cash/liquidity position - ku-ring-gai council - home council annual report 2010 - 2011 21...

Ku-ring-gai Council Annual Report 2010 - 2011 21

Cash/liquidity position Indicator 1 Cash/liquidity position - after accounting for external reservesIndicator title: 1.1 Unrestricted current ratio - current assets less all external restricted assets /current liabilities less specific purpose liabilities

Indicator/Local Government benchmark: Greater than 2:1 Between 1:1 and 2:1 Less than 1:1 Successive years > 10:1

Year ended June 2010




2.03:1

2.14:1

2.11:1

1.84:1Commentary

The purpose of this ratio is to assess the adequacy of working capital and the abil-ity to satisfy obligations in the short term for the unrestricted activities of Council.

Council’s liquidity is satisfactory. Council can easily pay its debts as they fall due.

Indicator title: 1.2 available cash position ($’000)(a) Available cash assets - cash assets less externally restricted assets(b) Unrestricted available cash assets - available cash assets less internally restricted assets

Indicator/Local Government benchmark: For information only

Indicator title: 1.3 availability of cash assets as a % of total revenue(a) Available cash assets - available cash assets / total ordinary revenue before capital(b) Unrestricted available cash assets - unrestricted available cash assets / total ordinary revenue before capital

Indicator/Local Government benchmark: For information only

Year ended June 2012 $17,330 $4,000

Year ended June 2013 19.95% 4.29%

Year ended June 2013 $19,540 $4,200

Year ended June 2014 18.05% 4.21%

Year ended June 2014 $18,450 $4,300

Year ended June 2011 32.88% 3.97%

Year ended June 2011 $31,094 $3,755

Year ended June 2012 18.35% 4.24%

(a) (b)

(a) (b)

Commentary

This indicator is used to interpret indicator 1.1 in $ amount. Adequate funds available, providing the capacity to respond to opportunities or react to unforeseen commitments that may arise.

Commentary

This indicator is used to interpret indicator 1.1 in % amount. This demonstrates that Council funds are available either for unplanned works or commitments or the existence of emergency provisions.


Collection performance Indicator 5 Collection performanceIndicator title: 5.1 Outstanding rates, charges and fees - total outstanding rates charges and fees/ invoices raised plus arrears brought

forward5.2 Rates, annual, interest and extra charges outstanding - rates, annual, interest and extra charges outstanding/rates annual, interest and extra charges collectible

Indicator/Local Government benchmark: <4% 4%-5% >5%

Re-votes of expenditureIndicator 6 Re-votes of expenditureIndicator title: Re-votes of expenditure - re-votes/ordinary and capital expenditure

Indicator/Local Government benchmark: <2% 2% to 5% >5%

10.39%

3.53%

9.71%

Commentary

5.1 Outstanding Rates, Charges & Fees indicator assesses the impact of uncollected rates and annual charges & Fees on liquidity and measures the effectiveness/adequacy of Council in recovering all debts legally owed to it. It should be noted that $484K in sundry debtors was raised in June 2011, which equates to 0.6% outstanding.

5.2 Rates, Annual charges, Interest and Extra charges outstanding assess-es only the impact of Rates, Annual charges, Interest and Extra charges on liquidity and the adequacy of recovery efforts and is acceptable.

Commentary

The existence of re-votes at year end indicates that funded projects/outcomes were not delivered in accordance with the delivery program and operational plan.

Quarterly project review meetings between Finance, Directors and Managers was introduced in 2010/11. Further improvement is still required in the budget planning of “agreed works. Major re-votes include Depot relocation $1.8M, NTRA Sewer Mining $1.1M, Acquisition of 32 Dumaresq St, Gordon $2.4M and acquisition of 36 McIntyre Ave, Gordon $1.8M. These projects will continue to be advanced in the coming year.

Year ended June 2013 3.90% 3.05%




5.1 5.2





16.22%

3.90%

2.23%

2.58%

Debt service ratio Indicator 4 Debt service ratioIndicator title: Debt service ratio - net debt service cost/revenue from continuing operations excluding capital items and specific purpose grants and contributions

Indicator/Local Government benchmark: <10% 10%-15% >15%

Commentary

This indicator shows the amount of annual revenue necessary to service annual debt obligations (loan repayments). The purpose of this ratio is to assess the impact of loan principal and interest repayment on the discretionary revenue of Council. Council’s abil-ity to service its debt is excellent. Council maintains a 4% target, based on community projects which have no specific returns, with repayments funded from general revenue. Council’s borrowing policy allows us to go over 4%, where new revenue or reduction in expenses can be identified. The Long Term Financial Plan assumes $11.5M loan bor-rowings in 2011/12 and nil borrowings for the following two (2) years.Year ended June 2014




3.71%


Depot on the move Our works depot is being relocated from Gordon to Pymble in a move that will create around $3 million in surplus funds for community projects.

The new depot will be built in a light industrial area in Suakin St, Pymble next to our new office building in Bridge St.

The surplus funds come from last year’s sale of the old works depot site in Carlotta Ave, Gordon to UnitingCare Ageing.

The aged care provider will develop the site with a range of accommodation and facilities for older people including afford-able housing and independent living units.

