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Mitchell 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

Mitchell Shire (2018-2019)

$1,946.17

Similar Councils (2018-2019)

$1,731.02

All Councils (2018-2019)

$1,669.82

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 $1,805.45 $1,581.60 $1,524.82
2016-2017 $1,840.00 $1,639.54 $1,571.58
2017-2018 $1,845.56 $1,683.11 $1,625.06
2018-2019 $1,946.17 $1,731.02 $1,669.82
2019-2020 $1,852.75 $1,752.95 $1,708.62
2020-2021 $1,808.62 $1,786.84 $1,743.39
2021-2022 $1,844.81 $1,824.02 $1,780.84
2022-2023 $1,796.18 $1,858.64 $1,818.86

Mitchell Shire Council Says...

The 2018/19 rate increase was in line with the State Government rate cap, and forward projections for this indicator are based on maintaining consistency with it. Rate rises are set on an annual basis. The number of residential properties is difficult to project in Mitchell's growth environment.

Expenses per property assessment

Amount of council expenditure for each property

Mitchell Shire (2018-2019)

$3,013.44

Similar Councils (2018-2019)

$3,542.34

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 $3,052.38 $3,134.02 $2,949.21
2016-2017 $2,909.68 $3,274.34 $3,076.54
2017-2018 $3,179.65 $3,308.02 $3,173.85
2018-2019 $3,013.44 $3,542.34 $3,322.88
2019-2020 $2,987.23 $3,363.36 $3,247.86
2020-2021 $3,005.04 $3,353.52 $3,248.25
2021-2022 $3,113.22 $3,403.99 $3,283.87
2022-2023 $3,123.13 $3,457.76 $3,335.79

Mitchell Shire Council Says...

The result for 2018/19 reflects Council's focus to improve financial sustainability in the medium to long term.

Percentage of staff turnover

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

Mitchell Shire (2018-2019)

14.86%

Similar Councils (2018-2019)

14.63%

All Councils (2018-2019)

14.07%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 20.54% 12.51% 11.56%
2016-2017 18.41% 12.91% 12.10%
2017-2018 12.70% 14.30% 13.20%
2018-2019 14.86% 14.63% 14.07%
2019-2020 13.86% 11.02% 10.28%
2020-2021 13.82% 10.73% 10.09%
2021-2022 13.62% 10.80% 10.11%
2022-2023 13.69% 10.84% 10.03%

Mitchell Shire Council Says...

Staff turnover has increased by 2.16% in 2018/19 financial year to 14.86%, from a low of 12.70% in 2017/18 financial year. This was only slightly more than anticipated, and we have maintained a turnover rate relative to our forecast 14%. After a peak turnover of 20.54% in 2015/16, the implementation of the One Mitchell positive culture project in 2016/17 financial year has resulted in numerous benefits and improvements across the organisation, and this continues to positively influence our turnover rate. Stability within the Leadership Team has improved the organisation's capacity to respond to issues and reinforce the positive reasons why staff have chosen to make a difference at Mitchell Shire Council.

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)

Mitchell Shire (2018-2019)

382.12%

Similar Councils (2018-2019)

310.29%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 189.96% 224.99% 241.76%
2016-2017 257.32% 269.52% 293.07%
2017-2018 278.69% 306.83% 317.53%
2018-2019 382.12% 310.29% 319.74%
2019-2020 238.11% 235.66% 250.74%
2020-2021 237.37% 216.08% 227.10%
2021-2022 218.47% 215.00% 228.98%
2022-2023 270.25% 220.48% 236.93%

Mitchell Shire Council Says...

Current assets will sufficiently cover Council operations and current liabilities. At 30 June 2019, current assets include cash held for capital works of $8.56M which skews the year end result.

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)

Mitchell Shire (2018-2019)

-112.19%

Similar Councils (2018-2019)

88.99%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 39.14% 78.30% 95.85%
2016-2017 108.10% 107.42% 96.18%
2017-2018 121.92% 115.91% 101.05%
2018-2019 -112.19% 88.99% 94.27%
2019-2020 197.13% 145.79% 138.87%
2020-2021 197.17% 134.21% 123.19%
2021-2022 184.35% 132.74% 121.11%
2022-2023 230.57% 136.32% 125.13%

Mitchell Shire Council Says...

Council's Unrestricted Cash does not take into account $4.00M held in term deposit with a maturity date after 30 June 2020. Also, based on definitions per LGPRF, we have excluded Other Financial Assets (investments with maturities greater than 90 days totalling $35M) from the Cash and Cash Equivalents resulting in a negative ratio.

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

Mitchell Shire (2018-2019)

107.87%

Similar Councils (2018-2019)

101.43%

All Councils (2018-2019)

86.80%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 34.95% 83.64% 76.33%
2016-2017 53.49% 80.41% 77.30%
2017-2018 61.40% 83.38% 78.86%
2018-2019 107.87% 101.43% 86.80%
2019-2020 81.43% 104.62% 100.63%
2020-2021 78.39% 92.72% 88.32%
2021-2022 73.04% 92.45% 86.34%
2022-2023 79.95% 91.86% 84.91%

Mitchell Shire Council Says...

