Meeting papers

GENERAL COMMITTEE MEETING                                                               17 JUNE 2024


 Category                                                         Comments
                                                                           investment       returns
                                                                           remain above target.
 Rates in Arrears                                                      •   Intent: Ensuring that the
                                                                           amount of unpaid rates
                                                                           remains sustainable and
                                                                           does not negatively impact
                                                                           cash flows
                                                                       •   Target: 5%           industry
                                                                           benchmark
                                                                       •   Result: 6.5%
                                                                       •   Comment: Rates        arrears
                                                                           continue to decline from the
                                                                           high point in the cycle with
                                                                           payments coming due in
                                                                           February. Reminder notices
                                                                           were issued in March and
                                                                           arrears will continue to
                                                                           stabilise through to June as
                                                                           they are collected, and
                                                                           payment        arrangements
                                                                           implemented.


Link to Corporate Plan

Theme No. 5. - Excellence
This theme focuses on customer experience, financial sustainability, innovation and technology,
levels of service, governance, our employees and volunteers, funding streams and asset
management practices.


Objective 5.2 - Continue to deliver a financially sustainable Council that has the resources now and
into the future to achieve its strategic objectives. This will be supported through the introduction of
enhanced sustainability reporting and performance indicators, as well as ESG (environment social
and governance) accounting practices as guided by statutory requirements.


Previous Council Consideration
Nil


Finance
As above




Risk & Opportunities
Council’s risk register identifies a number of risks that could impact on its ongoing financial
sustainability. In order to manage and mitigate these risks Council uses various tools which include
monthly ongoing financial reporting to identify and address emerging issues, conservative budgeting,
compliance with the Financial Sustainability Policy, regular budget reviews, effective liquidity
management to ensure sufficient fiscal flexibility, as well as adhering to the Reserves and Restricted




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