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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 (2016-2017)

$2,617.22

Similar Councils (2016-2017)

$1,755.55

All Councils (2016-2017)

$1,571.58

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 $2,613.97 $1,756.61 $1,603.66
2018-2019 $2,681.60 $1,791.56 $1,632.93
2019-2020 $2,757.73 $1,830.21 $1,667.18
2020-2021 $2,835.98 $1,868.25 $1,697.00

Nillumbik Shire Council Says...

This increase reflects a budgeted increase in rates and charges and additional rateable properties created during the year throughout the shire.

Expenses per property assessment

Amount of council expenditure for each property

Nillumbik Shire (2016-2017)

$3,240.42

Similar Councils (2016-2017)

$2,637.94

All Councils (2016-2017)

$3,076.54

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 $3,317.54 $2,683.08 $3,070.72
2018-2019 $3,410.29 $2,715.50 $3,073.65
2019-2020 $3,476.33 $2,760.36 $3,125.46
2020-2021 $3,541.38 $2,814.94 $3,162.63

Nillumbik Shire Council Says...

This result shows a positive relationship regarding the growth in rateable properties across the shire in line with a growth in expenditure, this trend is projected to remain stable in future years.

Percentage of staff turnover

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

Nillumbik Shire (2016-2017)

10.31%

Similar Councils (2016-2017)

10.82%

All Councils (2016-2017)

12.10%

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 6.02% 6.99% 9.23%
2018-2019 5.93% 7.12% 9.11%
2019-2020 5.93% 7.02% 9.06%
2020-2021 5.93% 7.07% 9.18%

Nillumbik Shire Council Says...

Due to an organisation restructure, some positions remained vacant for extended periods and the number of resignations/ terminations was higher than average.

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 (2016-2017)

353.27%

Similar Councils (2016-2017)

364.28%

All Councils (2016-2017)

293.07%

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 236.39% 301.37% 225.67%
2018-2019 264.45% 308.52% 216.34%
2019-2020 360.72% 330.48% 220.52%
2020-2021 273.98% 328.35% 211.96%

Nillumbik Shire Council Says...

This result is consistent with the prior year. The main driver behind the result is an increase in the cash on hand held which is largely due to an increase in grants received for scheduled capital works. In the forecast years, movements in results are driven by the long-term capital works program.

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 (2016-2017)

53.74%

Similar Councils (2016-2017)

96.64%

All Councils (2016-2017)

96.18%

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 144.12% 149.67% 117.57%
2018-2019 151.31% 147.18% 112.89%
2019-2020 209.29% 163.69% 115.44%
2020-2021 172.91% 171.09% 109.85%

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 (2016-2017)

70.54%

Similar Councils (2016-2017)

50.77%

All Councils (2016-2017)

77.30%

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 64.94% 62.44% 96.57%
2018-2019 65.24% 60.14% 89.19%
2019-2020 57.11% 57.24% 83.68%
2020-2021 66.64% 60.31% 83.90%

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 (2016-2017)

21.53%

Similar Councils (2016-2017)

23.63%

All Councils (2016-2017)

20.75%

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 20.40% 25.55% 21.05%
2018-2019 18.88% 24.93% 20.63%
2019-2020 16.37% 23.11% 20.35%
2020-2021 14.90% 23.75% 19.72%

Nillumbik Shire Council Says...

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

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 (2016-2017)

2.76%

Similar Councils (2016-2017)

4.07%

All Councils (2016-2017)

3.62%

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 2.47% 3.79% 3.28%
2018-2019 2.14% 3.83% 3.26%
2019-2020 3.04% 4.06% 4.30%
2020-2021 1.89% 3.72% 2.81%

Nillumbik Shire Council Says...

Council's loan balances are reducing.

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 (2016-2017)

26.81%

Similar Councils (2016-2017)

24.80%

All Councils (2016-2017)

22.64%

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 25.47% 25.85% 22.97%
2018-2019 22.82% 25.08% 21.95%
2019-2020 21.12% 23.75% 21.78%
2020-2021 16.61% 23.86% 19.80%

Nillumbik Shire Council Says...

This result is due to a one-off adjustment to Council's asset register of $13.5 million in the 2015-2016 year. The projections in outer years show a declining result which is reflective of the reduction in debt.

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 (2016-2017)

8.46%

Similar Councils (2016-2017)

12.45%

All Councils (2016-2017)

9.00%

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 4.07% 5.47% 0.23%
2018-2019 4.31% 5.50% 2.77%
2019-2020 5.15% 5.43% 2.36%
2020-2021 6.00% 5.37% 2.36%

Nillumbik Shire Council Says...

This result reflects once-off adjustments to Council's asset register of $13.5 million in 2015-2016 to correct ownership of non-council assets.

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 (2016-2017)

73.59%

Similar Councils (2016-2017)

64.80%

All Councils (2016-2017)

57.59%

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 75.24% 69.68% 63.20%
2018-2019 74.90% 70.46% 62.76%
2019-2020 74.90% 70.95% 63.32%
2020-2021 74.94% 71.14% 63.66%

Nillumbik Shire Council Says...

This result reflects once-off adjustments to Council's asset register of $13.5 million in 2015-2016 to correct ownership of non-council assets.

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 (2016-2017)

0.39%

Similar Councils (2016-2017)

0.38%

All Councils (2016-2017)

0.45%

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% 0.39% 0.45%
2018-2019 0.40% 0.38% 0.46%
2019-2020 0.41% 0.39% 0.46%
2020-2021 0.42% 0.38% 0.46%

Nillumbik Shire Council Says...

This decrease is due to the property revaluation held during the year, even though there was a minor rate increase in accordance with the State Government's cap on rate increases.

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