Meeting papers

GENERAL COMMITTEE MEETING                                                           14 AUGUST 2023


A summary of the YTD operational performance of these business activities at 31 July 2023 is
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                           8.5         8.6        0.1          0.3        0.4          0.1
 Expenditure                       1.5         1.5        0.0          0.2        0.2          0.0
 Net Operating                     7.0         7.1        0.1          0.1        0.2          0.1
 Position

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

Figure 1: Actual Performance Compared to Budget




Council’s performance against key measures of financial sustainability has been calculated as
at July 2023. 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%        0.1%           78.6%         On Track
 Net Financial Liabilities Ratio          <60%         -6.8%         -173.9%        On Track
 Cash Cover Ratio                        3 months    9.1 months    12.9 months      On Track
 Asset Sustainability Ratio               > 90%       145.7%          3.8%          On Track




RECOMMENDATION
That Council note the report by the Manager Financial Services (Acting) to the General Committee
Meeting dated 14 August 2023 outlining July 2023 year to date financial performance against budget,
including changes to the financial performance report with the inclusion of key financial sustainability
indicators.




                                                                                                Page 388 of 476