2018-11-06 S&O Agenda - Attachment 1 to Item 5 - Draft Annual Report 2017-18

                                                                                                                                                                                                Financial Statements 2018



               Noosa Shire Council

               Long-Term Financial Sustainability Statement (continued)
                prepared as at 30 June 2018

                                                                                              Target     Actual                                                          Forecast
                                                                                                 -          -           0          0           0          0          0              0   0   0     0          0


               Noosa Shire Council Financial Management Strategy

               Council measures revenue and expenditure trends over time as a guide to future requirements and to make decisions about the efficient allocation of resources to ensure the
               most effective provision of services. Council ensures that its financial management strategy is prudent and that its long-term financial forecast shows a sound financial position
               whilst also being able to meet the community’s current and future needs.

               Notes
               (1)
                     Includes only Recurrent Revenue and Recurrent Expenditure disclosed in the Income Statement. Excludes Capital Revenue Grants, Contributions, Donations and Subsidies received for
                     capital acquisitions, Capital Income items such as Profit from the Sale of: Property, Plant and Equipment, Financial Assets, Real Estate and Investment Properties (refer to Note 5 for
                     exclusions), and any Capital Expenditure such as Write Off of Assets, movements in Provisions for Restoration and Rehabilitation and Revaluation Decrements that hit the Statement of
                     Comprehensive Income.

               (2)
                     Includes only Recurrent Revenue disclosed in the Income Statement. Excludes Capital Revenue Grants, Contributions Donations and Subsidies received for capital acquisitions.
                     Also excludes any Capital Income items such as Profit from the Sale of: Property, Plant and Equipment, Financial Assets, Real Estate and Investment Properties (refer to Note 5 for
                     exclusions).


                     These ratios are the relevant measures of financial sustainability required to be reported under section 178(1) of the Local Government Regulation 2012.

                     Definitions are sourced from the Financial Management (Sustainability) Guideline issued by the Department of Infrastructure, Local Government and Planning.




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