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Boroondara 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

Boroondara City (2018-2019)

$2,314.30

Similar Councils (2018-2019)

$1,670.64

All Councils (2018-2019)

$1,669.82

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 $2,152.75 $1,538.99 $1,524.82
2016-2017 $2,200.15 $1,564.95 $1,571.58
2017-2018 $2,233.55 $1,607.36 $1,625.06
2018-2019 $2,314.30 $1,670.64 $1,669.82
2019-2020 $2,390.70 $1,685.62 $1,708.62
2020-2021 $2,448.80 $1,717.82 $1,743.39
2021-2022 $2,507.95 $1,747.10 $1,780.84
2022-2023 $2,568.19 $1,781.49 $1,818.86

Boroondara City Council Says...

Expenses per property assessment

Amount of council expenditure for each property

Boroondara City (2018-2019)

$2,722.79

Similar Councils (2018-2019)

$2,717.81

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 $2,421.81 $2,472.81 $2,949.21
2016-2017 $2,600.78 $2,517.44 $3,076.54
2017-2018 $2,578.45 $2,605.13 $3,173.85
2018-2019 $2,722.79 $2,717.81 $3,322.88
2019-2020 $2,953.02 $2,728.93 $3,247.86
2020-2021 $3,076.51 $2,751.83 $3,248.25
2021-2022 $3,150.66 $2,776.95 $3,283.87
2022-2023 $3,096.95 $2,815.62 $3,335.79

Boroondara City Council Says...

Percentage of staff turnover

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

Boroondara City (2018-2019)

8.13%

Similar Councils (2018-2019)

13.45%

All Councils (2018-2019)

14.07%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 12.61% 11.26% 11.56%
2016-2017 12.11% 11.80% 12.10%
2017-2018 11.37% 11.94% 13.20%
2018-2019 8.13% 13.45% 14.07%
2019-2020 11.00% 10.97% 10.28%
2020-2021 12.00% 10.95% 10.09%
2021-2022 15.00% 11.10% 10.11%
2022-2023 12.00% 10.97% 10.03%

Boroondara City Council Says...

The variance is partially attributable to changes in operating models arising from service review as well as normal variances in departures. Forecast based on planned operational efficiency improvements.

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)

Boroondara City (2018-2019)

300.81%

Similar Councils (2018-2019)

271.25%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 243.59% 224.65% 241.76%
2016-2017 284.19% 258.38% 293.07%
2017-2018 235.51% 277.19% 317.53%
2018-2019 300.81% 271.25% 319.74%
2019-2020 252.57% 228.63% 250.74%
2020-2021 164.47% 192.77% 227.10%
2021-2022 133.04% 188.71% 228.98%
2022-2023 146.75% 196.32% 236.93%

Boroondara City Council Says...

The 2018-19 working capital is higher compared to previous year due to reduction in current liabilities - interest-bearing loans and borrowings. A 20 year loan was refinanced in 2014-15 and repaid in full in 2018-19. The reduction in working capital in 2021-22 is due to the movement of Council's loans to current liabilities due to full loan payment scheduled for 2022-23 and Council's continued investment in priority projects including the Boroondara Customer First Program.

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)

Boroondara City (2018-2019)

160.63%

Similar Councils (2018-2019)

94.64%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 53.51% 87.78% 95.85%
2016-2017 31.51% 66.92% 96.18%
2017-2018 -7.36% 79.81% 101.05%
2018-2019 160.63% 94.64% 94.27%
2019-2020 182.00% 115.30% 138.87%
2020-2021 93.95% 93.97% 123.19%
2021-2022 84.53% 87.76% 121.11%
2022-2023 82.26% 95.80% 125.13%

Boroondara City Council Says...

The increase in unrestricted cash is due to timing and classification of investments held at 30 June 2019. At the end of 30 June 2019 Council held higher amounts invested with a maturity date less than three months of $88.33 million compared to 2018-19 of $7.82 million. For 2019-20 onwards, Council does not forecast the level of funds held in greater than 90 day maturity term deposits. Hence prior years actual are not comparable with forecast years.

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

Boroondara City (2018-2019)

133.55%

Similar Councils (2018-2019)

94.82%

All Councils (2018-2019)

86.80%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 137.21% 85.90% 76.33%
2016-2017 117.56% 91.75% 77.30%
2017-2018 137.69% 90.39% 78.86%
2018-2019 133.55% 94.82% 86.80%
2019-2020 110.40% 112.38% 100.63%
2020-2021 152.64% 106.78% 88.32%
2021-2022 152.96% 103.96% 86.34%
2022-2023 117.81% 97.82% 84.91%

Boroondara City Council Says...

