Annual Report 2023-24

      Noosa Council




                                                                                                                                       Financial Performance
      Current Year Financial Sustainability Statement
      §Note/Subtotal§
      §Subnote§




                                                                                          Target          Actual         5 Yr Av.
                                                                                           Tier 3          2024          2020-24

      Contextual ratios (unaudited)
      Financial Capacity

      1. Council Controlled Revenue
      Net Rates, Levies and Charges add Fees and Charges                                  Greater
                                                                                          than 3          70.59%         71.16%
      Total Operating Revenue
                                                                                          months

      Council has a moderate to strong capacity to generate its own operating revenues, demonstrating financial flexibility and
      the ability to influence its operating income. This positions the Council well to respond effectively to unexpected financial
      challenges.


      2. Population Growth
      Prior Year Estimated Population
                                                                              -1           Not set        0.81%           0.95%
      Previous Year Estimated Population

      Population growth is positive but relatively, low which means Council may have less opportunities to generate operating
      revenue through an increasing rateable property base and over time may need to develop alternative revenue sources and
      adjust service levels and infrastructure spending accordingly.




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                                                                                                                                       Noosa Council Annual Report 23/24
                                                                                                                       Page 55 of 60