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Ararat Rural City

Profile Performance

Provision of relevant information about the effectiveness of financial management in local government including efficiency, liquidity, obligations, operating position and stability

Average residential rate per residential property assessment

Amount of rates charged on average for each residential property

Ararat Rural City (2018-2019)

$1,777.60

Similar Councils (2018-2019)

$1,452.56

All Councils (2018-2019)

$1,669.82

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 $1,745.81 $1,328.95 $1,524.82
2016-2017 $1,769.60 $1,353.74 $1,571.58
2017-2018 $1,823.40 $1,426.28 $1,625.06
2018-2019 $1,777.60 $1,452.56 $1,669.82
2019-2020 $1,843.40 $1,501.05 $1,708.62
2020-2021 $1,890.20 $1,536.90 $1,743.39
2021-2022 $1,938.00 $1,573.22 $1,780.84
2022-2023 $1,987.00 $1,611.85 $1,818.86

Ararat Rural City Council Says...

The 2018 revaluation reflected a significant increase in property values for the farming sector (Average 24.5%). There were also changes to the rating differential applied to industrial and commercial properties. The result was a decrease in total rate contribution from residential properties.

Expenses per property assessment

Amount of council expenditure for each property

Ararat Rural City (2018-2019)

$4,312.14

Similar Councils (2018-2019)

$3,870.37

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 $3,719.51 $3,258.69 $2,949.21
2016-2017 $4,029.29 $3,532.45 $3,076.54
2017-2018 $4,252.86 $3,703.08 $3,173.85
2018-2019 $4,312.14 $3,870.37 $3,322.88
2019-2020 $4,074.14 $3,685.66 $3,247.86
2020-2021 $3,902.00 $3,670.89 $3,248.25
2021-2022 $3,955.57 $3,718.44 $3,283.87
2022-2023 $4,050.71 $3,794.25 $3,335.79

Ararat Rural City Council Says...

Percentage of staff turnover

Number of staff resignations and terminations divided by the average number of staff employed for the year

Ararat Rural City (2018-2019)

10.37%

Similar Councils (2018-2019)

15.00%

All Councils (2018-2019)

14.07%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 8.94% 11.26% 11.56%
2016-2017 7.20% 12.63% 12.10%
2017-2018 13.82% 14.00% 13.20%
2018-2019 10.37% 15.00% 14.07%
2019-2020 10.41% 10.30% 10.28%
2020-2021 10.81% 9.74% 10.09%
2021-2022 7.87% 9.53% 10.11%
2022-2023 7.87% 9.27% 10.03%

Ararat Rural City Council Says...

This remains in the expected reporting range within this framework. Council would expect to see this rate increase in future years with 16% staff turnover indicated as an average for high performing organisations.

Current assets as a percentage of current liabilities

Value of current assets at the end of the year (i.e. assets that can easily be converted to cash within 12 months) divided by the value of current liabilities at the end of year (i.e. obligations due or payable by cash within the next 12 months)

Ararat Rural City (2018-2019)

421.69%

Similar Councils (2018-2019)

377.97%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 383.61% 271.75% 241.76%
2016-2017 421.55% 349.54% 293.07%
2017-2018 473.39% 362.28% 317.53%
2018-2019 421.69% 377.97% 319.74%
2019-2020 307.60% 276.34% 250.74%
2020-2021 215.83% 259.47% 227.10%
2021-2022 289.68% 256.73% 228.98%
2022-2023 298.38% 254.26% 236.93%

Ararat Rural City Council Says...

The favourable result in 2018 was assisted by current liabilities being $1.031 million less than as at 30 June 2017. The budget for 2020 includes a $2.8 million reduction in cash & cash equivalents to help fund a $2.4 million increase in capital works.

Unrestricted cash as a percentage of current liabilities

Amount of cash at the end of the year which is free of restrictions divided by the value of current liabilities at the end of year (i.e. obligations due or payable by cash within the next 12 months)

Ararat Rural City (2018-2019)

196.80%

Similar Councils (2018-2019)

119.80%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 238.80% 126.02% 95.85%
2016-2017 272.73% 134.61% 96.18%
2017-2018 273.62% 128.11% 101.05%
2018-2019 196.80% 119.80% 94.27%
2019-2020 228.89% 167.22% 138.87%
2020-2021 163.42% 155.47% 123.19%
2021-2022 211.22% 150.02% 121.11%
2022-2023 220.09% 148.96% 125.13%

Ararat Rural City Council Says...

The variance in 2019 was expected as Council used unrestricted cash to complete major works at the Ararat Town Hall.

Asset renewal as a percentage of depreciation

Expenditure on renewing existing assets or replacing existing assets to their original capability divided by the amount of depreciation on all assets

Ararat Rural City (2018-2019)

93.92%

Similar Councils (2018-2019)

83.27%

All Councils (2018-2019)

86.80%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 67.29% 72.91% 76.33%
2016-2017 51.29% 70.32% 77.30%
2017-2018 54.79% 77.48% 78.86%
2018-2019 93.92% 83.27% 86.80%
2019-2020 118.36% 112.38% 100.63%
2020-2021 92.57% 84.30% 88.32%
2021-2022 93.22% 82.07% 86.34%
2022-2023 93.91% 80.01% 84.91%

Ararat Rural City Council Says...

