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Borough of Queenscliffe

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

Borough of Queenscliffe (2019-2020)

$3,815.73

Similar Councils (2019-2020)

$3,889.11

All Councils (2019-2020)

$3,402.81

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 $3,249.34 $3,532.45 $3,076.54
2017-2018 $3,429.02 $3,703.08 $3,173.85
2018-2019 $3,587.85 $3,870.37 $3,322.88
2019-2020 $3,815.73 $3,889.11 $3,402.81
2020-2021 $3,852.52 $3,856.60 $3,387.06
2021-2022 $3,845.15 $3,704.59 $3,325.18
2022-2023 $3,857.11 $3,770.53 $3,361.73
2023-2024 $3,978.87 $3,841.57 $3,407.05

Borough of Queenscliffe Council Says...

The majority of expenditure incurred by Queenscliffe is non-discretionary and part of managing the services expected of a local council. Given the very small ratepayer base, this translates into a level of expenditure per property assessment which is higher than the outcome for other local councils.

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.

Borough of Queenscliffe (2019-2020)

$2,100.51

Similar Councils (2019-2020)

$1,680.55

All Councils (2019-2020)

$1,774.72

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2019-2020 $2,100.51 $1,680.55 $1,774.72
2020-2021 $2,146.20 $1,706.70 $1,800.94
2021-2022 $2,189.11 $1,735.91 $1,837.61
2022-2023 $2,238.40 $1,767.94 $1,871.38
2023-2024 $2,288.79 $1,799.84 $1,905.41

Borough of Queenscliffe Council Says...

Rate revenue represents a high proportion of Queenscliffe's revenue and spread across a very small ratepayer base.

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)

Borough of Queenscliffe (2019-2020)

513.55%

Similar Councils (2019-2020)

362.57%

All Councils (2019-2020)

291.35%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 305.84% 349.54% 293.07%
2017-2018 288.38% 362.28% 317.53%
2018-2019 503.81% 377.97% 319.74%
2019-2020 513.55% 362.57% 291.35%
2020-2021 263.26% 325.87% 256.19%
2021-2022 331.73% 310.02% 237.21%
2022-2023 331.32% 299.01% 233.01%
2023-2024 327.66% 292.22% 230.24%

Borough of Queenscliffe 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)

Borough of Queenscliffe (2019-2020)

-151.20%

Similar Councils (2019-2020)

128.38%

All Councils (2019-2020)

88.99%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 0.47% 134.61% 96.18%
2017-2018 -52.43% 128.11% 101.05%
2018-2019 58.56% 119.80% 94.27%
2019-2020 -151.20% 128.38% 88.99%
2020-2021 83.05% 221.57% 125.03%
2021-2022 215.65% 213.14% 113.21%
2022-2023 218.44% 201.68% 107.84%
2023-2024 214.86% 191.47% 103.97%

Borough of Queenscliffe Council Says...

The negative result is due to council's current term deposits of $6.8 million having original maturities of more than 90 days (even though the remaining maturities as at 30 June 2020 is less than 90 days), and therefore being considered unrestricted. Investing surplus cash in term deposits with more than 90 days has resulted in a better yield for Council under the current low interest rate environment. If term deposits had been included in cash and cash equivalents based on the remaining maturities, unrestricted cash compared to current liabilities would have been 182.28% (positive).

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

Borough of Queenscliffe (2019-2020)

0.38%

Similar Councils (2019-2020)

6.62%

All Councils (2019-2020)

15.03%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 1.54% 14.32% 20.75%
2017-2018 0.91% 12.17% 18.05%
2018-2019 0.64% 10.89% 16.44%
2019-2020 0.38% 6.62% 15.03%
2020-2021 7.41% 10.13% 20.35%
2021-2022 6.49% 8.54% 20.87%
2022-2023 5.70% 7.46% 20.76%
2023-2024 6.16% 6.54% 19.72%

Borough of Queenscliffe Council Says...

Proposed new loan was not drawn down in 2019-20, however it will be drawn down in 2020- 21 as projects are completed and based on actual funding requirements. The increasing forecast trend for this measure reflects planned further borrowings.

