Victorian Local Government Indicators The listed financial indicators are requested by the Department of Transport, Planning and Local Infrastructure from each Council in Victoria to provide a comparison of financial performance across Councils. Indicator 2012-2013 2013-2014 1. Average Rates and Charges per Assessment Total rates and charges net billed $160,158,000 $170,766,000 $1,481.07 $1,547.80 per per Number of assessment assessment assessments 108,137 110,328 budget Council's rates per assessment and rates per residential assessment have increased in line with the population and housing growth and the budgeted rates increases. 2. Average Rates and Charges per Residential Assessment Rates and charges declared for residential and garbage and $1,242.48 municipal charge $1,297.36 per per excluding vacant residential residential land $117,798,695 $125,409,461 assessment assessment Number of 94,809 96,665 residential assessments budget Council's rates per assessment and rates per residential assessment have increased in line with the population and housing growth and the budgeted rates increases. 3. Average Liability per Assessment Total liabilities $99,512,000 $110,345,000 $920.24 per $1,000.15 per Number of assessment assessment assessments 108,137 110,328 budget Liabilities per assessment has increased as a result of the drawing down of the $11.8 million loan and the increased value of accruals for milestone claims for major capital projects. 4. Operating Result per Assessment Net Surplus $59,185,000 $547.31 per $40,771,000 $369.54 per assessment assessment Number of 108,137 110,328 assessments budget The operating result per assessment has decreased due to a significant decrease in the surplus as a result of Grants Commission funding being received in June 2013 for the 2013-2014 financial year. This is partially offset by increased rate revenue. Salaries were higher due to the filling of vacant positions during the year.
Victorian Local Government Indicators The listed financial indicators are requested by the Department of Transport, Planning and Local Infrastructure from each Council in Victoria to provide a comparison of financial performance across Councils. Indicator 2012-2013 2013-2014 1. Average Rates and Charges per Assessment Total rates and charges net billed $160,158,000 $1,481.07 per assessment $170,766,000 $1,547.80 per assessment Number of assessments budget 108,137 110,328 Council's rates per assessment and rates per residential assessment have increased in line with the population and housing growth and the budgeted rates increases. 2. Average Rates and Charges per Residential Assessment Rates and charges declared for residential and garbage and municipal charge excluding vacant land $117,798,695 $1,242.48 per residential assessment $125,409,461 $1,297.36 per residential assessment Number of residential assessments budget 94,809 96,665 Council's rates per assessment and rates per residential assessment have increased in line with the population and housing growth and the budgeted rates increases. 3. Average Liability per Assessment Total liabilities $99,512,000 $920.24 per assessment $110,345,000 $1,000.15 per assessment Number of assessments budget 108,137 110,328 Liabilities per assessment has increased as a result of the drawing down of the $11.8 million loan and the increased value of accruals for milestone claims for major capital projects. 4. Operating Result per Assessment Net Surplus $59,185,000 $547.31 per assessment $40,771,000 $369.54 per assessment Number of assessments budget 108,137 110,328 The operating result per assessment has decreased due to a significant decrease in the surplus as a result of Grants Commission funding being received in June 2013 for the 2013-2014 financial year. This is partially offset by increased rate revenue. Salaries were higher due to the filling of vacant positions during the year.
8d1a6c3f7d609dc-Annual%20Report%202013-14%20eText%20version.docx