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Horsham 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

Horsham Rural City (2018-2019)

$1,871.78

Similar Councils (2018-2019)

$1,807.13

All Councils (2018-2019)

$1,669.82

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 $1,711.33 $1,620.59 $1,524.82
2016-2017 $1,787.00 $1,705.38 $1,571.58
2017-2018 $1,844.89 $1,777.11 $1,625.06
2018-2019 $1,871.78 $1,807.13 $1,669.82
2019-2020 $1,898.67 $1,855.33 $1,708.62
2020-2021 $1,925.56 $1,881.04 $1,743.39
2021-2022 $1,952.44 $1,911.12 $1,780.84
2022-2023 $1,979.33 $1,950.46 $1,818.86

Horsham Rural City Council Says...

Expenses per property assessment

Amount of council expenditure for each property

Horsham Rural City (2018-2019)

$4,482.75

Similar Councils (2018-2019)

$3,644.55

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 $3,759.00 $3,342.08 $2,949.21
2016-2017 $3,813.08 $3,459.28 $3,076.54
2017-2018 $4,171.50 $3,548.13 $3,173.85
2018-2019 $4,482.75 $3,644.55 $3,322.88
2019-2020 $4,523.83 $3,668.34 $3,247.86
2020-2021 $3,818.38 $3,653.04 $3,248.25
2021-2022 $3,866.23 $3,683.91 $3,283.87
2022-2023 $3,933.46 $3,743.31 $3,335.79

Horsham 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

Horsham Rural City (2018-2019)

13.68%

Similar Councils (2018-2019)

12.76%

All Councils (2018-2019)

14.07%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 8.92% 11.72% 11.56%
2016-2017 10.76% 11.36% 12.10%
2017-2018 11.53% 11.89% 13.20%
2018-2019 13.68% 12.76% 14.07%
2019-2020 8.28% 9.59% 10.28%
2020-2021 8.28% 9.64% 10.09%
2021-2022 8.28% 9.68% 10.11%
2022-2023 8.28% 9.71% 10.03%

Horsham Rural City Council Says...

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)

Horsham Rural City (2018-2019)

423.13%

Similar Councils (2018-2019)

292.26%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 245.39% 207.95% 241.76%
2016-2017 298.41% 242.76% 293.07%
2017-2018 337.55% 276.00% 317.53%
2018-2019 423.13% 292.26% 319.74%
2019-2020 247.66% 190.23% 250.74%
2020-2021 252.26% 167.79% 227.10%
2021-2022 237.64% 176.16% 228.98%
2022-2023 240.08% 189.54% 236.93%

Horsham Rural City Council Says...

A large cash balance was held at 30th June due to $5 million grant being received on 26th June 2019 for a program to commence in 2019-2020.

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)

Horsham Rural City (2018-2019)

-32.23%

Similar Councils (2018-2019)

72.41%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 76.63% 89.16% 95.85%
2016-2017 36.24% 65.79% 96.18%
2017-2018 11.04% 80.04% 101.05%
2018-2019 -32.23% 72.41% 94.27%
2019-2020 -1.37% 94.57% 138.87%
2020-2021 -9.31% 78.38% 123.19%
2021-2022 -14.00% 81.33% 121.11%
2022-2023 -5.95% 90.72% 125.13%

Horsham Rural City Council Says...

Taking advantage of longer term deposits directly affects unrestricted cash held, this is reflected in year-end figures where high levels of long term deposits are held. Forecast figures reflect a return to a more consistent unrestricted cash balance.

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

Horsham Rural City (2018-2019)

59.85%

Similar Councils (2018-2019)

72.67%

All Councils (2018-2019)

86.80%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 72.90% 73.72% 76.33%
2016-2017 77.70% 76.69% 77.30%
2017-2018 82.79% 72.90% 78.86%
2018-2019 59.85% 72.67% 86.80%
2019-2020 88.44% 79.37% 100.63%
2020-2021 84.76% 70.05% 88.32%
2021-2022 73.66% 67.28% 86.34%
2022-2023 103.73% 71.37% 84.91%

Horsham Rural City Council Says...

