Annual Report 2014

,        ft

    NOOSA SHIRE COUNCIL

    Long-Term Financial Sustainability Statement
     Prepared as at 30 June 2014
        Measures of Financial Sustainability
             (i) Operating surplus ratio
                      Operating surplus (Net result excluding all capital items) divided by total operating revenue (excludes capital revenue)
             (ii) Asset sustainability ratio
                      Capital expenditure on the replacement of assets (renewals) divided by depreciation expense.
             iil) Net financial liabilities ratio
                      Total liabilities less current assets divided by total operating revenue

             Council's performance at 30 June 2014 against key financial ratios: Operating                       Net financial
                                                                                surplus ratio | sustainability | liabilities ratio

                                                                                    10%                              60%
             Consolidated                                                    Po
                 Actuals at 30 June 2014
                 Projected for the ye 30 June 2015
                                   30 June 2016
.                                  30 June 2017
                                   30 June 2018
                                   30 June 2019
                                   30 June 2020                               |     5.30%          99.20%
                                   30 June 2021
                                   30 June 2022
                                    30 June 2023
             Council                                                         Po
                 Actuals at 30 June 2014
                  Projected for the ye 30 June 2015
                                    30 June 2016
                                    30 June 2017
                                    30 June 2018
                                    30 June 2019
                                    30 June 2020
                                    30 June 2021
                                    30 June 2022
                                    30 June 2023

        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. Couneil 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.

                                                             Certificate of Accuracy
                                    For the long-term fiuancial sustainability statement prepared as at 30 June 2014

        This long-term financial sustainability statement has been prepared pursuant to Section 178 of the Local Government
        Regulation 2012 (the regulation).

         In accordance with Section 212(5) of the Regulation we certify that this long-te ncial sustainabilityAtatement
         has been accurately calculated.                                        (                 4 ae
          Mayor              <                                                 Chief Executive Officer
         Name: Niéew. Little.                                                 Name: BET NOeney de CHASTEC
         Date: /f     /  Ld POL YE                                            Date: iv L122       7 20g,