Budget & finances
Comparing raw dollar totals between councils isn't very useful — bigger councils naturally have bigger numbers. What does tell you about a council's financial health are normalised indicators: the standard ratios that every NSW council reports against the Office of Local Government's benchmarks, plus per-property figures you can compare to the NSW average. The ratios below are from the NSW Government's 'Your Council' / OLG time-series data for 2023–24 — the first full year after the council returned to elected representation.
New to these terms? Read them in plain English
- Operating performance ratio
- Whether everyday income covers everyday running costs.
- Own-source operating revenue ratio
- How much of the council's income it raises itself vs. grants from other governments.
- Unrestricted current ratio
- Whether the council has enough spare cash to pay its short-term bills.
- Debt service cover ratio
- How comfortably operating cash covers the council's loan repayments.
- Rates & annual charges outstanding ratio
- The share of rates bills that haven't been paid by year-end.
- Cash expense cover ratio
- How many months the council could keep paying bills if income stopped.
- Infrastructure backlog ratio
- The cost of fixing run-down assets, as a share of what those assets are worth.
- Asset maintenance ratio
- Whether the council actually spends what it should on maintaining its assets.
- Building & infrastructure renewals ratio
- Whether assets are being renewed as fast as they wear out.
- Operating result (surplus / deficit)
- Income minus expenses for the year's normal operations.
- OLG benchmark
- The healthy target set by the state for each financial ratio.
- Average residential rate
- The typical yearly general-rates bill for a home in the area.
- Office of Local Government (OLG)
- The NSW body overseeing councils; publishes the financial data.
- $1,339 / yearAbout 17% above the NSW council average of ~$1,140. A separate domestic waste charge (~$575) applies. (OLG 'Your Council' data.)
- Operating surplus — performance ratio +6.0%Above the >0% benchmark.
- Liquidity & cash
- Strong liquidity (6.55×), ~6.4 months cash; debt service cover 2.15× (passes)Unrestricted current ratio and cash cover both well above their benchmarks.
- Infrastructure
- Backlog 2.1% (just above benchmark); asset maintenance 53.8% (below)The infrastructure ratios are the council's weaker area this year.
- Self-funding
- Own-source revenue 80.4% (passes)Above the >60% benchmark — relatively low reliance on grants.
- Domestic waste charge (2023–24)
- $575 / yearA separate annual charge that funds the bin service.
| Indicator (2023–24) | Central Coast | Meets? | |
|---|---|---|---|
| 6.0% | > 0% | Yes | |
| 80.4% | > 60% | Yes | |
| 6.55× | > 1.5× | Yes | |
| 2.15× | > 2× | Yes | |
| 3.4% | < 5% | Yes | |
| 6.4 months | > 3 months | Yes | |
| 2.1% | < 2% | No | |
| 53.8% | > 100% | No | |
| 0% (not reported) | > 100% | No |
Central Coast's financial-health indicators, 2023–24, against the NSW Office of Local Government benchmarks. 'Meets?' simply states whether the figure is on the benchmark side of the line. Source: NSW Government 'Your Council' / OLG time-series data, 2023–24.
These ratios are the standard, size-independent way to read a council's finances, which is why we use them instead of raw dollar totals. Central Coast met 6 of the 9 benchmarks in 2023–24, with a return to operating surplus and strong liquidity, self-funding and rates collection. The gaps are in infrastructure: a repair backlog just above the under-2% line and asset maintenance below the benchmark. The building & infrastructure renewals ratio is recorded as 0% in the 2023–24 OLG dataset, which appears to be a reporting gap for that year (the following year's OLG data records it above the 100% benchmark); see the council's annual report for the underlying figures. (The OLG classifies Central Coast as a metropolitan-fringe council, so it is benchmarked at under 5% for rates outstanding.) We present the numbers and their benchmarks; whether that's good value is for you to judge from the sources below.
Sources — check it yourself
Figures are current as at the dates shown and may change — always confirm with the linked source. See the notice at the bottom of the page for full details and how to report a correction.