We not only monitor our performance against the Long Term Financial Plan and the annual budget, but we have also developed measures to assess our long term financial sustainability. We use Financial Health Check Performance Indicators including the unrestricted current ratio, operating result, debt service ratio and capital expenditure ratio. The Statement of Performance Measures is in accordance with Note 13 – Statement of Performance Measures of the current Local Government Code of Accounting Practice.
As a forecast of our financial performance, the following four Key Financial Indicators are provided:
- Cash/liquidity position
- Operating result
- Asset renewal expenditure