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

Borough of Queenscliffe (2019-2020)

0.25%

Similar Councils (2019-2020)

4.10%

All Councils (2019-2020)

4.73%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 3.26% 3.23% 3.62%
2017-2018 0.64% 2.23% 3.38%
2018-2019 0.26% 1.74% 2.68%
2019-2020 0.25% 4.10% 4.73%
2020-2021 0.47% 2.35% 3.19%
2021-2022 0.99% 2.96% 4.00%
2022-2023 0.84% 1.69% 3.18%
2023-2024 0.82% 1.48% 2.76%

Borough of Queenscliffe Council Says...

Proposed new loan was not drawn down in 2019-20, however it will be drawn down in 2020- 21 as projects are completed and based on actual funding requirements. The increasing forecast trend for this measure reflects planned further borrowings.

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

Borough of Queenscliffe (2019-2020)

1.18%

Similar Councils (2019-2020)

14.55%

All Councils (2019-2020)

21.38%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 1.08% 18.15% 22.64%
2017-2018 1.08% 17.66% 20.63%
2018-2019 0.51% 14.38% 17.93%
2019-2020 1.18% 14.55% 21.38%
2020-2021 5.42% 16.59% 23.21%
2021-2022 4.15% 15.72% 23.31%
2022-2023 4.12% 13.69% 22.91%
2023-2024 4.39% 12.91% 21.93%

Borough of Queenscliffe Council Says...

Reduction in the own source revenue in 2019-20 due to reduced income from tourist parks resulting from COVID 19 restrictions. The increasing forecast trend for this measure reflects planned further borrowings.

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.

Borough of Queenscliffe (2019-2020)

121.92%

Similar Councils (2019-2020)

109.73%

All Councils (2019-2020)

115.25%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2019-2020 121.92% 109.73% 115.25%
2020-2021 461.73% 157.65% 145.11%
2021-2022 171.33% 115.28% 127.27%
2022-2023 96.49% 99.46% 117.87%
2023-2024 48.57% 93.40% 111.75%

Borough of Queenscliffe Council Says...

Significant asset renewal and upgrade expenditure during 2019-20 is predominantly due to road upgrade projects, Queenscliff Cultural Hub project and work continuing on the Queenscliff Sport and Recreation Precinct project.

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

Borough of Queenscliffe (2019-2020)

-3.27%

Similar Councils (2019-2020)

-0.94%

All Councils (2019-2020)

-0.05%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 2.28% 8.16% 9.00%
2017-2018 0.69% -1.34% 4.80%
2018-2019 -0.20% 1.24% 4.24%
2019-2020 -3.27% -0.94% -0.05%
2020-2021 -11.97% -6.71% -3.27%
2021-2022 5.48% -1.90% 1.69%
2022-2023 -4.61% -2.39% 1.90%
2023-2024 -5.33% -2.46% 2.22%

Borough of Queenscliffe Council Says...

Reduced income from tourist parks resulting from COVID 19 restrictions and asset write-offs carried out in 2019-20 resulted in an adjusted underlying deficit for the year.

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

Borough of Queenscliffe (2019-2020)

65.13%

Similar Councils (2019-2020)

52.55%

All Councils (2019-2020)

61.87%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 66.69% 47.44% 57.59%
2017-2018 65.37% 51.93% 59.55%
2018-2019 65.44% 51.11% 59.45%
2019-2020 65.13% 52.55% 61.87%
2020-2021 71.64% 56.17% 64.72%
2021-2022 61.95% 57.32% 64.15%
2022-2023 69.89% 57.68% 64.63%
2023-2024 69.75% 57.77% 64.81%

Borough of Queenscliffe 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

Borough of Queenscliffe (2019-2020)

0.26%

Similar Councils (2019-2020)

0.53%

All Councils (2019-2020)

0.41%

Performance Trend

Reporting Period Borough of Queenscliffe Similar Councils All Councils
2016-2017 0.27% 0.59% 0.45%
2017-2018 0.28% 0.61% 0.46%
2018-2019 0.26% 0.55% 0.42%
2019-2020 0.26% 0.53% 0.41%
2020-2021 0.25% 0.50% 0.40%
2021-2022 0.26% 0.50% 0.41%
2022-2023 0.26% 0.51% 0.41%
2023-2024 0.27% 0.51% 0.42%

Borough of Queenscliffe Council Says...