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Moonee Valley 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

Moonee Valley City (2019-2020)

$2,855.63

Similar Councils (2019-2020)

$2,773.81

All Councils (2019-2020)

$3,402.81

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 $2,604.89 $2,517.44 $3,076.54
2017-2018 $2,717.35 $2,605.13 $3,173.85
2018-2019 $2,949.47 $2,717.81 $3,322.88
2019-2020 $2,855.63 $2,773.81 $3,402.81
2020-2021 $2,807.51 $2,819.33 $3,387.06
2021-2022 $2,729.33 $2,815.93 $3,325.18
2022-2023 $2,704.34 $2,845.76 $3,361.73
2023-2024 $2,738.57 $2,891.12 $3,407.05

Moonee Valley 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.

Moonee Valley City (2019-2020)

$1,823.23

Similar Councils (2019-2020)

$1,794.85

All Councils (2019-2020)

$1,774.72

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2019-2020 $1,823.23 $1,794.85 $1,774.72
2020-2021 $1,833.15 $1,815.05 $1,800.94
2021-2022 $1,843.29 $1,861.38 $1,837.61
2022-2023 $1,853.47 $1,892.63 $1,871.38
2023-2024 $1,863.70 $1,926.30 $1,905.41

Moonee Valley 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)

Moonee Valley City (2019-2020)

153.04%

Similar Councils (2019-2020)

252.00%

All Councils (2019-2020)

291.35%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 251.05% 258.38% 293.07%
2017-2018 230.98% 277.19% 317.53%
2018-2019 199.64% 271.25% 319.74%
2019-2020 153.04% 252.00% 291.35%
2020-2021 116.37% 207.28% 256.19%
2021-2022 120.67% 185.31% 237.21%
2022-2023 129.31% 180.59% 233.01%
2023-2024 129.13% 181.99% 230.24%

Moonee Valley City Council Says...

Variance is due to a $7.4M decrease in cash balances to fund capital works, as well as an $7.5M increase in trust funds and deposits.

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)

Moonee Valley City (2019-2020)

37.76%

Similar Councils (2019-2020)

77.12%

All Councils (2019-2020)

88.99%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 25.52% 66.92% 96.18%
2017-2018 37.64% 79.81% 101.05%
2018-2019 63.23% 94.64% 94.27%
2019-2020 37.76% 77.12% 88.99%
2020-2021 74.86% 81.73% 125.03%
2021-2022 80.15% 67.89% 113.21%
2022-2023 89.77% 66.49% 107.84%
2023-2024 90.66% 67.20% 103.97%

Moonee Valley City Council Says...

Variance is due to a $7.4M decrease in cash balances to fund capital works, as well as an $7.5M increase in trust funds and deposits. The increase in the 2021 forecast is due to an anticipated increase in cash balances transferred from other financial assets.

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

Moonee Valley City (2019-2020)

0.00%

Similar Councils (2019-2020)

12.35%

All Councils (2019-2020)

15.03%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 0.00% 18.25% 20.75%
2017-2018 0.00% 15.69% 18.05%
2018-2019 0.00% 14.57% 16.44%
2019-2020 0.00% 12.35% 15.03%
2020-2021 8.11% 16.32% 20.35%
2021-2022 15.44% 20.70% 20.87%
2022-2023 22.00% 23.02% 20.76%
2023-2024 27.85% 22.63% 19.72%

Moonee Valley City Council Says...

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

Moonee Valley City (2019-2020)

0.01%

Similar Councils (2019-2020)

3.52%

All Councils (2019-2020)

4.73%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 0.00% 3.05% 3.62%
2017-2018 0.00% 2.97% 3.38%
2018-2019 0.00% 2.35% 2.68%
2019-2020 0.01% 3.52% 4.73%
2020-2021 0.29% 2.96% 3.19%
2021-2022 1.08% 2.99% 4.00%
2022-2023 1.84% 2.84% 3.18%
2023-2024 2.22% 2.61% 2.76%

Moonee Valley City Council Says...

The increasing trend over the forecast period reflects Council's decision to take up loans to fund the capital works program.

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

Moonee Valley City (2019-2020)

1.68%

Similar Councils (2019-2020)

12.34%

All Councils (2019-2020)

21.38%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 1.21% 14.00% 22.64%
2017-2018 1.12% 12.16% 20.63%
2018-2019 1.21% 10.49% 17.93%
2019-2020 1.68% 12.34% 21.38%
2020-2021 8.33% 14.21% 23.21%
2021-2022 13.30% 17.12% 23.31%
2022-2023 17.97% 18.83% 22.91%
2023-2024 21.86% 18.17% 21.93%

Moonee Valley City Council Says...

Reduced user and statutory fees as a result of COVID-19, as well as an increase in lease liabilities are the contributing factors to this variance. It is anticipated that the reduced user and statutory fees will continue into 2021 which is reflected in the forecast.

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.

Moonee Valley City (2019-2020)

80.83%

Similar Councils (2019-2020)

138.09%

All Councils (2019-2020)

115.25%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2019-2020 80.83% 138.09% 115.25%
2020-2021 198.93% 163.92% 145.11%
2021-2022 135.22% 173.59% 127.27%
2022-2023 120.59% 161.22% 117.87%
2023-2024 154.41% 141.66% 111.75%

Moonee Valley City Council Says...

The significant increase in forecast for 2021 is due to the budget completion of the upgrade to the East Keilor Leisure Centre.

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

Moonee Valley City (2019-2020)

3.97%

Similar Councils (2019-2020)

4.24%

All Councils (2019-2020)

-0.05%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 10.14% 12.63% 9.00%
2017-2018 7.77% 10.20% 4.80%
2018-2019 1.77% 9.09% 4.24%
2019-2020 3.97% 4.24% -0.05%
2020-2021 1.55% -0.03% -3.27%
2021-2022 11.73% 5.91% 1.69%
2022-2023 12.07% 6.80% 1.90%
2023-2024 11.44% 7.00% 2.22%

Moonee Valley City Council Says...

Variance is due to an increase in revenue and a decrease in expenditure.

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

Moonee Valley City (2019-2020)

69.22%

Similar Councils (2019-2020)

69.00%

All Councils (2019-2020)

61.87%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 66.22% 65.08% 57.59%
2017-2018 66.24% 65.51% 59.55%
2018-2019 66.52% 65.52% 59.45%
2019-2020 69.22% 69.00% 61.87%
2020-2021 72.01% 71.30% 64.72%
2021-2022 66.78% 69.49% 64.15%
2022-2023 67.51% 69.46% 64.63%
2023-2024 67.52% 69.57% 64.81%

Moonee Valley 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

Moonee Valley City (2019-2020)

0.24%

Similar Councils (2019-2020)

0.23%

All Councils (2019-2020)

0.41%

Performance Trend

Reporting Period Moonee Valley City Similar Councils All Councils
2016-2017 0.25% 0.24% 0.45%
2017-2018 0.21% 0.25% 0.46%
2018-2019 0.22% 0.21% 0.42%
2019-2020 0.24% 0.23% 0.41%
2020-2021 0.24% 0.23% 0.40%
2021-2022 0.23% 0.23% 0.41%
2022-2023 0.23% 0.24% 0.41%
2023-2024 0.23% 0.24% 0.42%

Moonee Valley City Council Says...

This increase is due to a decrease in Capital Improved Value (CIV) of all rateable properties and the impact of the 2.5 per cent rate increase.