City of Kalgoorlie-Boulder CEO John Walker said the City was pleased to see the City’s Financial Health Index ranking dramatically improve in the latest mycouncil results, announced on Friday by Minister for Local Government David Templeman.
The mycouncil website, which was launched by the State Government in 2016, gives the community access to local government financial performance data for Councils and measures their financial health.
Mr Walker said the dramatic improvement in City of Kalgoorlie-Boulder’s ranking was a result of the financial austerity measurements put in place in 2016, and showed the positive results that became evident through the 2016/17 financial year.
“We are really pleased with these results, as they are now starting to reflect the significant budget repair work that the City has been doing. We have jumped from 139 out of 140 to now sitting in the top 25 of all Councils in the state,” he said.
“These results are based on figures from last financial year, and we have improved our Financial Health Indicator score from 18/100 in 2015/16 to 91/100 in 2016/17, which I think everyone can agree is a dramatic improvement.
“Kalgoorlie-Boulder is actually sitting as one of the highest placed large regional local governments, equal with the City of Greater Geraldton, with a financial health index rating of 91, followed by the City of Karratha on 89, the City of Albany on 63, the City of Bunbury on 62 and the Town of Port Headland on 60.
“During the 2015/16 financial year, the City of Kalgoorlie-Boulder took drastic steps to guarantee the long term financial sustainability of our organisation, and we are now seeing these efforts pay off.
“To get an idea of how significant the Financial Health Index ranking of 91 is, the State average score for 2016/17 was 75, the regional average was 74 and the metro average was 78, so it is safe to say that we are definitely above average.
“We have continued to deliver on existing projects, launched some new projects, and we delivered a cash surplus of about $7.3million at the end of the 2016/17 financial year, which stands us in good stead for the future.”