Based on Asset Renewal budgets and the timing of major projects. Increase in 2020-21 & 2021-22 due to planned major project expenditure.

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

Boroondara City (2018-2019)

14.72%

Similar Councils (2018-2019)

14.57%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 33.09% 20.42% 22.66%
2016-2017 29.61% 18.25% 20.75%
2017-2018 26.19% 15.69% 18.05%
2018-2019 14.72% 14.57% 16.44%
2019-2020 13.24% 15.64% 18.18%
2020-2021 12.18% 16.18% 18.97%
2021-2022 37.46% 17.32% 18.12%
2022-2023 28.25% 15.97% 16.91%

Boroondara City Council Says...

The decrease in 2018-19 is due to the retirement of existing debt. A 20 year loan refinanced in 2014-15 was repaid in full in 2018-19. Council proposes to borrow $52 million in 2022 and $8 million in 2023 to fund significant infrastructure projects.

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

Boroondara City (2018-2019)

11.28%

Similar Councils (2018-2019)

2.35%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 4.12% 3.37% 4.60%
2016-2017 3.99% 3.05% 3.62%
2017-2018 3.87% 2.97% 3.38%
2018-2019 11.28% 2.35% 2.68%
2019-2020 1.56% 3.22% 4.46%
2020-2021 1.53% 1.93% 2.54%
2021-2022 2.02% 4.25% 4.23%
2022-2023 13.19% 2.97% 2.88%

Boroondara City Council Says...

The increase in 2018-19 is due to Council retiring existing debt. A 20 year loan refinanced in 2014-15 was repaid in full in 2018-19. Council proposed to borrow $52 million in 2022 and $8 million in 2023 to fund significant infrastructure projects.

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

Boroondara City (2018-2019)

13.43%

Similar Councils (2018-2019)

10.49%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 26.08% 16.36% 24.65%
2016-2017 23.34% 14.00% 22.64%
2017-2018 14.28% 12.16% 20.63%
2018-2019 13.43% 10.49% 17.93%
2019-2020 11.99% 12.84% 20.75%
2020-2021 11.06% 11.67% 19.58%
2021-2022 22.39% 13.56% 19.64%
2022-2023 22.75% 12.96% 18.92%

Boroondara City Council Says...

The reduction shows the scheduled and planned repayment of principal on Council's existing borrowings and proposed borrowings in 2022 ($52 million) and 2023 ($8 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

Boroondara City (2018-2019)

9.66%

Similar Councils (2018-2019)

9.09%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 14.19% 8.78% -1.22%
2016-2017 11.19% 12.63% 9.00%
2017-2018 12.66% 10.20% 4.80%
2018-2019 9.66% 9.09% 4.24%
2019-2020 4.10% 6.65% 0.50%
2020-2021 2.55% 7.75% 2.94%
2021-2022 1.83% 7.90% 3.32%
2022-2023 5.68% 8.31% 4.54%

Boroondara City Council Says...

The forecast result is due to the continued investment in priority projects including the Boroondara Customer First Program. These costs are expensed rather than capitalised and therefore impact Council's reported surplus. The result indicates Council is in a sustainable operating position which is required to fund renewal capital works in the municipality.

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

Boroondara City (2018-2019)

76.23%

Similar Councils (2018-2019)

65.52%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 75.76% 67.51% 63.99%
2016-2017 74.16% 65.08% 57.59%
2017-2018 74.91% 65.51% 59.55%
2018-2019 76.23% 65.52% 59.45%
2019-2020 77.77% 68.58% 64.05%
2020-2021 76.74% 68.43% 63.74%
2021-2022 77.24% 68.83% 64.23%
2022-2023 77.25% 68.90% 64.09%

Boroondara 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

Boroondara City (2018-2019)

0.14%

Similar Councils (2018-2019)

0.21%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Boroondara City Similar Councils All Councils
2015-2016 0.15% 0.48% 0.53%
2016-2017 0.16% 0.24% 0.45%
2017-2018 0.16% 0.25% 0.46%
2018-2019 0.14% 0.21% 0.42%
2019-2020 0.17% 0.23% 0.42%
2020-2021 0.17% 0.23% 0.42%
2021-2022 0.17% 0.23% 0.43%
2022-2023 0.17% 0.23% 0.43%

Boroondara City Council Says...

The general revaluation as at January 2018 was a significant change in property valuations with an overall increase of 15.87%. The general revaluation as at January 2019 showed a decrease of 11.0% which affected the rate in the dollar for 2019-20.