2018-11-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 NOVEMBER 2018




                                        Page 84 of 84

GENERAL COMMITTEE MEETING AGENDA                                                                                                12 NOVEMBER 2018

                            Noosa Shire Council
                            2018/19 Budget Statements
                            For the period ending 30 June

                                                              Budget                                  Target
                                                               2019         2019          2019                      2020          2021         2022         2023         2024          2025         2026         PAIPd        2028
                            Operating Surplus Ratio            0.2%         0.0%          0.0%        0-10%         0.3%         0.4%          1.0%         1.1%         1.2%          1.1%         2.2%         2.1%         2.0%
                            Net Financial Liabilities Ratio    -0.4%        1.9%         -7.4%         <60%         -3.4%        6.4%         -7.5%         -7.4%        -8.3%        -10.8%       -11.0%       -12.5%       -17.9%
                            Asset Sustainability Ratio        114.6%       120.7%       -119.9%        >90%        108.9%        85.4%        88.2%        91.3%         99.0%        94.6%        104.5%       98.6%         92.3%

                            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 operating result divided by total operating revenue, expressed as a % (excluding capital revenue or expenses).
                            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 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 %.
                            This includes infrastructure as well as plant and equipment.
                            Intangibles are excluded.
                            Target: greater than 90%.

                                                                                                                                            Page 84 of 84