2016-06-29 Special Meeting Agenda

Noosa Shire Council
2016/17 Budget Statements
For the period ending 30 June
Annual Result                                               Original                                                 Forecast
                                                              2017        2018      2019       2020        2021        2022       2023      2024      2025      2026
Financial Sustainability Ratios                               $,000       $,000     $,000      $,000      $,000        $,000      $,000     $,000     $,000     $,000

Operating Surplus Ratio                                           0.4%       0.5%      1.2%       1.6%        1.8%        1.7%       2.0%      2.2%      2.7%      2.5%
Net Financial Liabilities Ratio                                   12.0%      9.9%      8.8%       5.1%        1.7%        -2.1%     -5.8%     -8.9%    -11.5%    -14.7%
Asset Sustainability Ratio                                        95.7%     99.2%      98.4%    98.5%        97.2%       96.5%     97.7%    100.7%    104.5%    100.6%



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%.