Annual Report 2023-24

      Noosa Council




                                                                                                                                                                                                         Financial Performance
      Unaudited Long Term Financial Sustainability Statement
      §Note/Subtotal§
      §Subnote§




                                                                         Target     Actual                                                Forecast
                                                                          2024       2024      2025      2026       2027      2028      2029    2030        2031      2032      2033         2034

      Measures of financial sustainability
      Liquidity

      1. Unrestricted Cash Expense Cover Ratio
      Total Cash and Equivalents add Current Investments
      add available ongoing QTC working capital limit less               Greater
      Externally Restricted Cash                                                    9.3        7.3        5.8       5.6       5.4       5.1       5.0       4.9       4.5        4.4         4.2
                                                                x 12     than 3
                                                                         months    months     months     months    months    months    months    months    months    months     months      months
      Total Operating Expenditure less Depreciation and
      Amortisation less Finance Costs

      The unrestricted cash expense cover ratio is an indicator of the unconstrained liquidity available to a council to meet ongoing and emergent financial demands, which is a key component
      to solvency. It represents the number of months a council can continue operating based on current monthly expenses.


      Operating Performance

      2. Operating Surplus Ratio
      Operating Result                                                   Greater
                                                                         than 0%
                                                                                    5.31%     (0.10)%    0.08%     0.23%     0.15%     0.13%      0.22%     0.13%     0.09%     0.15%       0.11%
      Total Operating Revenue

      The operating surplus ratio is an indicator of the extent to which operating revenues generated cover operational expenses. Any operating surplus would be available for capital funding
      or other purposes.


      3. Operating Cash Ratio
      Operating Result add Depreciation and Amortisation add
      Finance Costs                                                      Greater
272                                                                      than 0%
                                                                                    22.31%    17.74%    18.21%     18.48%    18.35%    18.33%    18.37%    18.15%    17.98%     18.04%      17.91%       273
      Total Operating Revenue

      The operating cash ratio is a measure of council's ability to cover its core operational expenses and generate a cash surplus excluding depreciation, amortisation, and finance costs.




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                                                                                                                                                                                                         Noosa Council Annual Report 23/24