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Performance against Annual Business Plan 2011/2012
The following is a high level summary of operating and capital investment activities of the Council.
The presentation represents a simplified version of reporting under the Government Finance Statistics
(GFS) framework of the Australian Bureau of Statistics and is used uniformly across Local Government
in South Australia.
Uniform Presentation of Finances
2011-2012
Budget
$
2011-2012
Actual
$
Operating Revenues
99,455,200
101,570,434
less Operating Expenses
(99,239,100)
(97,683,341)
Operating Surplus before Capital Amounts
216,100
3,887,093
Less Net Outlays on Existing Assets
Capital expenditure on renewal & replacement of assets
16,272,500
14,999,405
less Depreciation, Amortisation and Impairment
(24,167,400)
(24,097,826)
less Proceeds from sale of replaced assets
(1,393,800)
(927,250)
((9,288,700)
(10,025,670)
Less Net Outlays on New and Upgraded Assets
Capital expenditure on new and upgraded assets
12,810,000
9,178,714
less Amounts received for new and upgraded assets
(1,324,000)
(1,755,068)
Less Proceeds from sale of surplus assets
0
0
11,324,000
7,423,646
Net Lending / (Borrowing) for Year
(1,981,200)
6,489,118
These Financial Indicators have been calculated in accordance with Information Paper 9 – Local
Government Financial Indicators, prepared as part of the LGA Financial Sustainability Program
for the Local Government Association of South Australia.
Indicator Description
2011/12
Budget
2011/12
Actual
Operating Surplus Ratio
This ratio expresses the operating surplus/(deficit) as a percentage of general and
other rates, net of NRM Levy.
0%
5%
Net Financial Liabilities Ratio
This ratio expresses net financial liabilities as a percentage of operating revenue,
net of NRM Levy.
Net Financial Liabilities are defined as total liabilities less financial assets
excluding equity accounted investment.
9%
(4%)
Asset Sustainability Ratio
This ratio expresses net asset renewals as a percentage of depreciation expense.
Net asset renewal expenditure is defined as net capital expenditure on
the renewal and replacement of existing assets, and excludes new capital
expenditure on the acquisition of additional assets.
62%
58%