                                                                                                                                              which assets are being replaced
                                                                                                                                                                    107.8%
                                                                                                                                                                                       as their condition degrades to
                                     100%                                                                                                                                              ensure service potential is
                                                                                                                                                                         90%           maintained
                                      80%
                                                                                                                                                                                      Target: 90% of depreciation
                                      60%
                                                                                                                                                                                       budget spent on renewals
                                                                                                                                                                                       annually
                                      40%                                                                                                                                             Result: In line with budget
                                                                                                                                                                                      Comment: The capital program
                                      20%
                                                                                                                                                                                       has only just commenced. It is
                                                 1%         0%         0%         0%        0%        0%         0%         0%         0%         0%         0%         0%
                                           0%                                                                                                                                          expected that the ratio will
                                                 Jul        Aug       Sep        Oct        Nov       Dec        Jan        Feb        Mar        Apr        May        Jun            progressively     increase   each
                                                                                                                                                                                       month     as     expenditure   on
                                                 Actual Renewal Spend (%)                                   Target (%)                    Renewals Budget (%)
                                                                                                                                                                                       renewals occurs.




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