Annual Report 2017-18

Asset sustainability ratio
This ratio is calculated by measuring the annual expenditure on the renewal and rehabilitation of Council’s
assets against the annual depreciation charge. It is a measure of whether Council is reinvesting in existing
assets to ensure that they meet required levels of service for the community.

Asset Sustainability Ratio – infrastructure                Asset Sustainability ratio – all assets (not
assets (audited)                                           audited)
This is the ratio audited by the Queensland                When considering the replacement of all assets
Government and specifically excludes the                    which also includes Council’s investment of $0.8
replacement of non-infrastructure assets such as           million in replacing its plant and fleet of vehicles,
Council plant and fleet. During 2017/18 Council             a sustainability ratio of 126.4% was achieved for
achieved a ratio of 130.9%. This ratio is reflective of     the 2017/18 financial year. This outcome reflects
the efficient delivery of the capital program during         Council’s commitment not only to maintaining
the year, including an investment of $18 million in        effective levels of service on long life infrastructure
the replacement of infrastructure such as roads,           such as roads and bridges, but also on the
bridges and buildings. This result refelcts Council’s      machinery and equipment critical to Council’s day-
continued investment in infrastructure replacement         to-day operations.
and adherence to sound asset management
principles to maintain levels of service to the
community.



Summary
The financial period ended 30 June 2018 represents an excellent financial result for Council, and provides a
firm foundation for future operations. Ongoing innovation and a commitment to strong financial management
through compliance with our Financial Sustainability policy will ensure that this position is maintained into the
future.




                                                                                2017-2018 Annual Report | Page 39