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Surf Coast 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

Surf Coast Shire (2018-2019)

$3,644.70

Similar Councils (2018-2019)

$3,542.34

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 $2,878.00 $3,134.02 $2,949.21
2016-2017 $3,096.18 $3,274.34 $3,076.54
2017-2018 $3,243.52 $3,308.02 $3,173.85
2018-2019 $3,644.70 $3,542.34 $3,322.88
2019-2020 $3,245.36 $3,363.36 $3,247.86
2020-2021 $3,255.96 $3,353.52 $3,248.25
2021-2022 $3,361.23 $3,403.99 $3,283.87
2022-2023 $3,360.53 $3,457.76 $3,335.79

Surf Coast Shire Council Says...

Increase due to higher total expenses $11m, comprising of an increase in amortisation of assets $4m, increase of $2m in depreciation and higher employee costs $2.8m

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)

Surf Coast Shire (2018-2019)

418.26%

Similar Councils (2018-2019)

310.29%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 252.55% 224.99% 241.76%
2016-2017 269.83% 269.52% 293.07%
2017-2018 357.70% 306.83% 317.53%
2018-2019 418.26% 310.29% 319.74%
2019-2020 383.27% 235.66% 250.74%
2020-2021 331.71% 216.08% 227.10%
2021-2022 268.44% 215.00% 228.98%
2022-2023 298.42% 220.48% 236.93%

Surf Coast Shire Council Says...

Attributed to an $8m increase current assets, mainly due to increase in carried forward capital works ($9m for incomplete projects)

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)

Surf Coast Shire (2018-2019)

-171.15%

Similar Councils (2018-2019)

88.99%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 -63.44% 78.30% 95.85%
2016-2017 -82.94% 107.42% 96.18%
2017-2018 -136.88% 115.91% 101.05%
2018-2019 -171.15% 88.99% 94.27%
2019-2020 93.94% 145.79% 138.87%
2020-2021 113.80% 134.21% 123.19%
2021-2022 112.60% 132.74% 121.11%
2022-2023 135.35% 136.32% 125.13%

Surf Coast Shire Council Says...

At the end of the financial year, Council had $49m in "Other Financial Assets", which is not included in this calculation. These funds represent Council's term deposits with an original maturity of over 90 days (an increase of $4m on the previous year). If the $49m was in the calculation, the unrestricted cash ratio would reflect +161% instead of -171%.

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

Surf Coast Shire (2018-2019)

31.14%

Similar Councils (2018-2019)

17.22%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 34.10% 23.59% 22.66%
2016-2017 31.34% 22.08% 20.75%
2017-2018 34.78% 19.16% 18.05%
2018-2019 31.14% 17.22% 16.44%
2019-2020 34.10% 21.71% 18.18%
2020-2021 30.41% 22.56% 18.97%
2021-2022 26.76% 20.36% 18.12%
2022-2023 23.22% 19.81% 16.91%

Surf Coast Shire Council Says...

Council has reduced overall borrowings $1m in 2018/19, while increasing total rate revenue $2.6m

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

Surf Coast Shire (2018-2019)

3.95%

Similar Councils (2018-2019)

3.11%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 3.74% 4.34% 4.60%
2016-2017 3.58% 3.61% 3.62%
2017-2018 3.44% 4.01% 3.38%
2018-2019 3.95% 3.11% 2.68%
2019-2020 3.80% 5.52% 4.46%
2020-2021 4.41% 2.49% 2.54%
2021-2022 4.21% 4.55% 4.23%
2022-2023 4.04% 2.73% 2.88%

Surf Coast Shire Council Says...

Council has increased repayments on borrowings from $675k to $978k, while increase total rate revenue $2.6m

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

Surf Coast Shire (2018-2019)

42.99%

Similar Councils (2018-2019)

22.53%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 51.22% 30.59% 24.65%
2016-2017 46.72% 29.19% 22.64%
2017-2018 45.18% 26.25% 20.63%
2018-2019 42.99% 22.53% 17.93%
2019-2020 43.26% 28.08% 20.75%
2020-2021 38.24% 26.11% 19.58%
2021-2022 30.36% 25.19% 19.64%
2022-2023 27.03% 24.84% 18.92%

Surf Coast Shire Council Says...

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

Surf Coast Shire (2018-2019)

-9.88%

Similar Councils (2018-2019)

1.94%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 3.59% -5.76% -1.22%
2016-2017 6.70% 6.87% 9.00%
2017-2018 1.36% 3.23% 4.80%
2018-2019 -9.88% 1.94% 4.24%
2019-2020 -3.70% -0.96% 0.50%
2020-2021 0.93% 1.98% 2.94%
2021-2022 -1.10% 2.35% 3.32%
2022-2023 0.02% 6.45% 4.54%

Surf Coast Shire Council Says...

The decrease in Council's adjusted underlying position is mainly due to amortisation of assets $4m, where Council recognised intangible assets (landfill airspace) for the first time during the 2018-19 financial year. There was also an increase of $2m in depreciation and higher employee costs $2.8m. Adjusted underlying revenue increased by $2.6m mainly due to increased rates.

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

Surf Coast Shire (2018-2019)

70.54%

Similar Councils (2018-2019)

57.22%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 73.29% 63.58% 63.99%
2016-2017 67.48% 55.52% 57.59%
2017-2018 69.35% 58.49% 59.55%
2018-2019 70.54% 57.22% 59.45%
2019-2020 74.95% 62.75% 64.05%
2020-2021 72.52% 62.35% 63.74%
2021-2022 73.01% 62.68% 64.23%
2022-2023 73.51% 61.26% 64.09%

Surf Coast 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

Surf Coast Shire (2018-2019)

0.29%

Similar Councils (2018-2019)

0.48%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2015-2016 0.34% 0.51% 0.53%
2016-2017 0.33% 0.51% 0.45%
2017-2018 0.34% 0.51% 0.46%
2018-2019 0.29% 0.48% 0.42%
2019-2020 0.30% 0.47% 0.42%
2020-2021 0.30% 0.47% 0.42%
2021-2022 0.31% 0.47% 0.43%
2022-2023 0.31% 0.47% 0.43%

Surf Coast Shire Council Says...

Council has seen a large increase in capital improved value across Surf Coast Shire of 22% has outweighed the % increase in total rate revenue