Cuballing Shire stands out in snapshot of WA council finances

Western Australian local governments raised more than $2.4 billion in rates during the 2018-19 financial year while managing assets worth more than $45 billion.

These and other key facts from the 2018-19 financial year were published by the Department of Local Government, Sport and Cultural Industries this week – along with a financial health indicator measuring the overall financial health of the state’s 139 local government areas.

The LGA in soundest financial health was the Shire of Cuballing with an FHI of 100, followed by the City of Subiaco (96), and the City of Rockingham (93).

The Goomalling Shire Council was in the least sound financial health with an FHI of 21.

The FHI is calculated from the seven financial ratios that WA councils are required to calculate annually, with a result of 70 and above indicating “sound financial health”.

The local government financial data also includes a breakdown of the waste and recycling materials collected by local councils.