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Wyndham 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

Wyndham City (2019-2020)

$3,408.97

Similar Councils (2019-2020)

$3,054.36

All Councils (2019-2020)

$3,402.81

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 $3,349.98 $2,637.94 $3,076.54
2017-2018 $3,693.47 $2,747.64 $3,173.85
2018-2019 $3,284.77 $2,825.40 $3,322.88
2019-2020 $3,408.97 $3,054.36 $3,402.81
2020-2021 $3,602.17 $2,987.64 $3,387.06
2021-2022 $3,703.00 $2,996.97 $3,325.18
2022-2023 $3,682.06 $3,019.34 $3,361.73
2023-2024 $3,708.22 $3,023.55 $3,407.05

Wyndham City Council Says...

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.

Wyndham City (2019-2020)

$1,789.14

Similar Councils (2019-2020)

$1,782.91

All Councils (2019-2020)

$1,774.72

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2019-2020 $1,789.14 $1,782.91 $1,774.72
2020-2021 $1,823.08 $1,807.35 $1,800.94
2021-2022 $1,848.52 $1,849.70 $1,837.61
2022-2023 $1,894.15 $1,878.74 $1,871.38
2023-2024 $1,940.69 $1,914.33 $1,905.41

Wyndham City Council Says...

No material variation. New indicator in 2020

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)

Wyndham City (2019-2020)

596.57%

Similar Councils (2019-2020)

341.06%

All Councils (2019-2020)

291.35%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 490.13% 364.28% 293.07%
2017-2018 485.67% 390.39% 317.53%
2018-2019 434.54% 365.87% 319.74%
2019-2020 596.57% 341.06% 291.35%
2020-2021 567.31% 332.09% 256.19%
2021-2022 491.98% 320.92% 237.21%
2022-2023 446.16% 320.54% 233.01%
2023-2024 411.27% 338.05% 230.24%

Wyndham City Council Says...

This ratio measures the Council capacity to cover its immediate liability with current assets. In comparison to 2018/19 the ratio was higher mainly due to increase in restricted funds held in short term deposits and unrestricted cash held in Bank. This enabled Council to effectively manage its operational liquidity requirements and risk associated with COVID-19 related closures and restrictions during the fourth quarter.

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)

Wyndham City (2019-2020)

114.49%

Similar Councils (2019-2020)

60.25%

All Councils (2019-2020)

88.99%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 150.47% 96.64% 96.18%
2017-2018 172.01% 87.83% 101.05%
2018-2019 89.00% 74.90% 94.27%
2019-2020 114.49% 60.25% 88.99%
2020-2021 79.64% 94.47% 125.03%
2021-2022 113.54% 84.00% 113.21%
2022-2023 117.42% 81.24% 107.84%
2023-2024 108.23% 87.34% 103.97%

Wyndham City Council Says...

The increase from 2018/19 is largely driven by higher cash balances held in Bank as unrestricted cash to adequately manage Council's operational liquidity requirements and risks associated with COVID-19 related closures and restrictions. In 2020/21, the ratio is expected to drop as Council is forecasting comparatively less cash collection from rates revenue as a result of hardship relief provided to the impacted ratepayers. The ratio is forecast to recover and remain stable in outer years.

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

Wyndham City (2019-2020)

25.09%

Similar Councils (2019-2020)

15.80%

All Councils (2019-2020)

15.03%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 31.75% 23.63% 20.75%
2017-2018 29.34% 20.61% 18.05%
2018-2019 27.32% 17.42% 16.44%
2019-2020 25.09% 15.80% 15.03%
2020-2021 40.79% 20.96% 20.35%
2021-2022 22.17% 18.04% 20.87%
2022-2023 20.70% 17.16% 20.76%
2023-2024 19.40% 16.53% 19.72%

Wyndham City Council Says...

The ratio of loans compared to rates has decreased in comparison to the prior year due to the level of borrowings remaining unchanged, whilst rates revenue increased. This indicator is forecast to rise in 2020/21 due to the planned early renewal of $40M of borrowings due to mature in 2021/22.

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

Wyndham City (2019-2020)

1.30%

Similar Councils (2019-2020)

2.98%

All Councils (2019-2020)

4.73%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 1.43% 4.07% 3.62%
2017-2018 1.30% 4.35% 3.38%
2018-2019 1.20% 2.97% 2.68%
2019-2020 1.30% 2.98% 4.73%
2020-2021 1.44% 3.03% 3.19%
2021-2022 17.00% 5.09% 4.00%
2022-2023 0.56% 3.14% 3.18%
2023-2024 0.52% 2.81% 2.76%

Wyndham City Council Says...