During 2018/2019 Council completed the $8.5 million redevelopment of the Ararat Town Hall. Savings achieved in operations and maintenance in 2019 have been reinvested in asset renewal in future years.

Loans and borrowings as a percentage of rates

Value of interest bearing loans and borrowings at the end of the year divided by rates raised for the year

Ararat Rural City (2018-2019)

17.79%

Similar Councils (2018-2019)

10.89%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 13.10% 16.18% 22.66%
2016-2017 12.50% 14.32% 20.75%
2017-2018 12.35% 12.17% 18.05%
2018-2019 17.79% 10.89% 16.44%
2019-2020 16.41% 7.76% 18.18%
2020-2021 15.34% 7.99% 18.97%
2021-2022 3.28% 5.67% 18.12%
2022-2023 2.45% 5.04% 16.91%

Ararat Rural City Council Says...

The result for 2019 includes a new loan of $1 million and 2022 includes a repayment of another loan of $2 million

Loans and borrowings repayments as a percentage of rates

Interest bearing loan and borrowing repayments for the year divided by rates raised for the year

Ararat Rural City (2018-2019)

0.78%

Similar Councils (2018-2019)

1.74%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 1.02% 3.94% 4.60%
2016-2017 0.58% 3.23% 3.62%
2017-2018 0.75% 2.23% 3.38%
2018-2019 0.78% 1.74% 2.68%
2019-2020 1.64% 4.80% 4.46%
2020-2021 1.41% 1.60% 2.54%
2021-2022 12.38% 2.68% 4.23%
2022-2023 0.86% 1.40% 2.88%

Ararat Rural City Council Says...

The forecast result for 2022 includes a repayment of a $2 million loan.

Non-current liabilities as a percentage of own source revenue

Value of non-current liabilities at the end of year (i.e. obligations not due or payable by cash within the next 12 months) divided by total revenue excluding government grants, contributions for capital works and the value of assets received from developers

Ararat Rural City (2018-2019)

16.51%

Similar Councils (2018-2019)

14.38%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 12.51% 20.50% 24.65%
2016-2017 12.01% 18.15% 22.64%
2017-2018 12.42% 17.66% 20.63%
2018-2019 16.51% 14.38% 17.93%
2019-2020 15.82% 14.14% 20.75%
2020-2021 4.64% 12.83% 19.58%
2021-2022 3.84% 11.68% 19.64%
2022-2023 3.04% 11.05% 18.92%

Ararat Rural City Council Says...

The result for 2019 includes a new loan of $1 million and 2022 includes a repayment of another loan of $2 million

Adjusted underlying surplus (or deficit) as a percentage of underlying revenue

Surplus or deficit for the year excluding non-recurrent government grants received for capital purposes, contributions for capital works and the value of assets received from developers divided by total revenue excluding non-recurrent government grants received for capital purposes, contributions for capital works and the value of assets received from developers

Ararat Rural City (2018-2019)

-0.66%

Similar Councils (2018-2019)

1.24%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 -13.97% -8.06% -1.22%
2016-2017 3.90% 8.16% 9.00%
2017-2018 -5.69% -1.34% 4.80%
2018-2019 -0.66% 1.24% 4.24%
2019-2020 -0.82% -7.21% 0.50%
2020-2021 4.90% -2.01% 2.94%
2021-2022 5.06% -1.86% 3.32%
2022-2023 4.26% -1.54% 4.54%

Ararat Rural City Council Says...

Council received a $1.5 million non-recurrent grant for Natural Disaster Relief in 2018/19. There is no allowance for non-recurrent capital grants from 2021 to 2023.

Rates as a percentage of adjusted underlying revenue

Rates raised for the year divided by total revenue excluding non-recurrent government grants received for capital purposes, contributions for capital works and the value of assets received from developers

Ararat Rural City (2018-2019)

56.78%

Similar Councils (2018-2019)

51.11%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 65.74% 57.71% 63.99%
2016-2017 54.52% 47.44% 57.59%
2017-2018 59.04% 51.93% 59.55%
2018-2019 56.78% 51.11% 59.45%
2019-2020 61.80% 58.40% 64.05%
2020-2021 62.08% 57.33% 63.74%
2021-2022 62.36% 57.80% 64.23%
2022-2023 62.64% 57.89% 64.09%

Ararat Rural City Council Says...

Rates as a percentage of property values in municipality

Rates raised for the year divided by the total capital improved value (i.e. market value) of all rateable properties

Ararat Rural City (2018-2019)

0.62%

Similar Councils (2018-2019)

0.55%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Ararat Rural City Similar Councils All Councils
2015-2016 0.69% 0.60% 0.53%
2016-2017 0.68% 0.59% 0.45%
2017-2018 0.71% 0.61% 0.46%
2018-2019 0.62% 0.55% 0.42%
2019-2020 0.61% 0.53% 0.42%
2020-2021 0.61% 0.54% 0.42%
2021-2022 0.61% 0.55% 0.43%
2022-2023 0.61% 0.55% 0.43%

Ararat Rural City Council Says...

This indicator measures the amount of income received from rates as a percentage of the total value of properties within the municipality. In 2018 the revaluation of all preoperties resulted in an increase in overall value of 16.5%. The increase in total rate revenue was 0%. This has resulte in an increase in overall capital improved value with no increase in income from rates.