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Nillumbik 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

Nillumbik Shire (2018-2019)

$3,837.63

Similar Councils (2018-2019)

$2,825.40

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 $3,329.18 $2,633.71 $2,949.21
2016-2017 $3,240.42 $2,637.94 $3,076.54
2017-2018 $3,346.25 $2,747.64 $3,173.85
2018-2019 $3,837.63 $2,825.40 $3,322.88
2019-2020 $3,601.04 $2,881.13 $3,247.86
2020-2021 $3,668.54 $2,897.47 $3,248.25
2021-2022 $3,736.50 $2,907.52 $3,283.87
2022-2023 $3,808.75 $2,929.19 $3,335.79

Nillumbik Shire Council Says...

The current year outcome is driven by non-recurrent expenditure items, including landfill rehabiliation costs. The forecast results show the positive relationship between the growth in rateable properties across the shire and corresponding growth in expenditure.

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)

Nillumbik Shire (2018-2019)

274.40%

Similar Councils (2018-2019)

365.87%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 351.48% 293.29% 241.76%
2016-2017 353.27% 364.28% 293.07%
2017-2018 337.37% 390.39% 317.53%
2018-2019 274.40% 365.87% 319.74%
2019-2020 209.67% 349.79% 250.74%
2020-2021 193.82% 331.81% 227.10%
2021-2022 203.03% 357.04% 228.98%
2022-2023 219.33% 387.00% 236.93%

Nillumbik Shire Council Says...

This result is driven by cash on hand held, largely for scheduled capital works funded through grants received and not yet expended.

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)

Nillumbik Shire (2018-2019)

67.97%

Similar Councils (2018-2019)

74.90%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 59.29% 96.38% 95.85%
2016-2017 53.74% 96.64% 96.18%
2017-2018 84.76% 87.83% 101.05%
2018-2019 67.97% 74.90% 94.27%
2019-2020 69.10% 171.25% 138.87%
2020-2021 79.47% 152.96% 123.19%
2021-2022 78.37% 161.21% 121.11%
2022-2023 84.64% 161.06% 125.13%

Nillumbik Shire Council Says...

The trend reflects a marginal increases in current liabilities and a larger proportion of cash being restricted as grant income. In the forecast years, movements in results are driven by cash held for the long-term capital works program.

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

Nillumbik Shire (2018-2019)

18.75%

Similar Councils (2018-2019)

17.42%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 23.76% 25.65% 22.66%
2016-2017 21.53% 23.63% 20.75%
2017-2018 20.23% 20.61% 18.05%
2018-2019 18.75% 17.42% 16.44%
2019-2020 16.31% 20.80% 18.18%
2020-2021 14.83% 22.05% 18.97%
2021-2022 9.95% 21.59% 18.12%
2022-2023 6.71% 19.30% 16.91%

Nillumbik Shire Council Says...

Council continues to reduce its existing loans and is not projecting to take out further loans in the future.

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

Nillumbik Shire (2018-2019)

2.19%

Similar Councils (2018-2019)

2.97%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 2.88% 8.03% 4.60%
2016-2017 2.76% 4.07% 3.62%
2017-2018 2.44% 4.35% 3.38%
2018-2019 2.19% 2.97% 2.68%
2019-2020 3.03% 3.36% 4.46%
2020-2021 1.88% 3.23% 2.54%
2021-2022 5.17% 3.49% 4.23%
2022-2023 3.50% 3.20% 2.88%

Nillumbik Shire Council Says...

Council's loan balances are reducing and the trend is reflective of loan payout scheduled.

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

Nillumbik Shire (2018-2019)

20.69%

Similar Councils (2018-2019)

17.55%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 34.24% 27.89% 24.65%
2016-2017 26.81% 24.80% 22.64%
2017-2018 23.53% 21.45% 20.63%
2018-2019 20.69% 17.55% 17.93%
2019-2020 13.86% 22.11% 20.75%
2020-2021 9.74% 22.88% 19.58%
2021-2022 8.73% 22.73% 19.64%
2022-2023 7.78% 21.76% 18.92%

Nillumbik Shire Council Says...

The current year and projections in outer years show a declining result which is reflective of the reduction in debt and in increase in 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

Nillumbik Shire (2018-2019)

-9.52%

Similar Councils (2018-2019)

5.49%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 -12.92% 1.46% -1.22%
2016-2017 8.46% 12.45% 9.00%
2017-2018 5.56% 10.16% 4.80%
2018-2019 -9.52% 5.49% 4.24%
2019-2020 2.17% 5.33% 0.50%
2020-2021 3.48% 6.84% 2.94%
2021-2022 4.40% 8.03% 3.32%
2022-2023 5.20% 8.45% 4.54%

Nillumbik Shire Council Says...

Current year result is driven by one-off expenditure items. The trend in outer-lying years remains stable however can be impacted by unexpected items.

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

Nillumbik Shire (2018-2019)

76.70%

Similar Councils (2018-2019)

67.67%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 88.26% 71.44% 63.99%
2016-2017 73.59% 64.80% 57.59%
2017-2018 74.02% 64.56% 59.55%
2018-2019 76.70% 67.67% 59.45%
2019-2020 74.83% 69.81% 64.05%
2020-2021 74.59% 69.89% 63.74%
2021-2022 74.58% 71.00% 64.23%
2022-2023 74.60% 71.80% 64.09%

Nillumbik Shire Council Says...

This result is reflective of the current and projected stability in underlying revenue and the projected increase in rates and charges.

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

Nillumbik Shire (2018-2019)

0.32%

Similar Councils (2018-2019)

0.31%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2015-2016 0.43% 0.40% 0.53%
2016-2017 0.39% 0.38% 0.45%
2017-2018 0.39% 0.37% 0.46%
2018-2019 0.32% 0.31% 0.42%
2019-2020 0.33% 0.32% 0.42%
2020-2021 0.34% 0.33% 0.42%
2021-2022 0.34% 0.34% 0.43%
2022-2023 0.35% 0.34% 0.43%

Nillumbik Shire Council Says...

The consistent trend is reflective of projected annual property revaluations. In outer years, property valuations are forecast to remain stable.