ANNUAL PERFORMANCE REPORT INCLUDING Q4 OPERATIONAL PLAN 2023-24 PROGRESS REPORT · Attachment 2 - Q4 Operational Plan Progress Report-KPI Graphs Final

OUR FINANCES

OUR FINANCES Measure Investment return 0.25% above benchmark (UBS Bank Bill index) Measure Rate arrears ratio <5% Purpose Performance of invested ratepayer funds Purpose §_ Measures the efficiency of Council's collection of rates and charges 1.6% b% 14% 1.2% 10% 1.0% 0.8% 0.6% 5% 0.4% 0.2% 0.0% 0% July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June mmm 2023/24 = 2022/23 mmm 2021/22 Mmmm 2023/24 ———= 2022/23 —— 2021/22 Comment Comment Interest rates and long-term bond rates are stable but may start to decline with Rates arrears are in line with performance for the previous 6 and 12 monthly cycles. inflationary pressures as such Council has invested surplus cash into higher yielding Where appropriate recovery action will be taken. term deposits to maximise returns on its cash holdings. Council has consistently achieved returns above target (0.25% above the Bloomberg bond rate June 2024: 4.36%).