Annual Report 2015-16

Financial Statements 2016

 Noosa Shire Council

Current Year Financial Sustainability Statement
 for the year ended 30 June 2016

                                                                                            Actual      Target
                                                                                              2016       2016

Measures of Financial Sustainability

Council's performance at 30 June 2016 against key financial ratios and targets.

Performance Indicators

1. Operating Surplus Ratio
                ;    fen     (1)
Net Result lexeluding capital items)      =                                                  5.01%      0- 10%
Total Operating Revenue (excluding capital items)

An indicator of which the extent to which revenues raised cover
operational expenses only or are available for capital funding
purposes or other purposes.

2. Asset Sustainability Ratio
Capital Expenditure on the Replacement of Assets (renewals)                                      o,   more than
   Piet SEP SR OHO he ON et REpaceninit Gr sce engwale)                                     88.36%          -
Depreciation Expense                                                                                     90%

An approximation of the extent to which the infrastructure assets
managed are being replaced as these reach the end of their useful
lives.

3. Net Financial Liabilities Ratio
Total Liabilities less Current Assets                                                        4.549    less than
          le           ae a          a:                                                     1s           60%
Total Operating Revenue (excluding capital items)                                                            o

An indicator of the extent to which the net financial liabilities can
be serviced by its operating revenue.

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 2016.

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