The Ratio is forecast to rise in 2021/22 due to the repayment $40M of borrowings, which is due to mature in that year.

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

Wyndham City (2019-2020)

29.55%

Similar Councils (2019-2020)

22.06%

All Councils (2019-2020)

21.38%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 33.21% 24.80% 22.64%
2017-2018 28.40% 21.45% 20.63%
2018-2019 21.37% 17.55% 17.93%
2019-2020 29.55% 22.06% 21.38%
2020-2021 37.49% 24.42% 23.21%
2021-2022 23.65% 21.14% 23.31%
2022-2023 22.04% 20.68% 22.91%
2023-2024 21.89% 20.91% 21.93%

Wyndham City Council Says...

This ratio was lower in 2018/19 due to the landfill rehabilitation provision largely classified as current liabilities resulting in lower proportion of non-current liabilities in comparison to council own source revenue. The Ratio is forecast to rise in 2020/21 due to higher non-current liabilities as a result of early renewal of $40M of borrowings, which is due to mature in 2021/22.

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.

Wyndham City (2019-2020)

73.02%

Similar Councils (2019-2020)

93.75%

All Councils (2019-2020)

115.25%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2019-2020 73.02% 93.75% 115.25%
2020-2021 44.72% 118.13% 145.11%
2021-2022 49.28% 101.77% 127.27%
2022-2023 61.55% 103.38% 117.87%
2023-2024 42.39% 100.84% 111.75%

Wyndham City Council Says...

This ratio compares the rate of spending on existing assets through renewing, restoring, replacing or upgrading existing assets with depreciation. The ratio is within the expected range for 2019/20 and outer years as level of funding allocated to asset renewal and upgrade is reviewed as part of the planning and budgeting process and prioritised based on asset condition assessments. New indicator in 2020.

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

Wyndham City (2019-2020)

-3.32%

Similar Councils (2019-2020)

-3.41%

All Councils (2019-2020)

-0.05%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 7.80% 12.45% 9.00%
2017-2018 -4.94% 10.16% 4.80%
2018-2019 2.72% 5.49% 4.24%
2019-2020 -3.32% -3.41% -0.05%
2020-2021 -13.84% -3.51% -3.27%
2021-2022 -8.63% 1.44% 1.69%
2022-2023 -7.49% 2.50% 1.90%
2023-2024 -7.43% 3.66% 2.22%

Wyndham City Council Says...

The ratio has declined in 2019/20 due to a number of factors, including depreciation on Council's growing asset base and higher material and services expenses. The ratio is expected to deteriorate further in 2020/21 due to these factors as well as the impacts from COVID-19, such as the reduction in User Fees associated with the Wyndham Leisure Services closures and reduced infringements revenue. The ratio is expected to show improvements in the outer years as Council recovers from the COVID-19 pandemic.

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

Wyndham City (2019-2020)

61.52%

Similar Councils (2019-2020)

70.94%

All Councils (2019-2020)

61.87%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 53.35% 64.80% 57.59%
2017-2018 55.83% 64.56% 59.55%
2018-2019 58.92% 67.67% 59.45%
2019-2020 61.52% 70.94% 61.87%
2020-2021 65.51% 73.27% 64.72%
2021-2022 61.78% 71.62% 64.15%
2022-2023 63.10% 71.96% 64.63%
2023-2024 64.24% 72.33% 64.81%

Wyndham City Council Says...

The rates concentration ratio increased to 61.5% in 2019/20, indicating a comparatively higher reliance on rates in comparison to previous years. The ratio indicates a steady reliance on rate revenue compared to all other revenue sources for outer years

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

Wyndham City (2019-2020)

0.33%

Similar Councils (2019-2020)

0.32%

All Councils (2019-2020)

0.41%

Performance Trend

Reporting Period Wyndham City Similar Councils All Councils
2016-2017 0.41% 0.38% 0.45%
2017-2018 0.32% 0.37% 0.46%
2018-2019 0.32% 0.31% 0.42%
2019-2020 0.33% 0.32% 0.41%
2020-2021 0.35% 0.32% 0.40%
2021-2022 0.36% 0.33% 0.41%
2022-2023 0.38% 0.34% 0.41%
2023-2024 0.39% 0.35% 0.42%

Wyndham City Council Says...

Rates revenue compared to property values remains at a consistent level.