2020-12-14 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA                                                                                  14 DECEMBER 2020


     Figure 7: 12 Month Trend of Cash Invested by Agency
      90,000,000


      80,000,000


      70,000,000


      60,000,000


      50,000,000


      40,000,000


      30,000,000


      20,000,000


      10,000,000


                -
                    Dec-19     Jan-20     Feb-20     Mar-20     Apr -20   May-20   Jun-20      Jul-20   Aug -20   Sep -20   Oct-20     Nov-20


                     Bendigo TD            Westpac TD             NAB TD           Suncorp TD           CBA TD        QTC            CBA Operating



     Borrowings
     A debt restructure review has been undertaken with the Queensland Treasury Corporation
     to assess options to optimise debt structure for Noosa Council, and generate long term
     cash flow savings. The outcomes of this review have been reported to the December 2020
     meeting round for consideration.

     Measures of Financial Sustainability
     The following table incorporates a set of financial sustainability indicators to further assist
     in managing Council financial performance. There are no current emerging risks regarding
     financial performance year to date.

      Category                                                                                             Comments
      Operating Surplus Ratio                                                                                    Intent: Identifies the
         90%                                                                                                      extent to which revenues
         80%                                                                                                      cover operational
         70%
                                                                                                                  expenses, to ensure
         60%
                                                                                                                  community equity is not
         50%
                                                                                                                  degraded
         40%                                                                                                     Target: 0 – 10%
         30%                                                                                                     Result: 15.8%
         20%                                                                                                     Comment: The high ratio
         10%                                                                                                      reflects the levying of
          0%                                                                                                      rates in July, which is
         -10%                                                                                                     degrading as expenditure
                    Jul    Aug      Sep   Oct    Nov      Dec   Jan   Feb   Mar    Apr   May     Jun              occurs on operations
                                                                                                                  through to the next rate
                          Actu al               Bud get               Minimum               Target
                                                                                                                  run in January 2021




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