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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 (2019-2020)

$3,790.73

Similar Councils (2019-2020)

$3,618.71

All Councils (2019-2020)

$3,402.81

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 $3,790.73 $3,618.71 $3,402.81
2020-2021 $3,631.71 $3,566.81 $3,387.06
2021-2022 $3,512.11 $3,462.17 $3,325.18
2022-2023 $3,560.22 $3,492.70 $3,361.73
2023-2024 $3,704.38 $3,544.73 $3,407.05

Surf Coast Shire Council Says...

No comment provided as there is no material variation.

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.

Surf Coast Shire (2019-2020)

$2,032.57

Similar Councils (2019-2020)

$1,773.46

All Councils (2019-2020)

$1,774.72

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2019-2020 $2,032.57 $1,773.46 $1,774.72
2020-2021 $2,049.46 $1,804.61 $1,800.94
2021-2022 $2,097.64 $1,836.52 $1,837.61
2022-2023 $2,131.90 $1,870.18 $1,871.38
2023-2024 $2,165.29 $1,906.88 $1,905.41

Surf Coast Shire Council Says...

New indicator - no comparison data.

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 (2019-2020)

291.67%

Similar Councils (2019-2020)

277.58%

All Councils (2019-2020)

291.35%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 291.67% 277.58% 291.35%
2020-2021 338.40% 234.50% 256.19%
2021-2022 281.80% 216.18% 237.21%
2022-2023 323.31% 212.44% 233.01%
2023-2024 313.99% 202.04% 230.24%

Surf Coast Shire Council Says...

Councils current assets increased by $14m to $75.3m due to increases in cash and term deposits of $12m and receivables of $2m. This was offset by an increase of $11m to current liabilities to $25.8m, due to increases to payables of $2.4m, trust funds of $5.6m, loans of $1m and provisions of $1m.

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 (2019-2020)

-75.23%

Similar Councils (2019-2020)

79.37%

All Councils (2019-2020)

88.99%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 -75.23% 79.37% 88.99%
2020-2021 -77.38% 105.79% 125.03%
2021-2022 -43.91% 97.97% 113.21%
2022-2023 -50.17% 88.79% 107.84%
2023-2024 -62.74% 78.88% 103.97%

Surf Coast Shire Council Says...

At the end of the financial year, Council had $55m 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, and an increase of $6m on the previous year if the calculation included Other Financial Assets, the ratio for 2019-20 would read 138%.

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 (2019-2020)

38.56%

Similar Councils (2019-2020)

18.73%

All Councils (2019-2020)

15.03%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 38.56% 18.73% 15.03%
2020-2021 33.45% 23.95% 20.35%
2021-2022 28.28% 24.64% 20.87%
2022-2023 23.64% 24.91% 20.76%
2023-2024 19.36% 23.22% 19.72%

Surf Coast Shire Council Says...

New borrowings were taken out by Council in 2020 as council funded the Stribling Reserve Pavilion redevelopment and the refinancing of Council's debt portfolio. No new borrowings have been forecast for the next 4 years.

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 (2019-2020)

31.55%

Similar Councils (2019-2020)

7.50%

All Councils (2019-2020)

4.73%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 31.55% 7.50% 4.73%
2020-2021 4.51% 3.76% 3.19%
2021-2022 4.22% 4.76% 4.00%
2022-2023 3.99% 3.14% 3.18%
2023-2024 3.78% 3.08% 2.76%

Surf Coast Shire Council Says...

During 2020 Council refinanced its existing loan portfolio and increased the principal amount, this involved the payment of break fees but resulted in lower interest rates and a net saving to council over the life of the loan.

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 (2019-2020)

46.74%

Similar Councils (2019-2020)

29.50%

All Councils (2019-2020)

21.38%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 46.74% 29.50% 21.38%
2020-2021 43.73% 30.00% 23.21%
2021-2022 34.07% 30.91% 23.31%
2022-2023 29.25% 30.48% 22.91%
2023-2024 24.74% 28.96% 21.93%

Surf Coast Shire Council Says...

No new borrowings have been forecast over the next 4 years.

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.

Surf Coast Shire (2019-2020)

67.02%

Similar Councils (2019-2020)

112.24%

All Councils (2019-2020)

115.25%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
2019-2020 67.02% 112.24% 115.25%
2020-2021 119.99% 143.09% 145.11%
2021-2022 86.99% 116.20% 127.27%
2022-2023 75.25% 108.44% 117.87%
2023-2024 64.53% 106.88% 111.75%

Surf Coast Shire Council Says...

New indicator - no comparison data.

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 (2019-2020)

-8.98%

Similar Councils (2019-2020)

-1.73%

All Councils (2019-2020)

-0.05%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 -8.98% -1.73% -0.05%
2020-2021 -10.61% -3.63% -3.27%
2021-2022 -4.06% 1.73% 1.69%
2022-2023 -3.81% 1.46% 1.90%
2023-2024 -3.71% 1.57% 2.22%

Surf Coast Shire Council Says...

Negative underlying results in the next four years are mainly due to lower non-cash contributions from developers and lower capital grants than in the previous four years.

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 (2019-2020)

68.44%

Similar Councils (2019-2020)

59.18%

All Councils (2019-2020)

61.87%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 68.44% 59.18% 61.87%
2020-2021 72.92% 62.30% 64.72%
2021-2022 72.59% 61.91% 64.15%
2022-2023 72.70% 62.81% 64.63%
2023-2024 70.89% 63.03% 64.81%

Surf Coast Shire Council Says...

No comment provided as there is no material variation.

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 (2019-2020)

0.28%

Similar Councils (2019-2020)

0.45%

All Councils (2019-2020)

0.41%

Performance Trend

Reporting Period Surf Coast Shire Similar Councils All Councils
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 0.28% 0.45% 0.41%
2020-2021 0.28% 0.45% 0.40%
2021-2022 0.29% 0.45% 0.41%
2022-2023 0.29% 0.45% 0.41%
2023-2024 0.30% 0.45% 0.42%

Surf Coast Shire Council Says...

No comment provided as there is no material variation.