2017-06-29 Special Meeting Agenda

Noosa Shire Council
2017/18 Budget Statements
For the period ending 30 June
Indicator                           Current Budget          Budget          Target                                                        Forecast
Financial Sustainability Ratios           2017               2018                       2019            2020            2021      2022     2023      2024    2025    2026             2027

Operating Surplus Ratio                   0.7%               0.3%           0-10%       0.6%            0.6%            1.0%      1.0%     1.0%      0.8%    0.7%    0.7%             0.5%
Net Financial Liabilities Ratio           1.3%               2.4%           <60%        7.0%            5.3%            5.8%      0.4%     -3.0%     -5.5%   -6.9%   -8.8%            -11.2%
Asset Sustainability Ratio               105.7%             106.1%          >90%       103.1%          76.0%           78.9%      85.5%    94.0%     90.7%   87.4%   92.9%            89.4%


Operating Surplus Ratio
Measures the extent to which revenues raised cover operational expenses
only or are available for capital funding purposes or other purposes.
Calculation: Net operating result divided by total operating revenue, expressed as a % (excluding capital revenue or expenses).
Target: between 0% and 10%


Net Financial Liabilities Ratio
Measures the extent to which the net financial liabilities of Council can
be repaid from operating revenues.
Calculation: (total liabilities less current assets) divided by
total operating revenue, expressed as a %.
Target: not greater than 60%.


Asset Sustainability Ratio
This ratio reflects the extent to which the infrastructure assets managed by Council
are being replaced as they reach the end of their useful lives.
Calculation: capital expenditure on the replacement of infrastructure assets
(renewals) divided by depreciation expense, expressed as a %.
Target: greater than 90%.




                                                                                                                                                                             Page 7