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Golden Plains Shire

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

Golden Plains Shire (2018-2019)

$2,014.78

Similar Councils (2018-2019)

$1,731.02

All Councils (2018-2019)

$1,669.82

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 $1,741.54 $1,581.60 $1,524.82
2016-2017 $1,824.45 $1,639.54 $1,571.58
2017-2018 $1,896.58 $1,683.11 $1,625.06
2018-2019 $2,014.78 $1,731.02 $1,669.82
2019-2020 $2,091.00 $1,752.95 $1,708.62
2020-2021 $2,185.10 $1,786.84 $1,743.39
2021-2022 $2,283.42 $1,824.02 $1,780.84
2022-2023 $2,386.18 $1,858.64 $1,818.86

Golden Plains Shire Council Says...

Council's forecast future rate increases are based on the 2019/20 rate cap increase limit of 2.5%

Expenses per property assessment

Amount of council expenditure for each property

Golden Plains Shire (2018-2019)

$3,480.27

Similar Councils (2018-2019)

$3,542.34

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 $3,513.48 $3,134.02 $2,949.21
2016-2017 $3,612.18 $3,274.34 $3,076.54
2017-2018 $3,438.54 $3,308.02 $3,173.85
2018-2019 $3,480.27 $3,542.34 $3,322.88
2019-2020 $3,818.73 $3,363.36 $3,247.86
2020-2021 $3,693.91 $3,353.52 $3,248.25
2021-2022 $3,791.55 $3,403.99 $3,283.87
2022-2023 $3,924.45 $3,457.76 $3,335.79

Golden Plains Shire Council Says...

Council has budgeted for a one year only increase in road maintenance expenditure in 2019-20. This is to improve the quality of Council's road network. This "one off" expenditure increase in 2019-20 will mean that Council's expenditure per assessment is higher than perviously forecast in this period.

Percentage of staff turnover

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

Golden Plains Shire (2018-2019)

22.43%

Similar Councils (2018-2019)

14.63%

All Councils (2018-2019)

14.07%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 11.84% 12.51% 11.56%
2016-2017 12.96% 12.91% 12.10%
2017-2018 16.27% 14.30% 13.20%
2018-2019 22.43% 14.63% 14.07%
2019-2020 15.08% 11.02% 10.28%
2020-2021 15.15% 10.73% 10.09%
2021-2022 15.00% 10.80% 10.11%
2022-2023 14.85% 10.84% 10.03%

Golden Plains Shire Council Says...

The number of staff resignations tend to vary from year to year.

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)

Golden Plains Shire (2018-2019)

170.06%

Similar Councils (2018-2019)

310.29%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 218.93% 224.99% 241.76%
2016-2017 234.41% 269.52% 293.07%
2017-2018 249.48% 306.83% 317.53%
2018-2019 170.06% 310.29% 319.74%
2019-2020 276.88% 235.66% 250.74%
2020-2021 293.72% 216.08% 227.10%
2021-2022 339.52% 215.00% 228.98%
2022-2023 277.41% 220.48% 236.93%

Golden Plains Shire Council Says...

Loan of $5 million for the new Golden Plains Community Civic Centre was not taken up during 2018/19 as a result of timing in receiving approvals to commence construction.

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)

Golden Plains Shire (2018-2019)

119.29%

Similar Councils (2018-2019)

88.99%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 113.94% 78.30% 95.85%
2016-2017 136.75% 107.42% 96.18%
2017-2018 163.53% 115.91% 101.05%
2018-2019 119.29% 88.99% 94.27%
2019-2020 206.76% 145.79% 138.87%
2020-2021 224.78% 134.21% 123.19%
2021-2022 271.17% 132.74% 121.11%
2022-2023 217.76% 136.32% 125.13%

Golden Plains Shire Council Says...

Higher cash balance due to the timing of some capital works projects commencing later than forecast.� Current liabilities have increased due to reclassification of loans maturing in 2019-20 from non-current to current. New loans will be taken-up when these loans mature.

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

Golden Plains Shire (2018-2019)

55.67%

Similar Councils (2018-2019)

101.43%

All Councils (2018-2019)

86.80%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 84.54% 83.64% 76.33%
2016-2017 71.40% 80.41% 77.30%
2017-2018 75.35% 83.38% 78.86%
2018-2019 55.67% 101.43% 86.80%
2019-2020 51.44% 104.62% 100.63%
2020-2021 71.52% 92.72% 88.32%
2021-2022 78.12% 92.45% 86.34%
2022-2023 90.11% 91.86% 84.91%

Golden Plains Shire Council Says...

