Skip to content Know Your Council

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 (2018-2019)

$2,468.31

Similar Councils (2018-2019)

$3,542.34

All Councils (2018-2019)

$3,322.88

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 $2,103.93 $3,134.02 $2,949.21
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 $2,784.66 $3,363.36 $3,247.86
2020-2021 $2,763.95 $3,353.52 $3,248.25
2021-2022 $2,758.47 $3,403.99 $3,283.87
2022-2023 $2,729.46 $3,457.76 $3,335.79

Wellington Shire Council Says...

2017/18 included several large one-off accounting entries associated with partial asset write offs and additional landfill rehabilitation expense resulting in a higher measure. Future years expenditure is impacted by provision of landfill expense to meet EPA requirements and increased depreciation.

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 (2018-2019)

520.21%

Similar Councils (2018-2019)

310.29%

All Councils (2018-2019)

319.74%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 382.82% 224.99% 241.76%
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 440.09% 235.66% 250.74%
2020-2021 375.15% 216.08% 227.10%
2021-2022 369.86% 215.00% 228.98%
2022-2023 371.83% 220.48% 236.93%

Wellington Shire Council Says...

Councils liquidity in 2018/19 and 2019/20 is impacted by Victoria Grants Commission advance payments being received. The measure from 2020/21 will remain relatively stable with Council 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 (2018-2019)

164.94%

Similar Councils (2018-2019)

88.99%

All Councils (2018-2019)

94.27%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 -71.49% 78.30% 95.85%
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 250.59% 145.79% 138.87%
2020-2021 197.18% 134.21% 123.19%
2021-2022 176.36% 132.74% 121.11%
2022-2023 179.87% 136.32% 125.13%

Wellington Shire Council Says...

The reduction in the measure in 2018/19 is mainly due to a higher level of grant funding (restricted funds) received in late 2018/19 which will be expended in 2019/20. Council level of unrestricted cash will peak in 2019/20 and gradually reduce over the next three years as Council continues to fund an extensive capital works program with minimal borrowings.

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 (2018-2019)

12.43%

Similar Councils (2018-2019)

17.22%

All Councils (2018-2019)

16.44%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 19.61% 23.59% 22.66%
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 12.45% 21.71% 18.18%
2020-2021 14.06% 22.56% 18.97%
2021-2022 14.72% 20.36% 18.12%
2022-2023 14.36% 19.81% 16.91%

Wellington Shire Council Says...

The minor reduction in this measure results from the deferral of 2018/19 proposed borrowings. The measure after 2019/20 will increase slightly due to the expected increase in rate revenue, while future years borrowings 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 (2018-2019)

1.05%

Similar Councils (2018-2019)

3.11%

All Councils (2018-2019)

2.68%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 7.05% 4.34% 4.60%
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 10.44% 5.52% 4.46%
2020-2021 1.89% 2.49% 2.54%
2021-2022 2.21% 4.55% 4.23%
2022-2023 2.43% 2.73% 2.88%

Wellington Shire Council Says...

The measure in 2019/20 will spike as Council repays an interest only loan. During the remaining years, the measure will increase marginally 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 (2018-2019)

25.80%

Similar Councils (2018-2019)

22.53%

All Councils (2018-2019)

17.93%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 17.40% 30.59% 24.65%
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 28.49% 28.08% 20.75%
2020-2021 25.79% 26.11% 19.58%
2021-2022 27.11% 25.19% 19.64%
2022-2023 24.92% 24.84% 18.92%

Wellington Shire Council Says...

The reduction in the measure results from the reclassification of non-current borrowings to current borrowings associated with the planned repayment of a $6 million loan in 2019/20. In future this measure will vary as Council continues to complete landfill rehabilitation works which will impact on non- current landfill provision balance.

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 (2018-2019)

18.64%

Similar Councils (2018-2019)

1.94%

All Councils (2018-2019)

4.24%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 3.63% -5.76% -1.22%
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 3.15% -0.96% 0.50%
2020-2021 3.02% 1.98% 2.94%
2021-2022 5.79% 2.35% 3.32%
2022-2023 8.27% 6.45% 4.54%

Wellington Shire Council Says...

The increase in this measure is basically due to the impact of early receipt of 2019/20 funds in 2018/19 including 2019/20 Victoria Grants Commission advance and funding for the Gippsland Shared Services project and lower expenditure compared to 2017/18. The early receipt of 2018/19 funds will also impact on the 2019/20 results.

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 (2018-2019)

60.79%

Similar Councils (2018-2019)

57.22%

All Councils (2018-2019)

59.45%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 69.10% 63.58% 63.99%
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 66.99% 62.75% 64.05%
2020-2021 68.40% 62.35% 63.74%
2021-2022 67.39% 62.68% 64.23%
2022-2023 67.12% 61.26% 64.09%

Wellington Shire Council Says...

Compared to 2017/18, additional grant income has been received, resulting in a decrease in this measure. In future the measure is expected to increase slightly due to projected increase in rate revenue.

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 (2018-2019)

0.56%

Similar Councils (2018-2019)

0.48%

All Councils (2018-2019)

0.42%

Performance Trend

Reporting Period Wellington Shire Similar Councils All Councils
2015-2016 0.56% 0.51% 0.53%
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% 0.47% 0.42%
2020-2021 0.55% 0.47% 0.42%
2021-2022 0.56% 0.47% 0.43%
2022-2023 0.57% 0.47% 0.43%

Wellington Shire Council Says...

This measure is forecasted to remain steady over the next four years, consistent with past trends.