Annual Report 2023-24

      Noosa Council                                                                                                                  Noosa Council




                                                                                                                                                                                                                                                                     Financial Performance
      Current Year Financial Sustainability Statement (continued)                                                                    Certificate of Accuracy (audited ratios)
      §Note/Subtotal§
      §Total§

                                                                                                                                     §Note/Subtotal§
                                                                                                                                     §Subnote§




                                                                                       Target           Actual         5 Yr Av.
                                                                                        Tier 3           2024          2020-24       This current-year financial sustainability statement has been prepared pursuant to Section 178 of the Local Government
                                                                                                                                     Regulation 2012 (the Regulation).
      Debt Servicing Capacity                                                                                                        In accordance with Section 212(5) of the Regulation we certify that this current year financial sustainability statement has
                                                                                                                                     been accurately calculated.
      6. Leverage Ratio
      Book value of Debt
                                                                                        0 to 3            0.8             1.0
      Total Operating Revenue less total Operating Expenditure add Depreciation
                                                                                        times           times           times
      and Amortisation

      Council has capacity to support additional borrowings due to its manageable debt levels compared to its operational
      performance. Borrowings are predominantly directed toward long-term infrastructure or revenue-generating projects, where
      alternate funding sources have been exhausted as well as giving consideration to inter-generational equity and Council’s
      ongoing financial sustainability.

                                                                                                                                                       Frank Wilkie                                     Larry Sengstock
      Note 1 - Basis of Preparation                                                                                                                    Mayor                                            Chief Executive Officer
                                                                                                                                                       29 October 2024                                  29 October 2024
      The current year financial sustainability statement is prepared in accordance with the requirements of the Local Government
      Regulation 2012 and the Financial Management (Sustainability) Guideline 2024. The amounts used to calculate the 6 reported
      measures are prepared on an accrual basis and are drawn from the council's audited general purpose financial statements
      for the year ended 30 June 2024.




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                                                                                                                                                                                                                                                                     Noosa Council Annual Report 23/24
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