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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

Expenses per property assessment

Amount of council expenditure for each property

Horsham Rural City (2019-2020)

$4,499.42

Similar Councils (2019-2020)

$3,766.03

All Councils (2019-2020)

$3,402.81

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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 $4,499.42 $3,766.03 $3,402.81
2020-2021 $4,614.46 $3,761.90 $3,387.06
2021-2022 $4,201.46 $3,759.74 $3,325.18
2022-2023 $4,202.46 $3,779.48 $3,361.73
2023-2024 $4,203.15 $3,800.08 $3,407.05

Horsham Rural City Council Says...

Average rate per property assessment

Amount of rates charged on average for each property. New indicator from July 2019. Please refer to retired indicators link for previous results.

Horsham Rural City (2019-2020)

$2,015.17

Similar Councils (2019-2020)

$1,904.35

All Councils (2019-2020)

$1,774.72

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2019-2020 $2,015.17 $1,904.35 $1,774.72
2020-2021 $1,900.77 $1,936.23 $1,800.94
2021-2022 $1,945.85 $1,969.72 $1,837.61
2022-2023 $1,993.08 $2,016.83 $1,871.38
2023-2024 $2,042.46 $2,049.21 $1,905.41

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 (2019-2020)

218.62%

Similar Councils (2019-2020)

224.06%

All Councils (2019-2020)

291.35%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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 218.62% 224.06% 291.35%
2020-2021 280.35% 204.32% 256.19%
2021-2022 269.64% 177.65% 237.21%
2022-2023 283.06% 183.26% 233.01%
2023-2024 265.84% 175.15% 230.24%

Horsham Rural City Council Says...

Changes in accounting standards requires Council to recognise some grants received in advance as unearned income. This increased current liabilities by $5m resulting in an unfavourable variance.

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 (2019-2020)

-18.35%

Similar Councils (2019-2020)

84.40%

All Councils (2019-2020)

88.99%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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 -18.35% 84.40% 88.99%
2020-2021 17.80% 100.97% 125.03%
2021-2022 35.04% 78.28% 113.21%
2022-2023 35.53% 80.65% 107.84%
2023-2024 30.43% 77.58% 103.97%

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 terms deposits are held. Forecast figures reflect a return to a more consistent unrestricted cash balance.

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 (2019-2020)

17.75%

Similar Councils (2019-2020)

29.14%

All Councils (2019-2020)

15.03%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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 17.75% 29.14% 15.03%
2020-2021 15.55% 41.25% 20.35%
2021-2022 14.64% 40.03% 20.87%
2022-2023 22.20% 36.44% 20.76%
2023-2024 36.72% 34.55% 19.72%

Horsham Rural City Council Says...

Council did not draw down any new loans during 2020FY which has resulted in a decreased ratio and 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 (2019-2020)

2.59%

Similar Councils (2019-2020)

4.87%

All Councils (2019-2020)

4.73%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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% 4.87% 4.73%
2020-2021 2.37% 4.37% 3.19%
2021-2022 1.03% 5.79% 4.00%
2022-2023 0.57% 6.83% 3.18%
2023-2024 1.45% 4.86% 2.76%

Horsham Rural City Council Says...

This trend is the result of continued repayment of existing loans, until such time as Council increases its external loan borrowings.

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 (2019-2020)

22.94%

Similar Councils (2019-2020)

38.18%

All Councils (2019-2020)

21.38%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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 22.94% 38.18% 21.38%
2020-2021 23.12% 41.60% 23.21%
2021-2022 26.27% 38.86% 23.31%
2022-2023 26.92% 37.07% 22.91%
2023-2024 34.86% 34.86% 21.93%

Horsham Rural City Council Says...

This trend is the result of continued repayment of existing loans, until such time as Council increases its external loan borrowings.

Asset renewal and asset upgrade as a percentage of depreciation

Expenditure on renewing existing assets or upgrading assets divided by the amount of depreciation on all assets. New indicator from July 2019. Please refer to retired indicators link for previous results.

Horsham Rural City (2019-2020)

89.47%

Similar Councils (2019-2020)

100.59%

All Councils (2019-2020)

115.25%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
2019-2020 89.47% 100.59% 115.25%
2020-2021 105.90% 108.04% 145.11%
2021-2022 88.00% 92.17% 127.27%
2022-2023 89.76% 88.46% 117.87%
2023-2024 122.66% 99.89% 111.75%

Horsham Rural City Council Says...

Council intends to continue its focus on asset renewal over the longer term.

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 (2019-2020)

-8.60%

Similar Councils (2019-2020)

-1.56%

All Councils (2019-2020)

-0.05%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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 -8.60% -1.56% -0.05%
2020-2021 -7.81% -3.00% -3.27%
2021-2022 -4.99% -0.60% 1.69%
2022-2023 -6.41% -0.41% 1.90%
2023-2024 -3.81% 0.56% 2.22%

Horsham Rural City Council Says...

A large one off grant of $5m was recognised in 2019FY accounts resulting in a significant improved result for that year. From 2021FY and onwards, the adjusted deficit will remain around -6 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 (2019-2020)

55.63%

Similar Councils (2019-2020)

60.88%

All Councils (2019-2020)

61.87%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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 55.63% 60.88% 61.87%
2020-2021 51.25% 63.40% 64.72%
2021-2022 56.51% 62.90% 64.15%
2022-2023 58.81% 64.10% 64.63%
2023-2024 58.96% 64.34% 64.81%

Horsham Rural City Council Says...

Significant capital grant funding is budgeted in 2021FY.

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 (2019-2020)

0.60%

Similar Councils (2019-2020)

0.60%

All Councils (2019-2020)

0.41%

Performance Trend

Reporting Period Horsham Rural City Similar Councils All Councils
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% 0.60% 0.41%
2020-2021 0.60% 0.59% 0.40%
2021-2022 0.61% 0.60% 0.41%
2022-2023 0.60% 0.61% 0.41%
2023-2024 0.60% 0.62% 0.42%

Horsham Rural City Council Says...