The move has the added advantage of shifting the depot from a residential area to a light industrial area.

Proposed new depot site, Pymble

Regulation and enforcementKey Features• 20 Vegetation protection signs• 349 bushland dumping and encroachment investigations• Two Dob in a Dumper campaign• Over 763 participants at Bush Neighbour Days• 22 recruitments to the Bushcare program• 1306 letters of request to residents• Properties surrounding 12 reserves monitored for encroach-

ment• 3,139 surveys sent to residents regarding the bushland

adjacent to their house.• 4,445 Letters with informed brochures to assist in behaviour

change• Protection of salt marsh through awareness campaign and

educational walk• 27 voluntary compliance agreements

Monitoring and evaluationKey Features• 13 threatened flora species monitored on public land• Key vegetation communities within private and pub-

lic lands mapped• 40 staff trained in phytophthora identification and

management• 2,500 self completion levy satisfaction question-

naires distributed to residents• Quarterly newsletter and E-News distribution• Bird surveys completed at 17 selected Bushcare

sites over three years• 115 staff trained to assist protection in Water Sensi-

tive Urban Design and Riparian zones• We are a member of the ‘Cities as Water Supply

Catchments’ group• Creek water quality at nine sites• Remote monitoring of water levels at harvesting

sites

40 Ku-ring-gai Council Annual Report 2010 - 2011

LGA-wide projects:Backyard Buddies (WildThings)GreenstyleClimateCleverShopPhytphthera testing programEnvironmental Education programBushland encroachment regulationGraphic artistFirewise kit distributionBush Neighbour Days Bio Box distributionInterpretive signs and brochuresString bag distributionThreatened species signsEndangered Ecological Communities signsThreatened species bookletsLevy satisfaction surveyBird surveyWater quality monitoringBiodiversity monitoringParkcareStreetcareBushcareAerial satellite mappingWeed inspectorial

Area specific projects1. Endangered Ecological Community protection, St Ives Showground2. Fencing and regeneration of Duffy’s Forest3. Fire education4. WSUD Normurra rain gardens5. Windsor Street stormwater outlet protection6. Sandstone capping and stormwater outlet protection7. Bush neighbours8. Community mural9. Endangered Ecological Community regeneration, Acron Oval10. Bush Neighbours11. Endangered Ecological Commu-nity regeneration, Maddison Reserve12. Maddison Reserve stormwater outlet protection13. Birubi WSUD14. Endangered Ecological Commu-nity regeneration, Bannockburn Oval15. Bush neighbours16. Endangered Ecological Commu-nity regeneration, Browns Forest17. Stormwater outlet protection18. Barra Brui stormwater harvesting and regeneration19. Endangered Ecological Commu-nity regeneration, Orana Street20. Endangered Ecological Commu-nity regeneration, Richmond Park21. Bush Neighbours

22. Allan Small stormwater harvesting and vegetation management23. Harry Seidler Regeneration24. Wattle Street storm water outlet protection25. Swain Gardens Shot Machine creek regeneration26. Seven Little Australians regenera-tion and trail restoration27. Stormwater harvesting, Lindfield Soldiers Memorial Oval28. Community mural29. Bush neighbours30. Edenborough Oval stormwater harvesting and community mural31. Edenborough walking track32. Little Blue Gum Creek regenera-tion33. Bush neighbours34. Wyuna to Blackbutt regeneration35. Asset Protection Zone vegetation control, Kooloona Crescent36. WSUD rain garden, Kooloona Crescent37. Pre and Post fire regeneration, Blackbutt38. Bolwarra Ave stormwater outlet construction and vegetation manage-ment39. Lofberg Oval stormwater harvest-ing40. WSUD swales, Inverallan41. Minnamurra vegetation regenera-tion42. Maintenance of Enviro Pods within catchment43. Hammond Park walking track44. Endangered Ecological Commu-nity regeneration, Hammond reserve45. Stormwater harvesting, water tank, Endangered Ecological Community re-generation, Community Mural, Auluba Oval46. WSUD, Canoon Road47. Fire education48. Stormwater harvesting, Com-menarra oval49. Bush Neighbours50. Rofe to Sheldon walking track51. Sheldon pre-fire weeding52. Endangered Ecological Commu-nity regeneration, Sheldon Forest53. Regeneration, Avondale Creek54. Fire education55. Fire education56. Endangered Ecological Commu-nity regeneration, Browns Field57. Endangered Ecological Communi-ty regeneration, Blytheswood Avenue58. Bush Neighbours59. Endangered Ecological Commu-nity regeneration, The Glade

60. Coupes Creek riparian restoration61. Endangered Ecological Commu-nity regeneration, Karuah Road62. Chilton storm water outlet protec-tion63. Endangered Ecological Commu-nity regeneration, Mona Street64. Endangered Ecological Commu-nity regeneration, Turiban Reserve65. Asset Protection Zone vegetation management, Kokoda Crescent66. Stormwater harvesting and veg-etation protection, Cliff Oval67. North Wahroonga to North Turra-murra fire trail construction68. Du Faur wetland construction


Environmental Levy LGA-wide projects

cash/liquidity position - ku-ring-gai council - home council annual report 2010 - 2011 21...

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