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Mornington Peninsula 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

Mornington Peninsula Shire (2018-2019)

$1,645.74

Similar Councils (2018-2019)

$1,844.74

All Councils (2018-2019)

$1,669.82

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 $1,455.96 $1,677.37 $1,524.82
2016-2017 $1,510.42 $1,755.55 $1,571.58
2017-2018 $1,630.55 $1,796.48 $1,625.06
2018-2019 $1,645.74 $1,844.74 $1,669.82
2019-2020 $1,724.95 $1,946.45 $1,708.62
2020-2021 $1,760.93 $1,997.15 $1,743.39
2021-2022 $1,797.81 $2,065.74 $1,780.84
2022-2023 $1,835.62 $2,116.99 $1,818.86

Mornington Peninsula Shire Council Says...

Expenses per property assessment

Amount of council expenditure for each property

Mornington Peninsula Shire (2018-2019)

$2,256.99

Similar Councils (2018-2019)

$2,825.40

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 $1,933.77 $2,633.71 $2,949.21
2016-2017 $2,079.29 $2,637.94 $3,076.54
2017-2018 $2,103.20 $2,747.64 $3,173.85
2018-2019 $2,256.99 $2,825.40 $3,322.88
2019-2020 $2,224.31 $2,881.13 $3,247.86
2020-2021 $2,288.19 $2,897.47 $3,248.25
2021-2022 $2,236.17 $2,907.52 $3,283.87
2022-2023 $2,280.40 $2,929.19 $3,335.79

Mornington Peninsula Shire Council Says...

Percentage of staff turnover

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

Mornington Peninsula Shire (2018-2019)

10.94%

Similar Councils (2018-2019)

13.93%

All Councils (2018-2019)

14.07%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 15.65% 10.74% 11.56%
2016-2017 13.05% 10.82% 12.10%
2017-2018 19.06% 13.74% 13.20%
2018-2019 10.94% 13.93% 14.07%
2019-2020 11.30% 7.77% 10.28%
2020-2021 11.30% 7.87% 10.09%
2021-2022 11.30% 7.94% 10.11%
2022-2023 11.30% 8.00% 10.03%

Mornington Peninsula Shire Council Says...

2018 saw the outsourcing of sport and leisure staff to Belgravia Leisure which artificially inflated the terminations for that year. The 2019 figure has reverted back to a business as usual figure.

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)

Mornington Peninsula Shire (2018-2019)

203.86%

Similar Councils (2018-2019)

365.87%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 189.63% 293.29% 241.76%
2016-2017 198.89% 364.28% 293.07%
2017-2018 214.08% 390.39% 317.53%
2018-2019 203.86% 365.87% 319.74%
2019-2020 158.46% 349.79% 250.74%
2020-2021 135.15% 331.81% 227.10%
2021-2022 130.04% 357.04% 228.98%
2022-2023 128.24% 387.00% 236.93%

Mornington Peninsula Shire Council Says...

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)

Mornington Peninsula Shire (2018-2019)

69.47%

Similar Councils (2018-2019)

74.90%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 131.93% 96.38% 95.85%
2016-2017 -7.97% 96.64% 96.18%
2017-2018 23.80% 87.83% 101.05%
2018-2019 69.47% 74.90% 94.27%
2019-2020 88.14% 171.25% 138.87%
2020-2021 59.02% 152.96% 123.19%
2021-2022 55.17% 161.21% 121.11%
2022-2023 53.17% 161.06% 125.13%

Mornington Peninsula Shire Council Says...

Approximately $20m in assets are being invested in short term deposits due to the low interest rate offerings by the banks. In the previous year these investments were in longer term deposits, excluding them from being considered unrestricted cash.

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

Mornington Peninsula Shire (2018-2019)

93.28%

Similar Councils (2018-2019)

59.50%

All Councils (2018-2019)

86.80%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 58.80% 47.64% 76.33%
2016-2017 86.67% 50.77% 77.30%
2017-2018 70.51% 50.64% 78.86%
2018-2019 93.28% 59.50% 86.80%
2019-2020 64.42% 62.32% 100.63%
2020-2021 57.26% 62.74% 88.32%
2021-2022 59.62% 60.59% 86.34%
2022-2023 61.77% 64.08% 84.91%

Mornington Peninsula Shire Council Says...

