2019-09-16 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                      16 SEPTEMBER 2019


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%
                                      Result: 60.3%
                                      Comment: The high ratio reflects the
                                        levying of rates in July and gradual
                                        degrade as expenditure occurs during
                                        August to December 2019




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
                                      Result: 11.6 months
                                      Comment: Council is at the top of the
                                        cash cycle following rates and levies
                                        payments received in August, and is
                                        forecast to remain well above target
                                        for the financial year whilst remaining
                                        financially flexible to accommodate
                                        unforeseen events
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
                                      Result: Slightly under budget
                                      Comment: The capital program has
                                        only just commenced. It is expected
                                        that the ratio will progressively
                                        increase each month as expenditure
                                        on renewals occurs.




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