2015-06-12 Special Meeting

Noosa Shire Council
2015/16 Budget Statements
For the period ending 30 June
Annual Result                                                Budget                                                 Forecast
                                                              2016        2017       2018       2019      2020      2021       2022      2023      2024      2025
Financial Sustainability Ratios                               $,000       $,000      $,000      $,000     $,000     $,000      $,000     $,000     $,000     $,000

Operating Surplus Ratio                                           1.0%       1.8%       2.1%       2.4%      3.1%      3.3%       3.7%      3.7%      3.5%      3.8%
Net Financial Liabilities Ratio                                   15.7%     14.6%      13.6%     12.7%       8.1%      2.5%      -4.1%    -10.5%    -16.7%    -23.3%
Asset Sustainability Ratio                                        99.9%     100.1%     102.4%   105.8%    102.8%      94.6%     93.2%     92.7%     95.7%     90.6%



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 result divided by total operating revenue, expressed as a %.
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%.