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Warrnambool City

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

Warrnambool City (2018-2019)

$4,319.97

Similar Councils (2018-2019)

$3,644.55

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 $4,016.54 $3,342.08 $2,949.21
2016-2017 $4,161.19 $3,459.28 $3,076.54
2017-2018 $4,313.65 $3,548.13 $3,173.85
2018-2019 $4,319.97 $3,644.55 $3,322.88
2019-2020 $4,197.78 $3,668.34 $3,247.86
2020-2021 $4,401.48 $3,653.04 $3,248.25
2021-2022 $4,437.47 $3,683.91 $3,283.87
2022-2023 $4,435.47 $3,743.31 $3,335.79

Warrnambool City Council Says...

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)

Warrnambool City (2018-2019)

171.63%

Similar Councils (2018-2019)

292.26%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 125.35% 207.95% 241.76%
2016-2017 144.18% 242.76% 293.07%
2017-2018 124.89% 276.00% 317.53%
2018-2019 171.63% 292.26% 319.74%
2019-2020 115.87% 190.23% 250.74%
2020-2021 120.98% 167.79% 227.10%
2021-2022 116.80% 176.16% 228.98%
2022-2023 118.40% 189.54% 236.93%

Warrnambool City Council Says...

Council's cash balance increased due to a number of government grants received in 2018-2019 for projects which will commence in 2019-2020. The Victorian Grants Commission also paid 50% of the 2019-2020 allocation in June 2019.

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)

Warrnambool City (2018-2019)

66.21%

Similar Councils (2018-2019)

72.41%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 60.52% 89.16% 95.85%
2016-2017 53.62% 65.79% 96.18%
2017-2018 34.02% 80.04% 101.05%
2018-2019 66.21% 72.41% 94.27%
2019-2020 74.15% 94.57% 138.87%
2020-2021 78.97% 78.38% 123.19%
2021-2022 74.51% 81.33% 121.11%
2022-2023 76.88% 90.72% 125.13%

Warrnambool City Council Says...

Council's cash balance increased due to a number of government grants received in 2018-2019 for projects which will commence in 2019-2020. The Victorian Grants Commission also paid 50% of the 2019-2020 allocation in June 2019.

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

Warrnambool City (2018-2019)

26.23%

Similar Councils (2018-2019)

28.77%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 29.91% 35.42% 22.66%
2016-2017 23.06% 33.39% 20.75%
2017-2018 16.93% 30.01% 18.05%
2018-2019 26.23% 28.77% 16.44%
2019-2020 32.50% 34.52% 18.18%
2020-2021 26.39% 36.37% 18.97%
2021-2022 23.87% 36.12% 18.12%
2022-2023 19.72% 33.85% 16.91%

Warrnambool City Council Says...

Council borrowed $5.5m to fund the final stage of the Simpson Street drainage upgrade project. This was in-line with Councils budget and borrowing strategy.

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

Warrnambool City (2018-2019)

4.84%

Similar Councils (2018-2019)

4.10%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 5.32% 5.93% 4.60%
2016-2017 5.79% 5.21% 3.62%
2017-2018 5.11% 4.39% 3.38%
2018-2019 4.84% 4.10% 2.68%
2019-2020 5.31% 5.47% 4.46%
2020-2021 5.56% 5.18% 2.54%
2021-2022 4.75% 7.20% 4.23%
2022-2023 4.15% 5.51% 2.88%

Warrnambool City Council Says...

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

Warrnambool City (2018-2019)

16.79%

Similar Councils (2018-2019)

32.64%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 16.61% 36.59% 24.65%
2016-2017 14.95% 35.78% 22.64%
2017-2018 10.72% 33.47% 20.63%
2018-2019 16.79% 32.64% 17.93%
2019-2020 21.64% 35.59% 20.75%
2020-2021 17.97% 34.45% 19.58%
2021-2022 16.67% 34.83% 19.64%
2022-2023 13.72% 33.14% 18.92%

Warrnambool City Council Says...

Council borrowed $5.5m to fund the final stage of the Simpson Street drainage upgrade project. This was in-line with Councils budget and borrowing strategy.

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

Warrnambool City (2018-2019)

-1.03%

Similar Councils (2018-2019)

2.49%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 -3.21% -4.03% -1.22%
2016-2017 -2.32% 3.52% 9.00%
2017-2018 -4.12% 2.73% 4.80%
2018-2019 -1.03% 2.49% 4.24%
2019-2020 0.60% 0.06% 0.50%
2020-2021 -2.34% 0.06% 2.94%
2021-2022 -1.68% 0.65% 3.32%
2022-2023 0.21% 0.62% 4.54%

Warrnambool City Council Says...

The underlying surplus varies from year to year and Council's objective is to have a breakeven position. The main driver for the variations are the levels of capital expenditure on non-council assets such as the Port of Warrnambool, Telstra assets and Street Trees which are treated as operating expenditure even though they may have been funded through a Capital Grant.

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

Warrnambool City (2018-2019)

51.47%

Similar Councils (2018-2019)

58.77%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 51.70% 62.26% 63.99%
2016-2017 50.43% 57.82% 57.59%
2017-2018 51.34% 58.38% 59.55%
2018-2019 51.47% 58.77% 59.45%
2019-2020 55.29% 62.12% 64.05%
2020-2021 56.37% 62.71% 63.74%
2021-2022 56.74% 63.20% 64.23%
2022-2023 56.89% 63.73% 64.09%

Warrnambool City 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

Warrnambool City (2018-2019)

0.57%

Similar Councils (2018-2019)

0.61%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Warrnambool City Similar Councils All Councils
2015-2016 0.55% 0.64% 0.53%
2016-2017 0.56% 0.63% 0.45%
2017-2018 0.57% 0.64% 0.46%
2018-2019 0.57% 0.61% 0.42%
2019-2020 0.58% 0.61% 0.42%
2020-2021 0.60% 0.62% 0.42%
2021-2022 0.60% 0.63% 0.43%
2022-2023 0.61% 0.64% 0.43%

Warrnambool City Council Says...