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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

Average residential rate per residential property assessment

Amount of rates charged on average for each residential property

Nillumbik Shire (2017-2018)

$2,687.64

Similar Councils (2017-2018)

$1,796.48

All Councils (2017-2018)

$1,625.06

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 $2,463.03 $1,649.09 $1,441.07
2015-2016 $2,569.65 $1,677.37 $1,524.82
2016-2017 $2,617.22 $1,755.55 $1,571.58
2017-2018 $2,687.64 $1,796.48 $1,625.06
2018-2019 $2,731.72 $1,828.59 $1,672.93
2019-2020 $2,802.73 $1,862.87 $1,705.51
2020-2021 $2,881.73 $1,884.41 $1,734.12
2021-2022 $2,962.48 $1,922.70 $1,769.14

Nillumbik Shire Council Says...

The ongoing increase reflects budgeted increases in rates and charges and the aniticipated additional rateable properties created during each year throughout the shire.

Expenses per property assessment

Amount of council expenditure for each property

Nillumbik Shire (2017-2018)

$3,346.25

Similar Councils (2017-2018)

$2,747.64

All Councils (2017-2018)

$3,173.85

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 $3,186.17 $2,623.52 $2,980.68
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 $3,565.96 $2,730.80 $3,154.72
2019-2020 $3,640.46 $2,779.82 $3,153.11
2020-2021 $3,714.67 $2,803.37 $3,183.79
2021-2022 $3,788.25 $2,840.06 $3,230.64

Nillumbik Shire Council Says...

This result shows the positive relationship between the growth in rateable properties across the shire and corrseponding growth in service expenditure.

Percentage of staff turnover

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

Nillumbik Shire (2017-2018)

17.57%

Similar Councils (2017-2018)

13.74%

All Councils (2017-2018)

13.20%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 5.68% 10.95% 10.61%
2015-2016 12.94% 10.74% 11.56%
2016-2017 10.31% 10.82% 12.10%
2017-2018 17.57% 13.74% 13.20%
2018-2019 5.76% 6.68% 10.45%
2019-2020 5.76% 7.63% 10.03%
2020-2021 5.76% 7.66% 10.13%
2021-2022 5.76% 7.66% 10.06%

Nillumbik Shire Council Says...

Due to an organisation restructure the number of resignations/ terminations was higher than average. This is predicted to become stable in the outlying years.

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 (2017-2018)

337.37%

Similar Councils (2017-2018)

390.39%

All Councils (2017-2018)

317.53%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 265.70% 248.83% 231.21%
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 183.43% 349.94% 228.71%
2019-2020 177.52% 360.28% 230.20%
2020-2021 159.45% 374.77% 220.25%
2021-2022 151.18% 407.99% 231.92%

Nillumbik Shire Council Says...

This result is driven by cash on hand held, largely for scheduled capital works. In the forecast years, the decreasing trend is reflective of reduced cash balances held.

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 (2017-2018)

84.76%

Similar Councils (2017-2018)

87.83%

All Councils (2017-2018)

101.05%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 71.82% 95.03% 94.74%
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 39.89% 158.77% 115.71%
2019-2020 33.73% 162.01% 114.68%
2020-2021 35.48% 172.41% 108.08%
2021-2022 15.83% 198.96% 115.95%

Nillumbik Shire Council Says...

This result is reflective of a marginal increase in current liabilities and a larger proportion of cash being restricted for capital works. In the forecast years, movements in results are driven by the long-term capital works program.

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

Nillumbik Shire (2017-2018)

47.69%

Similar Councils (2017-2018)

50.64%

All Councils (2017-2018)

78.86%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 52.09% 54.30% 75.09%
2015-2016 74.99% 47.64% 76.33%
2016-2017 70.54% 50.77% 77.30%
2017-2018 47.69% 50.64% 78.86%
2018-2019 48.99% 61.47% 99.16%
2019-2020 40.23% 53.79% 86.51%
2020-2021 56.89% 60.09% 83.79%
2021-2022 53.32% 55.48% 79.93%

Nillumbik Shire Council Says...

The variance is reflective of Council allocating a larger proportion of capital works funding to upgrading facilities as opposed to renewal works.

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 (2017-2018)

20.23%

Similar Councils (2017-2018)

20.61%

All Councils (2017-2018)

18.05%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 26.74% 32.09% 25.09%
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 18.85% 27.18% 19.15%
2019-2020 16.37% 28.14% 20.82%
2020-2021 14.90% 26.75% 20.74%
2021-2022 10.00% 26.63% 18.87%

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 (2017-2018)

2.44%

Similar Councils (2017-2018)

4.35%

All Councils (2017-2018)

3.38%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 4.47% 9.63% 6.17%
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% 3.72% 2.94%
2019-2020 3.04% 4.17% 4.35%
2020-2021 1.89% 3.75% 3.06%
2021-2022 5.19% 4.11% 4.14%

Nillumbik Shire Council Says...

Council's loan balances are reducing, while there are increases in rates and charges.

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 (2017-2018)

23.53%

Similar Councils (2017-2018)

21.45%

All Councils (2017-2018)

20.63%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 27.87% 32.17% 24.51%
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 17.06% 26.68% 20.15%
2019-2020 15.73% 27.31% 21.85%
2020-2021 11.60% 25.30% 20.65%
2021-2022 10.54% 25.76% 19.78%

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 (2017-2018)

5.56%

Similar Councils (2017-2018)

10.16%

All Councils (2017-2018)

4.80%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 9.79% 6.75% 5.35%
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 0.66% 6.09% 0.29%
2019-2020 1.50% 7.73% 3.27%
2020-2021 2.26% 7.97% 3.43%
2021-2022 3.03% 7.89% 3.55%

Nillumbik Shire Council Says...

The trend is reflective of non-cash contributions received which are unexpected and hence not budgeted.

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 (2017-2018)

74.02%

Similar Councils (2017-2018)

64.56%

All Councils (2017-2018)

59.55%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 66.41% 64.72% 57.46%
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 74.50% 69.52% 64.31%
2019-2020 74.24% 69.05% 63.61%
2020-2021 74.24% 69.62% 64.12%
2021-2022 74.26% 70.34% 64.46%

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 (2017-2018)

0.39%

Similar Councils (2017-2018)

0.37%

All Councils (2017-2018)

0.46%

Performance Trend

Reporting Period Nillumbik Shire Similar Councils All Councils
2014-2015 0.41% 0.39% 0.51%
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% 0.33% 0.43%
2019-2020 0.31% 0.33% 0.44%
2020-2021 0.31% 0.33% 0.44%
2021-2022 0.30% 0.33% 0.44%

Nillumbik Shire Council Says...

The consistent trend is reflective of projected annual property revaluations forecasting positive growth.