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

NOOSA SHIRE COUNCil

Long. Term Financial       Sustain ability    Statement
Prepared as at 30 June 2015
   Measures      of Financial     Sustalnabllity
        Ii)    Operating surplus ralio
                   Operating     surplus (Net result exduding        all capital items) divided by total operating                      revenue (excludes capital revenue)
        (ii)   Asset sustainabillty       ratio
                   Capital expenditure       on the replacement      of assets (renewals)              divided by depreciation            expense.
        (Iii) Nel financial liabilities rallo                                                                   .
                   Tota/liabilities   less current assets divided by lotal operating               revenue

  Council's performance at 30 June 2015 against key financial ratios:

                                                                                   Operating                        Asset          Net financial
                                                                              surplus     ratio         sustainability              liabilities
                                                                                                                     ratio              ratio

       Target                                                                  between 0%                greater than                not grealer
                                                                                and 10%                            90%            than 60%
               Actuals al30 June 2015                                     l_ ~_1:.92%                            65.10%      , 1.16% ,
               Projected for 30 June 2016                                 l_1.30%         '
                                                                                                        -               ,
                                                                                                                129.50y,::J              •
                                                                                                                                    12.30r,--'1
                             30 June 2017                                 I     1.50% --j                        99.00%       -11.4O%J
                             30 June 2018                                 r-'- .,~OO%-- r                       100.10%            10.20% -;
                             30 June 2019                                ~          2.30%      --r              100.60%             8.60%           j
                             30 June 2020                                L-_        2.60%          j            100.10% :: 14.2oo70-=-~
                             30 June 2021
                             30 June 2022
                                                                         !.. _ ~Q!o
                                                                         ~.OO%            -.f-,
                                                                                                   j             97.80%
                                                                                                                 97. jO~_.t-
                                                                                                                                +-  0.70%
                                                                                                                                __-3.20% __
                                                                                                                                                J
                                                                                                                                                        I
                             30 June 2023                                I          1.90%                       96,20% --1.. -7.00% I
                             30 June 2024                                [~jOO%.                   I            100.00%-!     ...     :S:9O%:J
  Financial    Management        Strategy
 Council measures revenue and expenditure trends over lime 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.




                                                                     Certificate      of Accuracy
                                For the long-term financial sustalnabllity              statement prepared as at 30 June 2015

 This long-term financial sustainability           statement   has been prepared        pursuant to Section 178 of the Local Government
 Regulation 2012 (the regulation).


 In accordance with Section 212(5) of the Regulation              we certify that this long-term                    financial suslainability       statement
 has been accuralely calculated.




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                                                                             Vi$tA ~11f2T
                                                                        Chief Executive           Officer

                                                                        Name: .. ~~.~T..d.~ C.b'l!.?r.t.~                                      .

                                                                        Date:         2~ I'~                I       7~,   5