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.
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.
- $1,108 / yearAbout 3% below the NSW council average of ~$1,140. The 2024–25 figure is $1,275 (~6% above the NSW average of ~$1,203). A separate domestic waste charge applies. (OLG 'Your Council' data.)
- Operating deficit — performance ratio −1.8%Below the >0% benchmark this year.
- Liquidity & cash
- Unrestricted current ratio 3.17×, 19.5 months cash; debt service cover 5.14× (all pass)Liquidity, cash cover and debt service cover all comfortably above benchmark.
- Infrastructure
- Backlog 1.5% (passes); maintenance 101.3% (passes); renewals 63.3% (misses)The building & infrastructure renewals ratio is below its >100% benchmark this year.
- Self-funding
- Own-source revenue 71.8% (passes)Above the >60% benchmark.
- Domestic waste charge (2023–24)
- $646 / yearA separate annual charge that funds the bin service (2024–25: $676).
| Indicator (2023–24) | Willoughby | Meets? | |
|---|---|---|---|
| −1.8% | > 0% | No | |
| 71.8% | > 60% | Yes | |
| 3.17× | > 1.5× | Yes | |
| 5.14× | > 2× | Yes | |
| 2.7% | < 5% | Yes | |
| 19.5 months | > 3 months | Yes | |
| 1.5% | < 2% | Yes | |
| 101.3% | > 100% | Yes | |
| 63.3% | > 100% | No |
Willoughby City Council'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. Willoughby met 7 of the 9 benchmarks in 2023–24 — the misses were operating performance (−1.8% against a >0% benchmark) and building & infrastructure renewals (63.3% against a >100% benchmark). (The OLG classifies Willoughby as a metropolitan council, so it is benchmarked at under 5% for rates outstanding; regional and rural councils are benchmarked at under 10%.) The OLG's 2024–25 time-series shows the infrastructure ratios shifting: backlog 1.9%, maintenance 115.4%, renewals 65.7%. 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.