While depreciation expense has increased slightly, capital renewal projects have increased by $8m in the 2019 financial year. This increase is due to the rebuild of the Somerville Recreation Centre.

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

Mornington Peninsula Shire (2018-2019)

7.53%

Similar Councils (2018-2019)

17.42%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 18.33% 25.65% 22.66%
2016-2017 12.33% 23.63% 20.75%
2017-2018 10.00% 20.61% 18.05%
2018-2019 7.53% 17.42% 16.44%
2019-2020 18.23% 20.80% 18.18%
2020-2021 24.43% 22.05% 18.97%
2021-2022 21.66% 21.59% 18.12%
2022-2023 19.48% 19.30% 16.91%

Mornington Peninsula Shire Council Says...

The current decrease of 25% is in line with the Council's loan schedules. Increases forecasted for 2019-20 and 2020-21 are due to loans being committed for the construction of the new Rosebud Aquatic Centre.

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

Mornington Peninsula Shire (2018-2019)

2.67%

Similar Councils (2018-2019)

2.97%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 6.24% 8.03% 4.60%
2016-2017 5.73% 4.07% 3.62%
2017-2018 5.20% 4.35% 3.38%
2018-2019 2.67% 2.97% 2.68%
2019-2020 3.02% 3.36% 4.46%
2020-2021 3.48% 3.23% 2.54%
2021-2022 3.27% 3.49% 4.23%
2022-2023 2.62% 3.20% 2.88%

Mornington Peninsula Shire Council Says...

The current decrease of 49% is in line with the Council's loan schedules for financing activities.

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

Mornington Peninsula Shire (2018-2019)

8.35%

Similar Councils (2018-2019)

17.55%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 13.77% 27.89% 24.65%
2016-2017 9.48% 24.80% 22.64%
2017-2018 9.68% 21.45% 20.63%
2018-2019 8.35% 17.55% 17.93%
2019-2020 18.25% 22.11% 20.75%
2020-2021 22.13% 22.88% 19.58%
2021-2022 20.27% 22.73% 19.64%
2022-2023 18.66% 21.76% 18.92%

Mornington Peninsula Shire Council Says...

The current decrease of 25% is in line with the Council's loan schedules, offset by the year on year rates charge increases. Increases forecasted for 2019-20 and 2020-21 are due to loans being committed to for the construction of the new Rosebud Aquatic 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

Mornington Peninsula Shire (2018-2019)

-0.94%

Similar Councils (2018-2019)

5.49%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 3.56% 1.46% -1.22%
2016-2017 5.12% 12.45% 9.00%
2017-2018 3.39% 10.16% 4.80%
2018-2019 -0.94% 5.49% 4.24%
2019-2020 3.80% 5.33% 0.50%
2020-2021 2.89% 6.84% 2.94%
2021-2022 4.71% 8.03% 3.32%
2022-2023 5.49% 8.45% 4.54%

Mornington Peninsula Shire Council Says...

The underlying surplus is effected by the Net Loss on disposal of property, infrastructure, plant equipment which is $7M higher than last year. The main driver is the disposal of drainage based on the Vic Roads ownership assessment.

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

Mornington Peninsula Shire (2018-2019)

76.00%

Similar Councils (2018-2019)

67.67%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 74.73% 71.44% 63.99%
2016-2017 71.88% 64.80% 57.59%
2017-2018 73.85% 64.56% 59.55%
2018-2019 76.00% 67.67% 59.45%
2019-2020 77.32% 69.81% 64.05%
2020-2021 78.01% 69.89% 63.74%
2021-2022 80.69% 71.00% 64.23%
2022-2023 80.82% 71.80% 64.09%

Mornington Peninsula 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

Mornington Peninsula Shire (2018-2019)

0.20%

Similar Councils (2018-2019)

0.31%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Mornington Peninsula Shire Similar Councils All Councils
2015-2016 0.25% 0.40% 0.53%
2016-2017 0.24% 0.38% 0.45%
2017-2018 0.25% 0.37% 0.46%
2018-2019 0.20% 0.31% 0.42%
2019-2020 0.21% 0.32% 0.42%
2020-2021 0.21% 0.33% 0.42%
2021-2022 0.21% 0.34% 0.43%
2022-2023 0.21% 0.34% 0.43%

Mornington Peninsula Shire Council Says...

Total property values in the municipality have increased from $66 billion to $85 billion year on year, forcing the 17% decrease in rates ratio for 2019.