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Whitehorse City

Profile Performance
Performance Summary
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    Financial Performance

    Provision of relevant information about the effectiveness of financial management in local government including efficiency, liquidity, obligations, operating position and stability

    Average residential rate per residential property assessment

    Amount of rates charged on average for each residential property

    Whitehorse City (2018-2019)

    $1,515.72

    Similar Councils (2018-2019)

    $1,670.64

    All Councils (2018-2019)

    $1,669.82

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 $1,421.53 $1,538.99 $1,524.82
    2016-2017 $1,461.10 $1,564.95 $1,571.58
    2017-2018 $1,481.26 $1,607.36 $1,625.06
    2018-2019 $1,515.72 $1,670.64 $1,669.82
    2019-2020 $1,508.39 $1,685.62 $1,708.62
    2020-2021 $1,537.83 $1,717.82 $1,743.39
    2021-2022 $1,567.70 $1,747.10 $1,780.84
    2022-2023 $1,598.01 $1,781.49 $1,818.86

    Whitehorse City Council Says...

    This result confirms Whitehorse City Council's low average rates per assessment and is among the lowest across Metropolitan Melbourne. Future rate increases are anticipated to be in line with the rate cap.

    Expenses per property assessment

    Amount of council expenditure for each property

    Whitehorse City (2018-2019)

    $2,282.15

    Similar Councils (2018-2019)

    $2,717.81

    All Councils (2018-2019)

    $3,322.88

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 $2,148.34 $2,472.81 $2,949.21
    2016-2017 $2,157.02 $2,517.44 $3,076.54
    2017-2018 $2,215.05 $2,605.13 $3,173.85
    2018-2019 $2,282.15 $2,717.81 $3,322.88
    2019-2020 $2,366.88 $2,728.93 $3,247.86
    2020-2021 $2,407.31 $2,751.83 $3,248.25
    2021-2022 $2,421.36 $2,776.95 $3,283.87
    2022-2023 $2,495.32 $2,815.62 $3,335.79

    Whitehorse City Council Says...

    This result demonstrates Council's continual ability to deliver quality services within a responsible budget.

    Percentage of staff turnover

    Number of staff resignations and terminations divided by the average number of staff employed for the year

    Whitehorse City (2018-2019)

    8.74%

    Similar Councils (2018-2019)

    13.45%

    All Councils (2018-2019)

    14.07%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 8.33% 11.26% 11.56%
    2016-2017 10.27% 11.80% 12.10%
    2017-2018 9.84% 11.94% 13.20%
    2018-2019 8.74% 13.45% 14.07%
    2019-2020 15.02% 10.97% 10.28%
    2020-2021 11.96% 10.95% 10.09%
    2021-2022 11.96% 11.10% 10.11%
    2022-2023 11.96% 10.97% 10.03%

    Whitehorse City Council Says...

    This result reflects a fairly stable level of turnover consistent with favourable staff survey results.

    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)

    Whitehorse City (2018-2019)

    489.33%

    Similar Councils (2018-2019)

    271.25%

    All Councils (2018-2019)

    319.74%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 284.31% 224.65% 241.76%
    2016-2017 421.04% 258.38% 293.07%
    2017-2018 495.00% 277.19% 317.53%
    2018-2019 489.33% 271.25% 319.74%
    2019-2020 491.70% 228.63% 250.74%
    2020-2021 482.14% 192.77% 227.10%
    2021-2022 424.62% 188.71% 228.98%
    2022-2023 375.91% 196.32% 236.93%

    Whitehorse City Council Says...

    This demonstrates Council's extremely strong cash position, which will contribute to funding for major community infrastructure projects including the redevelopment of the Nunawading Community Hub and Whitehorse Centre. The decline from the previous year is due to Council's loan shifting from non-current to current liabilities, due for repayment in November 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)

    Whitehorse City (2018-2019)

    343.11%

    Similar Councils (2018-2019)

    94.64%

    All Councils (2018-2019)

    94.27%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 194.18% 87.78% 95.85%
    2016-2017 257.97% 66.92% 96.18%
    2017-2018 307.62% 79.81% 101.05%
    2018-2019 343.11% 94.64% 94.27%
    2019-2020 342.98% 115.30% 138.87%
    2020-2021 324.82% 93.97% 123.19%
    2021-2022 267.33% 87.76% 121.11%
    2022-2023 214.89% 95.80% 125.13%

    Whitehorse City Council Says...

    This demonstrates Council's strong unrestricted cash position, strong operating performance in 2018/19 and reflects the cash available after accounting for trust funds and deposits and statutory reserves. This will contribute to funding for major community infrastructure projects. A decrease in this indicator is expected over future years as Council uses cash reserves as a funding source for major infrastructure projects including the Nunawading Community Hub and Whitehorse Centre redevelopments. The forecast indicator remains strong.

    Asset renewal as a percentage of depreciation

    Expenditure on renewing existing assets or replacing existing assets to their original capability divided by the amount of depreciation on all assets

    Whitehorse City (2018-2019)

    114.32%

    Similar Councils (2018-2019)

    94.82%

    All Councils (2018-2019)

    86.80%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 100.22% 85.90% 76.33%
    2016-2017 103.30% 91.75% 77.30%
    2017-2018 120.06% 90.39% 78.86%
    2018-2019 114.32% 94.82% 86.80%
    2019-2020 207.60% 112.38% 100.63%
    2020-2021 127.46% 106.78% 88.32%
    2021-2022 136.94% 103.96% 86.34%
    2022-2023 128.27% 97.82% 84.91%

    Whitehorse City Council Says...

