ABOUT COUNCIL - Parramatta City Council - NSW Government

DEBT SERVICE RATIOThe Debt Service Ratio assesses the degree to which revenuesare committed to the repayment of debt. In 2010/11, 5.75 percent of our total revenue was committed to the repayment ofdebt. This compares favourably with the industry benchmarkof 10 per cent.DEBT SERVICE RATIOPer cent8765432106.8006/076.866.49Parramatta7.3207/08 08/09 09/10 10/11(Group average figures not available for 2010/11)Group Average5.75RATE COVERAGE RATIOThe Rate Coverage Ratio assesses the degree of dependenceupon revenue from rates and annual charges. In 2010/11,58.65 per cent of our revenue was derived from rates andannual charges. This figure consistently remains aroundthe 60 per cent mark and reflects Council’s reliance on raterevenues.RATE COVERAGE RATIOPer cent70605040302010061.8406/0761.4560.79Parramatta59.4507/08 08/09 09/10 10/11(Group average figures not available for 2010/11)Group Average59.15BUILDING AND INFRASTRUCTURE RENEWAL RATIOThe Building and Infrastructure Renewals Ratio measures theamount being expended by Council to renew its assets as apercentage of its depreciation expense. In 2010/11 Councilspent $49.27 for every $100 of depreciation. The reductionis due to a one-off reduction in capital expenditure and anincrease in depreciation. $3.6 million was transferred tothe asset replacement reserve during the year which will beutilised in future years for asset renewal.BUILDING AND INFRASTRUCTURE RENEWAL RATIORatio1.501.251.000.750.500.250.000.9806/071.350.91Parramatta1.0107/08 08/09 09/10 10/11(Group average figures not available for 2010/11)Group Average0.49PARRAMATTA CITY COUNCIL - ANNUAL REPORT 2010/1169