2019-11-12 S&O Agenda - Item 11 - Attachment 1 - Draft Noosa Council 2018-19 Annual Report

                                                                                            Financial Statements 2019



Noosa Shire Council

Current Year Financial Sustainability Statement
for the year ended 30 June 2019

                                                                                                 Actual        Target
                                                                                                  2019          2019


Measures of Financial Sustainability

Council's performance at 30 June 2019 against key financial ratios and targets.


Performance Indicators


1. Operating Surplus Ratio
Net Result (excluding capital items) (1)
                                                                                                11.62%        0 - 10%
Total Operating Revenue (excluding capital items) (2)


An indicator of which the extent to which revenues raised cover
operational expenses only or are available for capital funding
purposes or other purposes.



2. Infrastructure Asset Sustainability Ratio
Capital Expenditure on the Replacement of Infrastructure Assets (renewals) (3)                              more than
                                                                                                132.31%
Depreciation Expense for Infrastructure Assets                                                                90%

An approximation of the extent to which the infrastructure assets
managed are being replaced as these reach the end of their useful
lives.



3. Net Financial Liabilities Ratio
Total Liabilities less Current Assets                                                                        less than
                                                                                                -13.81%
Total Operating Revenue (excluding capital items) (2)                                                           60%

An indicator of the extent to which the net financial liabilities can
be serviced by its operating revenue.



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 2019.




                                                                                                            page 105