Annual Report 2019-20

      Noosa Shire Council

      Unaudited Long-Term Financial Sustainability Statement                                                          (continued)
       prepared as at 30 June 2020


      Noosa Shire 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.

      Notes
      (1)
            Includes only Recurrent Revenue and Recurrent Expenditure disclosed in the Income Statement. Excludes Capital Revenue Grants, Contributions, Donations and Subsidies received
            for capital acquisitions, Capital Income items such as Profit from the Sale of: Property, Plant and Equipment, Financial Assets, Real Estate and Investment Properties (refer to Note 5
            of the Financial Management (Sustainability) Guideline 2013 for exclusions), and any Capital Expenditure such as Write Off of Assets, movements in Provisions for Restoration and
            Rehabilitation and Revaluation Decrements that hit the Statement of Comprehensive Income.
      (2)
            Includes only Recurrent Revenue disclosed in the Income Statement. Excludes Capital Revenue Grants, Contributions Donations and Subsidies received for capital acquisitions.
            Also excludes any Capital Income items such as Profit from the Sale of: Property, Plant and Equipment, Financial Assets, Real Estate and Investment Properties (refer to Note 5 of the
            Financial Management (Sustainability) Guideline 2013 for exclusions).


            These ratios are the relevant measures of financial sustainability required to be reported under section 178(1) of the Local Government Regulation 2012.

            Definitions are sourced from the Financial Management (Sustainability) Guideline issued by the Department of Local Government, Racing and Multicultural Affairs.
pag




                                                                                                                                                                                           page 70