2020-12-14 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                    14 DECEMBER 2020


    Finance
    The financial sustainability ratios for asset sustainability and net financial liabilities are
    forecast to meet the benchmark targets under the revised BR2 budget for 2020/21; however
    the operating surplus ratio will continue to fall below the target range.
    Ratio                             Target           Original Budget      BR1                BR2
    Operating Surplus                 0 – 10%                (1.9%)        (2.3%)            (3.0%)
    Net Financial Liabilities             < 60%             (11.1%)        (6.3%)            (8.5%)
    Asset Sustainability                  > 90%              87.5%         101.5%            100.1%




    Risks & Opportunities
    Risks
    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.
    Consultation
    External Consultation - Community & Stakeholder
    Nil.
    Internal Consultation
    Financial Services have been in contact with all Council branches. Directors of each
    department have reviewed endorsed all submissions received. The Executive Team has also
    reviewed and endorsed all submissions received.
    Departments/Sections Consulted:

     x     Chief Executive Officer    x     Community Services                      x   Corporate Services
           Executive Officer                Community Development                   x   Financial Services
           Executive Support                Community Facilities                        ICT
                                            Libraries & Galleries                       Procurement & Fleet
                                            Local Law s                                 Property
                                            Waste & Environmental Health                Revenue Services

     x     Executive Services         x     Environment & Sustainable Development   x   Infrastructure Services
           Community Engagement             Building & Plumbing Services                Asset Management
           Customer Service                 Development Assessment                      Buildings and Facilities
           Governance                       Economic Development                        Civil Operations
           People and Culture               Environmental Services                      Disaster Management
                                            Strategic Land Use Planning                 Infrastructure Planning,
                                                                                        Design and Delivery

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