2017-11-16 Ordinary Meeting Agenda

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Noosa Shire Council
2017/18 Budget Statements
For the period ending 30 June

                                  Budget                                      Target
                                  2018           2018                                       2019          2020          2021            2022         2023           2024           2025         2026            2027
Operating Surplus Ratio            0.3%          0.0%           0.1%         0-10%           0.4%          0.5%          0.8%           0.8%          0.8%          0.6%           0.4%          0.4%          0.2%
Net Financial Liabilities Ratio    2.4%           8.3%         5.2%           <60%           9.2%          7.5%         8.0%            3.1%         0.0%           -2.3%          3.4%          -5.0%         7.1%
Asset Sustainability Ratio        106.1%         109.5%        98.2%          >90%          103.3%       76.0%          79.0%          87.4%         94.2%          90.8%         87.4%         92.9%          89.4%

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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