Annual Report 2014-15

NOOSA SHIRE COUNCIL

 Long-Term Financial Sustainability Statement
 Prepared as at 30 June 2015
 SS Se             eee ee eee
    Measures of Financial Sustainability
        {i} Operating surplus ratio
                Operating surplus (Net result excluding all capital items) divided by total operating revenue (excludes capital revenue)
        {ii) Asset sustainability ratio
                Capital expenditure on the replacement of assets (renewals) divided by depreciation expense.
        (iii) Net financial liabilities ratio
                Total liabilities less current assets divided by total operating revenue
    Council's performance at 30 June 2015 against key financial ratios:
                                                         Operating        Asset       Net financial
                                                         surplus ratio | sustainability | liabilities
                                                                           ratio         ratio

                                                           and 10%          90%        than 60%
            Actuals at 30 June 2015                         7.92%         65.10%         1.16%
            Projected for 30 June 2016                      1.30%         129.50%       12.30%
                         30 June 2017                       1.50%         99.00%        11.40%
                         30 June 2018                       1.90%         100.10%       10.20%
                         30 June 2019                                     100.60%        8.60%
                         30 June 2020                       2.60%         100.10%        4.20%
                         30 June 2021                       1.90%         97.80%         0.70%
                         30 June 2022                       2.00%         97.10%        -3.20%
                         30 June 2023                       1.90%         96.20%
                         30 June 2024                       2.00%         100.00%       -9.90%
    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.

                                                    Certificate of Accuracy
                         For the long-term financial sustainability statement prepared as at 30 June 2015
   This long-term financial sustainability statement has been prepared pursuant to Section 178 of the Local Government
   Regulation 2072 (the regulation).
   In accordance with Section 212(5) of the Regulation we certify that this long-term financial sustainability statement
   has been accurately calculated.

              {                                                        i                                                       t
    wert               ag   ge                          Chief Executive Officer
    Name: Mee [itt Are ”                                Name: Bert de. CHASTES.
    Date: 2 3   [{P1axo0y                               Date,  23 7 29) 29/5.