10 Financial Performance Report - Apr 2025

GENERAL COMMITTEE MEETING                              12 MAY 2025


Category                     Comments
                                  operational expenses, to ensure
                                  community       equity   is   not
                                  degraded
                                • Target: Greater than 0%
                                • Result: 16.6%
                                • Comment: With the second
                                  rates cycle occurring in January,
                                  this ratio will slowly decline as
                                  expenditure      on    operations
                                  occurs through to the end of the
                                  financial year at 30 June 2025.

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
                                 • Target: > 3 months
                                 • Result: 11.8 months
                                  • Comment: Council is forecast
                                       to remain above target for the
                                       financial year. Business as
                                       usual expenditure through to 30
                                       June 2025 will continue to
                                       diminish     Council’s     cash
                                       holdings, albeit not below the
                                       target range of 3 – 6 months.
                                Cash reserves also include working
                                capital requirements and funding for
                                capital programs, unspent grant
                                monies paid in advance, Waste Levy
                                subsidy prepayments and QRA
                                advance payments for disaster
                                projects which are restricted for
                                specific purposes and inflate the
                                ratio.

Asset Sustainability Ratio       •   Intent: Measures the extent to
                                     which assets are being replaced
                                     as their condition degrades to
                                     ensure service potential is
                                     maintained
                                 •   Target: 80% of depreciation
                                     budget spent on renewals
                                     annually
                                 •   Result: 66.3%         achieved,
                                     however below forecast result
                                     due to project delays and
                                     scheduling.
                                 •   Comment: The       ratio    will
                                     progressively increase each
                                     month as expenditure on
                                     renewals occurs as part of the
                                     capital works program. For
                                     transparency QRA disaster
                                     projects have been excluded
                                     from          the          ratio
                                     calculations.   Should capital