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Wellington 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

Wellington Shire (2019-2020)

$2,628.25

Similar Councils (2019-2020)

$3,618.71

All Councils (2019-2020)

$3,402.81

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 $2,344.22 $3,274.34 $3,076.54
2017-2018 $2,746.91 $3,308.02 $3,173.85
2018-2019 $2,468.31 $3,542.34 $3,322.88
2019-2020 $2,628.25 $3,618.71 $3,402.81
2020-2021 $2,907.88 $3,566.81 $3,387.06
2021-2022 $2,954.32 $3,462.17 $3,325.18
2022-2023 $2,848.49 $3,492.70 $3,361.73
2023-2024 $2,885.96 $3,544.73 $3,407.05

Wellington Shire Council Says...

Increased expenditure in 2019/20 due to drought rates relief for farmers. Expenses continue to increase due to the effect of capital works on depreciation and major works such as landfill rehabilitation.

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.

Wellington Shire (2019-2020)

$1,695.46

Similar Councils (2019-2020)

$1,773.46

All Councils (2019-2020)

$1,774.72

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2019-2020 $1,695.46 $1,773.46 $1,774.72
2020-2021 $1,730.67 $1,804.61 $1,800.94
2021-2022 $1,750.05 $1,836.52 $1,837.61
2022-2023 $1,769.68 $1,870.18 $1,871.38
2023-2024 $1,789.55 $1,906.88 $1,905.41

Wellington Shire Council Says...

Expected to continue to rise in future years in line with rate capping requirements.

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)

Wellington Shire (2019-2020)

441.28%

Similar Councils (2019-2020)

277.58%

All Councils (2019-2020)

291.35%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 416.15% 269.52% 293.07%
2017-2018 594.69% 306.83% 317.53%
2018-2019 520.21% 310.29% 319.74%
2019-2020 441.28% 277.58% 291.35%
2020-2021 447.80% 234.50% 256.19%
2021-2022 371.54% 216.18% 237.21%
2022-2023 354.37% 212.44% 233.01%
2023-2024 287.28% 202.04% 230.24%

Wellington Shire Council Says...

Council's liquidity in 2018/19 and 2019/20 is impacted by Victoria Grants Commission advance payments being received. This measure will peak in 2020/21 and gradually reduce over the next three years as Council continues to fund an extensive capital works program, while still maintaining a healthy cash balance.

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)

Wellington Shire (2019-2020)

118.37%

Similar Councils (2019-2020)

79.37%

All Councils (2019-2020)

88.99%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 169.41% 107.42% 96.18%
2017-2018 230.96% 115.91% 101.05%
2018-2019 164.94% 88.99% 94.27%
2019-2020 118.37% 79.37% 88.99%
2020-2021 235.52% 105.79% 125.03%
2021-2022 175.52% 97.97% 113.21%
2022-2023 143.88% 88.79% 107.84%
2023-2024 97.54% 78.88% 103.97%

Wellington Shire Council Says...

The reduction in the measure in 2019/20 is mainly due to a higher level of grant funding (restricted funds) received in late 2019/20 which will be expended in 2020/21. Council's level of unrestricted cash will peak in 2020/21 and gradually reduce over the next three years as Council continues to fund an extensive capital works program.

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

Wellington Shire (2019-2020)

2.08%

Similar Councils (2019-2020)

18.73%

All Councils (2019-2020)

15.03%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 15.62% 22.08% 20.75%
2017-2018 13.10% 19.16% 18.05%
2018-2019 12.43% 17.22% 16.44%
2019-2020 2.08% 18.73% 15.03%
2020-2021 12.67% 23.95% 20.35%
2021-2022 20.36% 24.64% 20.87%
2022-2023 25.44% 24.91% 20.76%
2023-2024 26.67% 23.22% 19.72%

Wellington Shire Council Says...

Loan Borrowings planned for 2019/20 have been delayed, while major loans were repaid during 2019/20. Borrowings are planned for 2020/21 and in future years to fund major capital works projects and are expected to remain relatively stable.

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

Wellington Shire (2019-2020)

9.89%

Similar Councils (2019-2020)

7.50%

All Councils (2019-2020)

4.73%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 3.60% 3.61% 3.62%
2017-2018 1.84% 4.01% 3.38%
2018-2019 1.05% 3.11% 2.68%
2019-2020 9.89% 7.50% 4.73%
2020-2021 0.60% 3.76% 3.19%
2021-2022 1.94% 4.76% 4.00%
2022-2023 3.02% 3.14% 3.18%
2023-2024 3.86% 3.08% 2.76%

Wellington Shire Council Says...

