2020-06-15 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                      15 JUNE 2020


Category                           Comments
Operating Surplus Ratio               Intent: Identifies the extent to
                                       which revenues cover
                                       operational expenses, to ensure
                                       community equity is not
                                       degraded
                                      Target: 0 – 10%
                                      Target Date: 30 June
                                      Result: 8.8%
                                      Comment: The ratio will decline
                                       further in June 2020 as the last
                                       of the January rates are
                                       expended on the delivery of
                                       Council services, and COVID-
                                       19 pandemic financial impacts
                                       are realised
Cash Expense Cover                    Intent: Indicates how long
                                       council can continue paying its
                                       day-to-day expenses from cash
                                       at bank without needing
                                       additional cash flows
                                      Target: > 3 months
                                      Target Date: Ongoing
                                      Result: 9.4 months
                                      Comment: Whilst current cash
                                       cover remains above target,
                                       business as usual expenditure
                                       and COVID-19 pandemic
                                       financial impacts through to 30
                                       June 2020 will degrade
                                       Council’s cash holdings, albeit
                                       not below the target range of 3
                                       months.
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
                                      Target Date: 30 June
                                      Result: Slightly under budget
                                      Comment: The actual result will
                                       progressively increase each
                                       month as expenditure on
                                       renewal projects occurs




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