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Indigo Shire

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

Indigo Shire (2018-2019)

$3,319.86

Similar Councils (2018-2019)

$3,870.37

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 $3,624.30 $3,258.69 $2,949.21
2016-2017 $3,222.91 $3,532.45 $3,076.54
2017-2018 $3,352.43 $3,703.08 $3,173.85
2018-2019 $3,319.86 $3,870.37 $3,322.88
2019-2020 $3,343.27 $3,685.66 $3,247.86
2020-2021 $3,299.97 $3,670.89 $3,248.25
2021-2022 $3,406.42 $3,718.44 $3,283.87
2022-2023 $3,503.38 $3,794.25 $3,335.79

Indigo Shire 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)

Indigo Shire (2018-2019)

214.81%

Similar Councils (2018-2019)

377.97%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 128.94% 271.75% 241.76%
2016-2017 246.47% 349.54% 293.07%
2017-2018 200.15% 362.28% 317.53%
2018-2019 214.81% 377.97% 319.74%
2019-2020 88.08% 276.34% 250.74%
2020-2021 93.47% 259.47% 227.10%
2021-2022 98.20% 256.73% 228.98%
2022-2023 100.46% 254.26% 236.93%

Indigo Shire Council Says...

Working capital in 2019/20 has decreased because Council has only included 50% of the financial assistance grant to be received for the 2019/20 year, with no expectation of advanced payment being received for future years allocation.

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)

Indigo Shire (2018-2019)

71.18%

Similar Councils (2018-2019)

119.80%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 61.88% 126.02% 95.85%
2016-2017 134.66% 134.61% 96.18%
2017-2018 92.31% 128.11% 101.05%
2018-2019 71.18% 119.80% 94.27%
2019-2020 40.57% 167.22% 138.87%
2020-2021 49.80% 155.47% 123.19%
2021-2022 57.13% 150.02% 121.11%
2022-2023 61.62% 148.96% 125.13%

Indigo Shire Council Says...

The 2018 result includes recurrent grant Department of Health & Human Services for aged care services which were no longer being delivered in 2019.

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

Indigo Shire (2018-2019)

14.98%

Similar Councils (2018-2019)

10.89%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 27.63% 16.18% 22.66%
2016-2017 23.22% 14.32% 20.75%
2017-2018 19.08% 12.17% 18.05%
2018-2019 14.98% 10.89% 16.44%
2019-2020 13.85% 7.76% 18.18%
2020-2021 13.03% 7.99% 18.97%
2021-2022 9.55% 5.67% 18.12%
2022-2023 6.59% 5.04% 16.91%

Indigo Shire Council Says...

Continued repayment of loans in accordance with loan agreement.

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

Indigo Shire (2018-2019)

4.21%

Similar Councils (2018-2019)

1.74%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 5.34% 3.94% 4.60%
2016-2017 4.92% 3.23% 3.62%
2017-2018 4.37% 2.23% 3.38%
2018-2019 4.21% 1.74% 2.68%
2019-2020 4.27% 4.80% 4.46%
2020-2021 4.07% 1.60% 2.54%
2021-2022 3.70% 2.68% 4.23%
2022-2023 3.12% 1.40% 2.88%

Indigo Shire 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

Indigo Shire (2018-2019)

29.47%

Similar Councils (2018-2019)

14.38%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 38.01% 20.50% 24.65%
2016-2017 36.26% 18.15% 22.64%
2017-2018 31.59% 17.66% 20.63%
2018-2019 29.47% 14.38% 17.93%
2019-2020 27.81% 14.14% 20.75%
2020-2021 27.47% 12.83% 19.58%
2021-2022 25.19% 11.68% 19.64%
2022-2023 23.42% 11.05% 18.92%

Indigo Shire 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

Indigo Shire (2018-2019)

-3.68%

Similar Councils (2018-2019)

1.24%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 -10.18% -8.06% -1.22%
2016-2017 11.08% 8.16% 9.00%
2017-2018 3.04% -1.34% 4.80%
2018-2019 -3.68% 1.24% 4.24%
2019-2020 -11.30% -7.21% 0.50%
2020-2021 0.79% -2.01% 2.94%
2021-2022 -0.77% -1.86% 3.32%
2022-2023 -1.81% -1.54% 4.54%

Indigo Shire Council Says...

Underlying result fluctuates over the future years because there are significant non recurrent grant funding expected to be received for major capital works project in the coming years.

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

Indigo Shire (2018-2019)

56.58%

Similar Councils (2018-2019)

51.11%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 53.51% 57.71% 63.99%
2016-2017 48.56% 47.44% 57.59%
2017-2018 51.90% 51.93% 59.55%
2018-2019 56.58% 51.11% 59.45%
2019-2020 62.41% 58.40% 64.05%
2020-2021 57.49% 57.33% 63.74%
2021-2022 57.70% 57.80% 64.23%
2022-2023 57.82% 57.89% 64.09%

Indigo 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

Indigo Shire (2018-2019)

0.47%

Similar Councils (2018-2019)

0.55%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Indigo Shire Similar Councils All Councils
2015-2016 0.54% 0.60% 0.53%
2016-2017 0.53% 0.59% 0.45%
2017-2018 0.54% 0.61% 0.46%
2018-2019 0.47% 0.55% 0.42%
2019-2020 0.47% 0.53% 0.42%
2020-2021 0.47% 0.54% 0.42%
2021-2022 0.47% 0.55% 0.43%
2022-2023 0.47% 0.55% 0.43%

Indigo Shire Council Says...

2019 property valuations increased significantly