A $6M interest only loan was repaid during 2019/20 and no further borrowings occurred during the year. Borrowings of $7M are forecast for 2020/21 and borrowings are expected to increase as future loan borrowings are repaid.

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

Wellington Shire (2019-2020)

21.48%

Similar Councils (2019-2020)

29.50%

All Councils (2019-2020)

21.38%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 18.79% 29.19% 22.64%
2017-2018 33.68% 26.25% 20.63%
2018-2019 25.80% 22.53% 17.93%
2019-2020 21.48% 29.50% 21.38%
2020-2021 30.09% 30.00% 23.21%
2021-2022 31.78% 30.91% 23.31%
2022-2023 32.87% 30.48% 22.91%
2023-2024 31.89% 28.96% 21.93%

Wellington Shire Council Says...

The reduction in 2019/20 results from the reclassification of non-current provisions to current provisions as major rehabilitation works are budgeted for 2020/21. The rates return to a consistent level in 2020/21 as non-current borrowings return to a stable level.

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.

Wellington Shire (2019-2020)

119.13%

Similar Councils (2019-2020)

112.24%

All Councils (2019-2020)

115.25%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2019-2020 119.13% 112.24% 115.25%
2020-2021 183.85% 143.09% 145.11%
2021-2022 158.25% 116.20% 127.27%
2022-2023 150.69% 108.44% 117.87%
2023-2024 126.88% 106.88% 111.75%

Wellington Shire Council Says...

The increase in the 2020/21 measure is mainly due to a number of one-off funded recreation reserve change room redevelopments and the commencement of a new cell construction at the Kilmany Landfill. The measure in future years will decline as the one- off facilities redevelopment are completed, and Council continues to concentrate on renewing and upgrading its infrastructure.

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

Wellington Shire (2019-2020)

12.14%

Similar Councils (2019-2020)

-1.73%

All Councils (2019-2020)

-0.05%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 16.82% 6.87% 9.00%
2017-2018 2.61% 3.23% 4.80%
2018-2019 18.64% 1.94% 4.24%
2019-2020 12.14% -1.73% -0.05%
2020-2021 -2.19% -3.63% -3.27%
2021-2022 1.00% 1.73% 1.69%
2022-2023 2.82% 1.46% 1.90%
2023-2024 0.84% 1.57% 2.22%

Wellington Shire Council Says...

The change in accounting standards requiring unspent grants to be displayed on the balance sheet instead of being recorded as revenue has contributed to the reduction in the adjusted surplus from 2018/19. The reduction in the 2020/21 rate is due to the early receipt of the annual Victoria Grants Commission. From 2021/22 onwards it is forecast for the Victoria Grants Commission to be received in the relevant 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

Wellington Shire (2019-2020)

63.39%

Similar Councils (2019-2020)

59.18%

All Councils (2019-2020)

61.87%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 59.25% 55.52% 57.59%
2017-2018 64.39% 58.49% 59.55%
2018-2019 60.79% 57.22% 59.45%
2019-2020 63.39% 59.18% 61.87%
2020-2021 68.14% 62.30% 64.72%
2021-2022 65.74% 61.91% 64.15%
2022-2023 67.73% 62.81% 64.63%
2023-2024 69.03% 63.03% 64.81%

Wellington Shire Council Says...

As there has been a small reduction in adjusted underlying revenue as some operational unspent grants are now classified on the balance sheet there is also a small increase in this measure. Ongoing this measure is slightly increasing as rates increase in line with prescribed rate capping.

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

Wellington Shire (2019-2020)

0.55%

Similar Councils (2019-2020)

0.45%

All Councils (2019-2020)

0.41%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2016-2017 0.54% 0.51% 0.45%
2017-2018 0.52% 0.51% 0.46%
2018-2019 0.56% 0.48% 0.42%
2019-2020 0.55% 0.45% 0.41%
2020-2021 0.51% 0.45% 0.40%
2021-2022 0.52% 0.45% 0.41%
2022-2023 0.52% 0.45% 0.41%
2023-2024 0.52% 0.45% 0.42%

Wellington Shire Council Says...

There will be a slight reduction in this measure as there is no budgeted rates revenue increase despite a revaluation resulting in an overall CIV value increase.