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2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan
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Noosa Shire Council
Current Year Financial Sustainability Statement
for the year ended 30 June 2016 ·
---- .. -· ·------ ---~............_ ------~·.,..... ..... -
2016 2016
Measures of Financial Sustainability
Council's performance at 30 June 2016 against key financial ratios and targets.
Performance Indicators
1. Operating Surplus Ratio
Net Result (excluding capital items) (1)
5.01% 0 - 10%
Total Operating Revenue (excluding capital items) (21
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. Asset Sustainability Ratio
Capital Expenditure O'l the Replacement of Assets (renewals) more than
88.36%
Depreciation Expense 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
-1.54%
Total Operating Revenue (excluding capital items) <21 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 2016.
page 47
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