    This result continues the strong trend of Council's asset renewal expenditure. This demonstrates Council's continual commitment to renew its existing community infrastructure, including the Nunawading Community Hub and Whitehorse Centre redevelopments. This indicator is expected to increase in 2019/20 and then reduce once some of these major projects are completed, however is expected to remain above the desired level of 100%

    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

    Whitehorse City (2018-2019)

    4.37%

    Similar Councils (2018-2019)

    14.57%

    All Councils (2018-2019)

    16.44%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 5.62% 20.42% 22.66%
    2016-2017 5.03% 18.25% 20.75%
    2017-2018 4.57% 15.69% 18.05%
    2018-2019 4.37% 14.57% 16.44%
    2019-2020 0.00% 15.64% 18.18%
    2020-2021 0.00% 16.18% 18.97%
    2021-2022 0.00% 17.32% 18.12%
    2022-2023 0.00% 15.97% 16.91%

    Whitehorse City Council Says...

    Council continues to have a relatively low level of current borrowings which is expected to reduce to nil in 2019/20 when the current loan is repaid. There were no new borrowings in the 2018/19 year and this is not expected to change over the forecasted period.

    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

    Whitehorse City (2018-2019)

    0.23%

    Similar Councils (2018-2019)

    2.35%

    All Councils (2018-2019)

    2.68%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 0.67% 3.37% 4.60%
    2016-2017 0.62% 3.05% 3.62%
    2017-2018 0.51% 2.97% 3.38%
    2018-2019 0.23% 2.35% 2.68%
    2019-2020 4.27% 3.22% 4.46%
    2020-2021 0.00% 1.93% 2.54%
    2021-2022 0.00% 4.25% 4.23%
    2022-2023 0.00% 2.97% 2.88%

    Whitehorse City Council Says...

    Consistent with the loan and borrowings compared to rates ratio, Council continues to have a relatively low level of current borrowings with the associated interest and principle repayments. There were no new borrowings in the 2018/19 year and this is not expected to change over the forecasted period.

    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

    Whitehorse City (2018-2019)

    1.22%

    Similar Councils (2018-2019)

    10.49%

    All Councils (2018-2019)

    17.93%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 5.75% 16.36% 24.65%
    2016-2017 5.10% 14.00% 22.64%
    2017-2018 4.44% 12.16% 20.63%
    2018-2019 1.22% 10.49% 17.93%
    2019-2020 1.43% 12.84% 20.75%
    2020-2021 1.43% 11.67% 19.58%
    2021-2022 1.44% 13.56% 19.64%
    2022-2023 1.45% 12.96% 18.92%

    Whitehorse City Council Says...

    This result has significantly improved as a result of Council's loan shifting from non-current to current at 30 June 2019. This result demonstrates Council's continual ability to meet its long term obligations, and is expected to be consistent over the forecast period.

    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

    Whitehorse City (2018-2019)

    29.45%

    Similar Councils (2018-2019)

    9.09%

    All Councils (2018-2019)

    4.24%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 15.25% 8.78% -1.22%
    2016-2017 20.84% 12.63% 9.00%
    2017-2018 17.85% 10.20% 4.80%
    2018-2019 29.45% 9.09% 4.24%
    2019-2020 11.33% 6.65% 0.50%
    2020-2021 12.21% 7.75% 2.94%
    2021-2022 11.45% 7.90% 3.32%
    2022-2023 9.92% 8.31% 4.54%

    Whitehorse City Council Says...

    This result represents another strong result for 2018/19, which is partly due to the one-off $34.84 million gain on sale of a property 517-521 Station Street, Box hill. The forecast trend is expected to gradually decline due to the impact of rate capping.

    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

    Whitehorse City (2018-2019)

    48.24%

    Similar Councils (2018-2019)

    65.52%

    All Councils (2018-2019)

    59.45%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 58.34% 67.51% 63.99%
    2016-2017 55.21% 65.08% 57.59%
    2017-2018 56.39% 65.51% 59.55%
    2018-2019 48.24% 65.52% 59.45%
    2019-2020 59.01% 68.58% 64.05%
    2020-2021 58.45% 68.43% 63.74%
    2021-2022 58.88% 68.83% 64.23%
    2022-2023 59.15% 68.90% 64.09%

    Whitehorse City Council Says...

    This result is favourable compared to previous and forecast years due to the one-off $34.84 million gain from the sale of 517-521 Station Street, Box Hill. Future year results are expected to be consistent with the prior year trend.

    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

    Whitehorse City (2018-2019)

    0.15%

    Similar Councils (2018-2019)

    0.21%

    All Councils (2018-2019)

    0.42%

    Performance Trend

    Table view Graph view
    Reporting Period Whitehorse City Similar Councils All Councils
    2015-2016 0.21% 0.48% 0.53%
    2016-2017 0.17% 0.24% 0.45%
    2017-2018 0.17% 0.25% 0.46%
    2018-2019 0.15% 0.21% 0.42%
    2019-2020 0.17% 0.23% 0.42%
    2020-2021 0.18% 0.23% 0.42%
    2021-2022 0.17% 0.23% 0.43%
    2022-2023 0.16% 0.23% 0.43%

    Whitehorse City Council Says...

    This result illustrates the relatively low rating burden for the Whitehorse community that will stay low over the forecasted period.
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