Annual Report 2019-20

Noosa Shire Council

Current Year Financial Sustainability Statement
for the year ended 30 June 2020

                                                                                                Actual      Target
                                                                                                 2020        2020


Measures of Financial Sustainability

Council's performance at 30 June 2020 against key financial ratios and targets.


Performance indicators


1. Operating Surplus Ratio
Net Result (excluding capital items) (1)
                                                                                                6.52%      0 - 10%
Total Operating Revenue (excluding capital items) (2)

An indicator of which the extent to which revenues raised cover
operational expenses only or are available for capital funding
purposes or other purposes.




2. Asset Sustainability Ratio
Capital Expenditure on the Replacement of Infrastructure Assets (renewals) (3)                              more
                                                                                              121.68%
Depreciation Expense for Infrastructure Assets                                                            than 90%

An approximation of the extent to which the infrastructure assets
managed are being replaced as these reach the end of their useful
lives.




3. Net Financial Liabilities Ratio
Total Liabilities less Current Assets                                                                     less than
                                                                                               -11.62%
Total Operating Revenue (excluding capital items) (2)                                                        60%

An indicator of the extent to which the net financial liabilities can
be serviced by its operating revenue.




Note 1 - Basis of Preparation

The current year financial sustainability statement is a special purpose statement prepared in accordance with the
requirements of the Local Government Regulation 2012 and the Financial Management (Sustainability) Guideline
2013 . The amounts used to calculate the three reported measures are prepared on an accrual basis and are drawn
from the Council's audited general purpose financial statements for the year ended 30 June 2020.




                                                                                                           page 63