Annual Report 2023-24

      Statement                                                                                                         Financial




                                                                                                                                                                                                                                         Financial Performance
      of Cash Flows                                                                                                     ratios
      The Statement of Cash Flows shows where Council has generated cash and where these funds have been                Ratios are valuable tools for providing a snapshot of an organization’s financial status and trends. They
      expended. The detailed schedule in the financial statements is summarised in Figure 10 (columns above the         also allow Noosa Council to benchmark itself against other councils, helping to gauge relative financial
      line represent cash flowing into the organisation, and columns below the line represent cash payments made).      strength. This type of analysis is periodically conducted by the Queensland Treasury Corporation (QTC)
                                                                                                                        to assess Council’s financial sustainability.
      Figure 10
      Net Cash Flow Sources 2023/24 ($’000)                                                                             Under the Local Government Regulation 2012, certain sustainability ratios are mandated, each with
                                                                                                                        specific target ranges. The State Government’s updated Financial Management (Sustainability) Guideline
       $30,000
                                                                                                                        2024 (the Guideline) aims to enhance Council’s long-term planning and community outcomes by
                                                                                                                        monitoring financial sustainability. This new framework replaces the previous Financial Management
       $25,000
                                                                                                                        (Sustainability) Guideline 2013.
       $20,000

       $15,000                                                                                                          The Guideline applies from the 2023-24 annual financial reporting period and the 2024-25 budget cycle.
       $10,000
                                                                                                                        Given the diversity of local governments, the Department has categorised councils for sustainability
                                                                                                                        reporting, with Noosa Council designated as a ‘Tier 3’ council based on its location and population band.
        $5,000
                                                                                                                        Details of these ratios are shown in Figure 11, including actual results for the current reporting period plus
            $0                                                                                                          projections over the next 9 years.
       ($5,000)

      ($10,000)

       ($15,000

      ($20,000)
196                                                                                                                                                                                                                                      197
      ($25,000)

      ($30,000)

                       Operating Activities     Investing Activities     Financing Activities   Net Movement in Cash




      Key elements to Council’s annual cash flow include:

      Operating activities depicts the net of income received from rates, interest, grants, etc. and payments made to
      suppliers and employees.

      Investing activities relate to the acquisition and
      sale/disposal of long-term assets, generally in the form of roads, bridges, plant and equipment, etc.
      A negative outcome here represents a net investment in community infrastructure during the reporting period.

      Financing activities shows the receipt and repayment of Council borrowings. A negative outcome here




                                                                                                                                                                                                                                         Noosa Council Annual Report 23/24
      represents that Council has repaid more loans compared to new borrowings raised.

      Net movement in cash represents the total physical movement of cash, with any accounting adjustments and
      accruals removed. The net movement in cash for the year with all significant outlays fully funded within the
      period was $381k representing a slight net decrease in cash on hand. At 30 June 2024, $30 million of surplus
      cash was invested in higher yielding term deposits, to maximise returns to ratepayers.