Michell has had a focus on working towards an improvement to the asset renewal spend. Contributing to the increase is $5.53M renewal spend on carry forwards project from 2017/18 into 2018/19. This indicator shows whether Council is spending sufficient funds on the renewal of existing assets and is one of the key priority areas for improvement in Council's long term financial plan. Mitchell Shire Council is faced with the challenge of renewing assets whilst experiencing growth, which necessitates the investment in new assets. Improving Council's asset renewal gap remains a challenge for future years.

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

Mitchell Shire (2018-2019)

32.95%

Similar Councils (2018-2019)

17.22%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 36.81% 23.59% 22.66%
2016-2017 46.14% 22.08% 20.75%
2017-2018 39.51% 19.16% 18.05%
2018-2019 32.95% 17.22% 16.44%
2019-2020 31.53% 21.71% 18.18%
2020-2021 28.93% 22.56% 18.97%
2021-2022 28.13% 20.36% 18.12%
2022-2023 22.08% 19.81% 16.91%

Mitchell Shire Council Says...

Council's current year's result of 32.95% is within the expected range for this measure as per the Council's Loan Borrowing Policy, which is 0 - 60%. This is down from a peak in 2016/17 caused by the planned strategic land purchase in the south of the shire represents $5.4M in borrowings which was deferred from 2015/16 into 2016/17. That result of 46.14% was also within the expected range for this measure as per the Council's Loan Borrowing Policy.

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

Mitchell Shire (2018-2019)

5.78%

Similar Councils (2018-2019)

3.11%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 6.37% 4.34% 4.60%
2016-2017 5.32% 3.61% 3.62%
2017-2018 6.24% 4.01% 3.38%
2018-2019 5.78% 3.11% 2.68%
2019-2020 5.86% 5.52% 4.46%
2020-2021 6.10% 2.49% 2.54%
2021-2022 6.19% 4.55% 4.23%
2022-2023 13.00% 2.73% 2.88%

Mitchell Shire Council Says...

No new borrowings were taken out during 2018/19. Debt servicing costs are in line with current loan borrowing schedules.

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

Mitchell Shire (2018-2019)

33.53%

Similar Councils (2018-2019)

22.53%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 41.00% 30.59% 24.65%
2016-2017 41.86% 29.19% 22.64%
2017-2018 31.60% 26.25% 20.63%
2018-2019 33.53% 22.53% 17.93%
2019-2020 29.84% 28.08% 20.75%
2020-2021 24.29% 26.11% 19.58%
2021-2022 19.42% 25.19% 19.64%
2022-2023 17.91% 24.84% 18.92%

Mitchell Shire Council Says...

The unfavourable result is mainly due to a prior period adjustment affecting 2017/18 relating to non-current provision liability of after-care landfill rehabilitation costs. The improvement over the forecasted four-year period is due to reduced non-current liabilities and Council's ability to increase own-source revenue.

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

Mitchell Shire (2018-2019)

11.71%

Similar Councils (2018-2019)

1.94%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 -13.43% -5.76% -1.22%
2016-2017 12.19% 6.87% 9.00%
2017-2018 2.06% 3.23% 4.80%
2018-2019 11.71% 1.94% 4.24%
2019-2020 9.48% -0.96% 0.50%
2020-2021 7.13% 1.98% 2.94%
2021-2022 7.70% 2.35% 3.32%
2022-2023 7.83% 6.45% 4.54%

Mitchell Shire Council Says...

The 2018/19 underlying surplus is impacted the one-off timing effect of the prepayment of 2019/20 Financial Assistance Grant of $3.90M in June 2019, and the $1.12M in grant funding received in advance relating to projects and program delivery during 2019/20 financial year. These two items account for approximately 6.42% of the adjusted underlying result. Therefore, without the prepayment of income the adjusted underlying result would have been a 6.18% The adjusted underlying result is an indicator of the sustainable operating result required to enable Council to continue to provide core services and meet its objectives. Council is focused on achieving a sustainable adjusted underlying surplus in the medium to long term.

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

Mitchell Shire (2018-2019)

59.41%

Similar Councils (2018-2019)

57.22%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 72.49% 63.58% 63.99%
2016-2017 60.60% 55.52% 57.59%
2017-2018 62.19% 58.49% 59.55%
2018-2019 59.41% 57.22% 59.45%
2019-2020 64.02% 62.75% 64.05%
2020-2021 66.54% 62.35% 63.74%
2021-2022 67.39% 62.68% 64.23%
2022-2023 67.87% 61.26% 64.09%

Mitchell Shire Council Says...

Council remains reliant on rate revenue as a major source of revenue, making up 44.84% of Council's revenue during 2018/19.

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

Mitchell Shire (2018-2019)

0.45%

Similar Councils (2018-2019)

0.48%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Mitchell Shire Similar Councils All Councils
2015-2016 0.54% 0.51% 0.53%
2016-2017 0.52% 0.51% 0.45%
2017-2018 0.54% 0.51% 0.46%
2018-2019 0.45% 0.48% 0.42%
2019-2020 0.47% 0.47% 0.42%
2020-2021 0.41% 0.47% 0.42%
2021-2022 0.39% 0.47% 0.43%
2022-2023 0.34% 0.47% 0.43%

Mitchell Shire Council Says...

Council maintains its rate increase in line with the State Government rate cap.