4. Financial performance indicators 6-7 The following table highlights Council’s current and projected performance across a range of key financial performance indicators. These indicators provide a useful analysis of Council’s financial position and performance and should be interpreted in the context of the organisation’s objectives. Strategic Resource Plan Indicator Measure Actual Forecast Budget Projections Trend 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 +/o/- Notes Operating position Adjusted underlying result 1 (1.3%) (6.7%) (6.2%) (4.9%) (3.8%) (3.0%) + Adjusted underlying surplus (deficit) / Adjusted underlying revenue Liquidity Working Capital 2 o 220.3% 240.6% 139.4% 139.7% 139.6% 139.7% Current assets / current liabilities Unrestricted cash o 101.0% 127.2% 88.7% 95.9% 96.1% 96.3% Unrestricted cash / current liabilities Obligations Loans and borrowings 3 12.3% 14.7% 11.2% 8.1% 9.4% 6.4% + Interest bearing loans and borrowings / rate revenue Loans and borrowings 3.2% 3.7% 3.4% 3.0% 3.2% 3.2% + Interest and principal repayments on interest bearing and borrowings / rate revenue Indebtedness 9.0% 10.8% 8.2% 6.0% 6.9% 4.7% + Non-current liabilities / own source revenue renewal 4 102.6% 87.1% 120.4% 104.9% 83.5% 83.3% - Asset renewal expenses / Asset depreciation Stability 5 56.3% 59.0% 60.3% 62.0% 63.0% 63.7% - Rates concentration Rate revenue / adjusted underlying revenue Rates effort 0.4% 0.4% 0.4% 0.4% 0.4% 0.5% o Rate revenue / CIV of rateable properties in the municipality Efficiency Expenditure level $1,302 $1,318 $1,340 $1,355 $1,377 $1,406 + Total expenses/ no. of property assessments
4. Financial performance indicators 6-7 The following table highlights Council’s current and projected performance across a range of key financial performance indicators. These indicators provide a useful analysis of Council’s financial position and performance and should be interpreted in the context of the organisation’s objectives. Indicator Measure Notes Actual Forecast Budget Strategic Resource Plan Projections Trend 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 +/o/- Operating position Adjusted underlying result Adjusted underlying surplus (deficit) / Adjusted underlying revenue 1 (1.3%) (6.7%) (6.2%) (4.9%) (3.8%) (3.0%) + Liquidity Working Capital Current assets / current liabilities 2 220.3% 240.6% 139.4% 139.7% 139.6% 139.7% o Unrestricted cash Unrestricted cash / current liabilities 101.0% 127.2% 88.7% 95.9% 96.1% 96.3% o Obligations Loans and borrowings Interest bearing loans and borrowings / rate revenue 3 12.3% 14.7% 11.2% 8.1% 9.4% 6.4% + Loans and borrowings Interest and principal repayments on interest bearing and borrowings / rate revenue 3.2% 3.7% 3.4% 3.0% 3.2% 3.2% + Indebtedness Non-current liabilities / own source revenue 9.0% 10.8% 8.2% 6.0% 6.9% 4.7% + renewal Asset renewal expenses / Asset depreciation 4 102.6% 87.1% 120.4% 104.9% 83.5% 83.3% - Stability Rates concentration Rate revenue / adjusted underlying revenue 5 56.3% 59.0% 60.3% 62.0% 63.0% 63.7% - Rates effort Rate revenue / CIV of rateable properties in the municipality 0.4% 0.4% 0.4% 0.4% 0.4% 0.5% o Efficiency Expenditure level Total expenses/ no. of property assessments $1,302 $1,318 $1,340 $1,355 $1,377 $1,406 +
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