Financial Performance Report – June 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                            17 JULY 2023




Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding
performance noting the early stage of the financial year.

 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: 8.0%
                                                                   •   Comment: Strong sales,
                                                                       increased interest and grant
                                                                       revenue,           operational
                                                                       savings, unspent levies and
                                                                       grants have contributed
                                                                       toward a positive interim
                                                                       annual result.
 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. Note this is calculated
                                                                       based on total cash, and
                                                                       includes both restricted and
                                                                       unrestricted             cash
                                                                       components.