Whilst 80 percent of capital expenditure was spent on asset renewal in 2019, a large increase in depreciation expense due to infrastructure asset revaluations has reduced the asset renewal ratio.

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

Horsham Rural City (2018-2019)

20.20%

Similar Councils (2018-2019)

28.77%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 28.50% 35.42% 22.66%
2016-2017 25.38% 33.39% 20.75%
2017-2018 22.85% 30.01% 18.05%
2018-2019 20.20% 28.77% 16.44%
2019-2020 17.80% 34.52% 18.18%
2020-2021 15.60% 36.37% 18.97%
2021-2022 22.10% 36.12% 18.12%
2022-2023 37.58% 33.85% 16.91%

Horsham Rural City Council Says...

Council did not draw down any new loans during 2018-2019 year which has resulted in a decreased ratio and therefore showing a favourable variance. This trend will continue until Council increases its external loan borrowings.

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

Horsham Rural City (2018-2019)

2.81%

Similar Councils (2018-2019)

4.10%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 2.87% 5.93% 4.60%
2016-2017 3.04% 5.21% 3.62%
2017-2018 2.90% 4.39% 3.38%
2018-2019 2.81% 4.10% 2.68%
2019-2020 2.59% 5.47% 4.46%
2020-2021 2.37% 5.18% 2.54%
2021-2022 1.04% 7.20% 4.23%
2022-2023 1.46% 5.51% 2.88%

Horsham Rural City Council Says...

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

Horsham Rural City (2018-2019)

24.77%

Similar Councils (2018-2019)

32.64%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 27.13% 36.59% 24.65%
2016-2017 27.68% 35.78% 22.64%
2017-2018 25.58% 33.47% 20.63%
2018-2019 24.77% 32.64% 17.93%
2019-2020 22.88% 35.59% 20.75%
2020-2021 21.05% 34.45% 19.58%
2021-2022 24.69% 34.83% 19.64%
2022-2023 37.54% 33.14% 18.92%

Horsham Rural City Council Says...

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

Horsham Rural City (2018-2019)

-2.56%

Similar Councils (2018-2019)

2.49%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 -11.01% -4.03% -1.22%
2016-2017 6.43% 3.52% 9.00%
2017-2018 -3.20% 2.73% 4.80%
2018-2019 -2.56% 2.49% 4.24%
2019-2020 -4.02% 0.06% 0.50%
2020-2021 -3.41% 0.06% 2.94%
2021-2022 -2.91% 0.65% 3.32%
2022-2023 -3.82% 0.62% 4.54%

Horsham Rural City Council Says...

A large non-recurrent operating grant of $5m was received on 26th June 2019 resulting in a significant improved result for 2018-2019. In future years, the adjusted deficit will remain around -4 percent.

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

Horsham Rural City (2018-2019)

50.88%

Similar Councils (2018-2019)

58.77%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 58.38% 62.26% 63.99%
2016-2017 50.94% 57.82% 57.59%
2017-2018 52.97% 58.38% 59.55%
2018-2019 50.88% 58.77% 59.45%
2019-2020 52.83% 62.12% 64.05%
2020-2021 59.21% 62.71% 63.74%
2021-2022 59.78% 63.20% 64.23%
2022-2023 60.90% 63.73% 64.09%

Horsham 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

Horsham Rural City (2018-2019)

0.60%

Similar Councils (2018-2019)

0.61%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2015-2016 0.65% 0.64% 0.53%
2016-2017 0.61% 0.63% 0.45%
2017-2018 0.62% 0.64% 0.46%
2018-2019 0.60% 0.61% 0.42%
2019-2020 0.60% 0.61% 0.42%
2020-2021 0.61% 0.62% 0.42%
2021-2022 0.62% 0.63% 0.43%
2022-2023 0.62% 0.64% 0.43%

Horsham Rural City Council Says...