2018-04-16 General Committee Agenda

Page 70 of 122

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

                                 Budget                                                  Target
                                  PAK E:)       ri Es}       PANE:         PAE:                        yak)         2020         2021         2022        2023        yay.)         2025         2026         ya
Operating Surplus Ratio           0.3%          0.0%          0.1%          0.0%        0-10%          0.2%         0.2%         0.6%         0.6%        0.7%         0.5%         0.6%         0.5%         0.1%
Net Financial Liabilities Ratio   2.4%          8.3%          5.2%         -5.3%         <60%          -1.3%       -3.0%        -2.6%        -7.6%       -10.6%       -12.9%       -14.1%       -15.7%       -17.9%
Asset Sustainability Ratio       106.1%        109.5%        98.2%         105.5%        >90%         100.5%       73.9%        76.8%        85.0%        91.7%        88.4%       85.1%       90.5%         87.1%

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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