2020-08-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   17 AUGUST 2020




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GENERAL COMMITTEE MEETING AGENDA                                                                          17 AUGUST 2020

        Noosa Shire Council
       2020/21 Budget Statements
        For the period ending 30 June
     eget                                        | euaget_|         PRT rarget_                                                             nee
                                         budget      Budget                    Target
                                         rar at)       2021         2021                  Pare          ralr a)      2024        2025         2026        2027         2028        rai P 2!)    rate)
       Operating Surplus Ratio            0.0%         -1.9%       -2.3%      0-10%        0.6%         0.0%         0.2%        0.3%         0.2%        0.2%         0.1%         0.2%        0.2%
       Net Financial Liabilities Ratio   94%          -11.1%        6.3%      <60%         -7.5%        6.5%        -5.6%        94%         -13.1%      -14.8%       -17.3%       -19.9%      -21.5%
       Asset Sustainability Ratio        108.4%        87.5%       101.5%      >90%       107.2%       122.0%       124.1%       92.5%      90.0%        95.5%       94.4%         93.5%        98.0%

       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 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 %.
       This includes infrastructure as well as plant and equipment.
       Intangibles are excluded.
       Target: greater than 90%.

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