Annual Report 2023-24

      Noosa Council




                                                                                                                                                                                                               Financial Performance
      Unaudited Long Term Financial Sustainability Statement (continued)
      §Note/Subtotal§
      §Total§




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

      Financial Capacity

      7. Council Controlled Revenue
      Net Rates, Levies and Charges add Fees and Charges
                                                                            Not Set    70.59%     75.24%    75.13%     75.72%    76.04%     76.38%     76.68%    76.84%     77.02%    77.20%      77.35%
      Total Operating Revenue

      Council controlled revenue is an indicator of a council's financial flexibility, ability to influence its operating income, and capacity to respond to unexpected financial shocks.


      8. Population Growth
      Prior Year Estimated Population
                                                                   -1       Not Set    0.81%      1.80%      0.62%     0.62%      0.62%      0.62%     0.62%      0.62%     0.62%      0.62%      0.62%
      Previous Year Estimated Population

      Population growth is a key driver of a council's operating income, service needs, and infrastructure requirements into the future.




      Noosa Council Financial Management Strategy

      Council measures revenue and expenditure trends over time as a guide to future requirements and to make decisions about the efficient allocation of resources to ensure the most effective
      provision of services. Council ensures that its financial management strategy is prudent and that its long-term financial forecast shows a sound financial position whilst also being able to
      meet the community’s current and future needs.

      Council aims to operate within a set of conservative guide-posts to ensure we are financially sustainable in the short, medium and long term. As part of our financial strategy, we have
276   adopted seven key financial performance indicators to guide our financial health. In addition to the financial indicators, we have the above three sustainability indicators that have been set          277
      by the Department of Local Government, Community Recovery and Resilience to help monitor the long-term sustainability of all councils across Queensland. Throughout the financial year,
      these indicators are calculated and reported on monthly at Council meetings, as part of a full suite of financial reports. Should there be any deviation outside these parameters, the executive
      management and Council will be fully informed and may take corrective action as required.




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                                                                                                                                                                                                               Noosa Council Annual Report 23/24