The City’s overall financial position is in good health according to data published by the Department of Local Government, Sport and Cultural Industries.
A Financial Health Indicator (FHI) and other key data is published by the Department on its ‘MyCouncil’ website and is used to compare the overall financial health of WA’s 137 local government areas.
The FHI is calculated from the seven financial ratios that local governments are required to calculate annually.
An FHI result of 70 and above indicates sound financial health.
The City received an FHI score of 96 out of 100 which is its highest score since 2012 and one of the highest in the State.
City of Karratha Mayor Peter Long said the FHI measurement was a good reflection of the City’s overall performance.
“While FHI is just one of the measurements used to assess the overall performance of a local government, it factors in seven different ratios including debt, assets and revenue,” Cr Long said.
“Governments that perform better across the seven areas tend to have greater financial health. Governments with greater financial health are in a better position to serve their community.”
To view information about the City and other local government areas on ‘MyCouncil’ visit MyCouncil - Home Page