2015-11-16 GC Agenda - Item 3, Attach 1 - Annual Report 2014-15

                                                                                                                                               OAO
                                                                                                                                        certified st"tements




NOOSA SHIRE COUNCIL

Current.year Financial Sustainabllit~. Statement
For the year ended 30 June 2015
   Measures of Financial Sustainabiiity
        (I) Operating surptus rallo
                  Operating     surplus (Net result excluding      all capital items) divided by total operating      revenue (excludes capital revenue)
       (ii)   Asset sustalnability ratio
                  Capital expenditure     on the replacement       of assets (renewals) divided by depreciation          expense.
       (ill) Net financlaillabllities     ratio
                  Tola/liabilities   less current assets divided by total operating revenue

                  Council's    performance   at 30 June 2015 against key financial ralios;

                                              Operating surplus               Asset           Net financial
                                                    ratio                sustalnabllity     liabilities ratio
                                                                             ratio
                Target                            behoveen 0% and         greater than        not greater
                                                        10%                   90%              than 60%
                Actual                                 7.92%                 65.10%              1.16%

  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 2015.



                                                                   Certificate of Accuracy
                                                              For the year ended 30 June 2015

 This current-year financial sustainability       statement    has been prepared pursuant to Section         178 of the Local Government
 Regula/ion 2012 (/he regu/alion).
 In accordance with Section 212(5) of the Regulation             we certify that this current-year   financial   sustainability   statement
 has been accurately calculated.




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