Annual Report 2022-23(PDF, 12MB)

      Statement of Cash Flows                                                                                                            A number of sustainability ratios are mandated under the Local Government Regulation 2012, including target
                                                                                                                                         ranges for each measure. Details of these ratios are shown in Figure 11, including actual results for the current
                                                                                                                                         reporting period plus projections over the next 9 years.

      The Statement of Cash Flows shows where Council has generated cash and where these funds have been
                                                                                                                                         Figure 11
      expended. The detailed schedule in the financial statements is summarised in Figure 10 (columns above the line
                                                                                                                                         Financial Ratios 2022/23 (Actual) to 2032/33 (Forecast)
      represent cash flowing into the organisation, and columns below the line represent cash payments made).
                                                                                                                                         Period Ended 30 June                2023     2024     2025   2026     2027       2028      2029        2030      2031    2032 2033
      Figure 10                                                                                                                          Sustainability Ratios
      Net Cash Flow Sources 2022/23 ($’000)
                                                                                                                                         Operating Surplus Ratio
                                                                                                                                         Operating Position                  3.2%     -0.6%    0.0%    0.0%     0.0%      0.0%      0.0%        0.0%      0.0%    0.0%   0.0%
         $30,000                                                                                                                         Local Govt Act upper indicator       10%      10%      10%     10%     10%       10%        10%        10%       10%     10%     10%
         $20,000
                                                                                                                                         Net Financial Liabilities Ratio
         $10,000
                                                                                                                                         Net Financial Liabilities Ratio    (11.5)%   (9.0)%   3.7%     5.1%    6.7%      7.8%       7.6%       4.9%      3.8%    2.3%   0.2%
              $0
                                                                                                                                         Local Govt Act upper indicator      60%       60%     60%     60%      60%       60%        60%        60%       60%     60%    60%
         -$10,000

        -$20,000                                                                                                                         Asset Sustainability Ratio
                                                                                                                                         Asset Sustainability Ratio         158.6% 150.5%      171.1% 115.3% 116.1% 117.2% 102.7% 96.5% 107.6% 101.6% 99.7%
        -$30,000
                                                                                                                                         Local Govt Act minimum indicator    90%       90%     90%     90%      90%       90%        90%        90%       90%     90%    90%




                                                                                                                                                                                                                                                                                   Noosa Council Annual Report 2022 - 2023
        -$40,000
                                                                                                                                                                                                           Colour scale          Within range          Moderate     Outsde range
        -$50,000
                                                    Investing Activities               Financing Activities       Net Movement in Cash

                                                                                                                                         Operating surplus ratio
                                                                                                                                         Council should be aiming to achieve as a minimum a balanced operating position to ensure that revenues received
      Key elements to Council’s annual cash flow include:                    of Council borrowings. A negative outcome here              are sufficient to fund operations and capital replacement works. A surplus will be represented by a positive result.
                                                                             represents that Council has repaid more loans
      — Operating activities depicts the net of income                       compared to new borrowings raised.                           Operating Surplus / (Deficit)       The 2022/23 operating surplus ratio of 3.18% is a reflection of consistent revenue
        received from rates, interest, grants, etc. and                                                                                                                       growth along with good management of our expenditure. The forecast shows
                                                                                                                                          Total Operating Revenue             Council’s ongoing commitment to strong financial management.
        payments made to suppliers and employees.                          — Net movement in cash represents the total physical
                                                                             movement of cash, with any accounting adjustments
      — Investing activities relate to the acquisition and                   and accruals removed. The net movement in cash              Net financial liabilities ratio
        sale/disposal of long-term assets, generally in the                  for the year with all significant outlays fully funded      The target range is less than 60%. A negative percentage indicates that current assets exceed total
        form of roads, bridges, plant and equipment, etc. A                  within the period was $21.9 million representing a net      liabilities and is considered a very strong position.
        negative outcome here represents a net investment in                 decrease in cash on hand. This net decrease was
        community infrastructure during the reporting period.                the result of the reclassification of $40 million in term    Net Financial Liabilities           The strong position of (11.54%) at 30 June 2023 indicates that Council
                                                                             deposits, with maturity terms greater than 3 months,
                                                                                                                                          Total Operating Revenue             has the capacity to service higher levels of debt if needed.
      — Financing activities shows the receipt and repayment                 to Investments.

                                                                                                                                         Asset sustainability ratio
                                                                                                                                         This is a measure of whether Council is reinvesting in existing assets to ensure that they meet required levels
      Financial ratios                                                                                                                   of service for the community.


                                                                                                                                          Annual Asset Renewal and            During 2022/23 Council achieved a ratio of 158.59%. This ratio is reflective of the
      Ratios are useful tools for getting a snapshot of the financial status and trends of an organisation. Ratios can also               Rehabilitation Expenditure          delivery of the capital program during the year, including an investment of $31.5 million
      be useful in comparing Noosa Council to other Councils to gain an understanding of relative financial strength.                                                         in the replacement of infrastructure such as roads, bridges and buildings. This result
                                                                                                                                          Annual Depreciation Charge          reflects Council’s continued investment in infrastructure replacement and adherence to
      This analysis is undertaken periodically by the Queensland Treasury Corporation (QTC) in assessing the financial
      sustainability of Council.                                                                                                                                              sound asset management principles to maintain levels of service to the community.


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