2019-04-15 General Committee Agenda

Page 52 of 63

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

                                 Budget                                         Target
                                  2019        2019       2019        2019                    2020       2021        2022        2023       yA}         2025        2026       VAY          2028
Operating Surplus Ratio           0.2%        0.0%       0.0%        1.5%       0-10%        0.2%       0.2%        0.8%        0.9%        1.0%       0.9%        2.0%        1.9%        1.7%
Net Financial Liabilities Ratio  -0.4%        1.9%       -7.4%       -8.0%      <60%        -0.7%       -3.6%       -4.6%      -4.4%       -5.2%       -7.6%       -7.7%       -9.1%      -14.4%
Asset Sustainability Ratio       114.6%      120.7%     119.9%      132.4%      >90%        125.8%      85.3%       88.1%      91.2%       98.9%       94.4%      104.4%      98.5%       92.2%

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%.

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