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2014-05-26 General Committee Agenda
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GENERAL COMMITTEE MEETING AGENDA 26 MAY 2014
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GENERAL COMMITTEE MEETING AGENDA 26 MAY 2014
Noosa Council Original Revised
Measures of Financial Sustainability Budget Budget
For the six months ending 30 June 2014 2013/2014 2013/2014
$ $
Operating Surplus Ratio 0.0% 14%
Net Financial Liabilities Ratio 20.3% 21.1%
Asset Sustainability Ratio 30.8% 32.0%
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%.
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