Meeting papers

GENERAL COMMITTEE MEETING                                                              17 JUNE 2024




Council elected to apply National Competition Policy (NCP) reforms to its Waste Management and
Holiday Parks which provides greater transparency and assists with removing anti-competitive
conduct and ensures the best allocation of Councils limited resources. A summary of the YTD
operational performance of these business activities are outlined below.

                                       Waste Operations                      Holiday Parks
                                   Budget   Actual   Variance         Budget     Actual    Variance
                                     YTD      YTD         YTD           YTD        YTD          YTD
                                      $m       $m          $m            $m         $m           $m
 Revenue                             23.3     23.9         0.6           3.8        4.4          0.6
 Expenditure                         19.1     18.3         0.8           3.1        3.3          0.2
 Net Operating Position               4.2      5.6         1.4           0.7        1.1          0.4


Financial statements including Statement of Income & Expenditure, Statement of Financial Position
(balance sheet), and Statement of Cash Flows are included as attachments as further information
for Council.

Figure 1: Actual Performance Compared to Budget




Council’s performance against key measures of financial sustainability has been calculated as at
May 2024. These statutory indicators enable the reader to assess Council’s success in managing its
budget, cash and debt as well as undertaking sustainable asset management. The table below
contains a snapshot of a number of key measures, with full detail included in the report.


 YTD Measures of Financial Sustainability

                                                           Current
                                              Target                     Actual YTD       Status
                                                           Budget
 Operating Surplus Ratio                       0-10%         0.2%           10.7%        On Track
 Net Financial Liabilities Ratio               <60%         -0.3%          -15.5%        On Track
 Cash Cover Ratio                            3 months    9.4 months      12.0 months     On Track
 Asset Sustainability Ratio                    > 90%       132.7%           80.3%         Behind




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