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NOOSA SHIRE COUNCIL

Current-year Financial Sustainability Statement
For the period ended 30 June 2014
    Measures of Financial Sustainability
        (i)  Operating surplus ratio
                 Operating surplus (Net result excluding all capital items) divided by total operating revenue (excludes capital revenue)
        (iit) Asset sustainability ratio
                  Capital expenditure on the replacement of assets (renewals) divided by depreciation expense.
        (iii) Net financial liabilities ratio
                 Total liabilities less current assets divided by total operating revenue

        Council's performance at 30 June 2014 against key financial ratios:    Operating         Asset         Net financial
                                                                              surplus ratio | sustainability | liabilities ratio
                                                                                                  ratio
                  Target                                                    between 0% and } greater than 90%] not greater than
                     8                                                            10%                              60%
                  Actual -Consolidated                                           6.49%           31.85%           32.43%
                  Actual - Council                                              -4.22%           31.85%           31.74%
    Note 1 - Basis of Preparation
        The current year financial sustainability statement is a special purpose statement prepared in accordance with the requirements of the Local
         Government Regulation 2012 and the Financial Management (Sustainability) Guideline 2013 . The amounts used to calculate the three
        reported measures are prepared on an accrual basis and are drawn from the Council's audited general purpose financial statements for the year
        ended 30 June 2014.

                                                          Certificate of Accuracy
                                                      For the period ended 30 June 2913

    This current-year financial sustainability statement has been prepared pursuant to Section 178 of the Local Government
    Regifation 2012 (the regulation) .
    In accordance with Section 2/2/(5} of the Regulation we certify that this current-year financial sustainability statement
    has been accurately calculated.                                              :                   j ;
                         | :                                                            t,                           :
     Mayor                                                                  Chief Executive Officer
     name Mee. CSCO...                                                      Name: PET Meena              dé Cla stee
     Date: / f    / Lo     2A/ be                                           Date.  /V /    fe / Ay

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