Some council capital works projects commencing later than forecast. This has impacted on the level of renewal expenditure in 2018/19.

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

Golden Plains Shire (2018-2019)

33.36%

Similar Councils (2018-2019)

17.22%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 38.78% 23.59% 22.66%
2016-2017 36.42% 22.08% 20.75%
2017-2018 36.95% 19.16% 18.05%
2018-2019 33.36% 17.22% 16.44%
2019-2020 61.45% 21.71% 18.18%
2020-2021 58.34% 22.56% 18.97%
2021-2022 55.97% 20.36% 18.12%
2022-2023 53.91% 19.81% 16.91%

Golden Plains Shire Council Says...

Council is currently utilising interest only loans within the Municipal Association of Victoria Local Government Funding Vehicle. An investment fund has been established to meet the future principle repayments. The first major principal repayment is scheduled for 2019-20.

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

Golden Plains Shire (2018-2019)

2.60%

Similar Councils (2018-2019)

3.11%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 3.45% 4.34% 4.60%
2016-2017 3.26% 3.61% 3.62%
2017-2018 2.69% 4.01% 3.38%
2018-2019 2.60% 3.11% 2.68%
2019-2020 13.43% 5.52% 4.46%
2020-2021 2.91% 2.49% 2.54%
2021-2022 2.41% 4.55% 4.23%
2022-2023 2.20% 2.73% 2.88%

Golden Plains Shire Council Says...

Council's 2019-20 forecast loan repayment percentage is higher than other years as Council has a loan rollovers scheduled in this year. New loans will be taken-up when these loans mature.

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

Golden Plains Shire (2018-2019)

12.05%

Similar Councils (2018-2019)

22.53%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 37.65% 30.59% 24.65%
2016-2017 40.72% 29.19% 22.64%
2017-2018 37.73% 26.25% 20.63%
2018-2019 12.05% 22.53% 17.93%
2019-2020 63.37% 28.08% 20.75%
2020-2021 54.23% 26.11% 19.58%
2021-2022 51.55% 25.19% 19.64%
2022-2023 46.53% 24.84% 18.92%

Golden Plains Shire Council Says...

Loan of $5 million for the new Golden Plains Community Civic Centre was not taken up during 2018/19 as a result of timing in receiving approvals to commence construction.

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

Golden Plains Shire (2018-2019)

5.05%

Similar Councils (2018-2019)

1.94%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 -3.48% -5.76% -1.22%
2016-2017 6.85% 6.87% 9.00%
2017-2018 5.04% 3.23% 4.80%
2018-2019 5.05% 1.94% 4.24%
2019-2020 -4.53% -0.96% 0.50%
2020-2021 6.82% 1.98% 2.94%
2021-2022 6.97% 2.35% 3.32%
2022-2023 6.36% 6.45% 4.54%

Golden Plains Shire Council Says...

Council has budgeted for a one year only increase in road maintenance expenditure in 2019-20. This is to improve the quality of Council's road network. This "one off" expenditure increase in 2019-20 will mean that Council has a underlying deficit result in this year In 2020/21 and subsequence years Council returns to achieving underlying surplus results.

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

Golden Plains Shire (2018-2019)

56.84%

Similar Councils (2018-2019)

57.22%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 54.85% 63.58% 63.99%
2016-2017 49.74% 55.52% 57.59%
2017-2018 54.54% 58.49% 59.55%
2018-2019 56.84% 57.22% 59.45%
2019-2020 58.77% 62.75% 64.05%
2020-2021 56.59% 62.35% 63.74%
2021-2022 57.24% 62.68% 64.23%
2022-2023 57.80% 61.26% 64.09%

Golden Plains Shire 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

Golden Plains Shire (2018-2019)

0.49%

Similar Councils (2018-2019)

0.48%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Golden Plains Shire Similar Councils All Councils
2015-2016 0.50% 0.51% 0.53%
2016-2017 0.50% 0.51% 0.45%
2017-2018 0.50% 0.51% 0.46%
2018-2019 0.49% 0.48% 0.42%
2019-2020 0.43% 0.47% 0.42%
2020-2021 0.44% 0.47% 0.42%
2021-2022 0.45% 0.47% 0.43%
2022-2023 0.46% 0.47% 0.43%

Golden Plains Shire Council Says...