2016-11-14 General Committee Meeting Notes

GENERAL COMMITTEE MEETING AGENDA   14 NOVEMBER 2016




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GENERAL COMMITTEE MEETING AGENDA                                                                                      14 NOVEMBER 2016

                                   Noosa Shire Council
                                  2016/17 Budget Statements
                                  For the period ending 30 June
                               | indicator                 | Target | Original | BRI |            BR2_                                                  Forecast
                                                                              rad         ru                    2018        2019       2020      PAYA        2022      PAR}        2024       PAs)        2026
                                  Operating Surplus Ratio         0-10%        0.4%       0.2%       0.4%       0.2%       0.8%        1.3%       1.5%       1.4%       1.8%       2.0%       2.4%        2.2%
                                  Net Financial Liabilities Ratio  <60%       12.0%      -3.9%       0.0%       5.5%       6.0%       9.2%      -12.0%     -15.3%     -18.6%     -21.2%      -23.3%     -26.1%
                                  Asset Sustainability Ratio       >90%       95.7%]    111.0%}    110.1%      98.6%      97.8%      97.9%       96.6%      95.9%      97.1%     100.1%     103.9%     100.0%

                                  Operating Surplus Ratio
                                  Measures the extent to which revenues raised cover operational expenses
                                  only or are available for capital funding purposes or other purposes.
                                  Calculation: Net operating result divided by total operating revenue, expressed as a % (excluding capital revenue or expenses).
                                  Target: between 0% and 10%

                                  Net Financial Liabilities Ratio
                                  Measures the extent to which the net financial liabilities of Council can
                                  be repaid from operating revenues.
                                  Calculation: (total liabilities less current assets) divided by
                                  total operating revenue, expressed as a %.
                                  Target: not greater than 60%.

                                  Asset Sustainability Ratio
                                  This ratio reflects the extent to which the infrastructure assets managed by Council
                                  are being replaced as they reach the end of their useful lives.
                                  Calculation: capital expenditure on the replacement of infrastructure assets
                                  (renewals) divided by depreciation expense, expressed as a %.
                                  Target: greater than 90%.

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