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Last Updated
Tuesday, 14 November 2017

Financial Reports for period ending 30 June 2017

In accordance with Section 418 of the Local Government Act, Council’s audited financial reports will be presented at its Ordinary Meeting to be held Monday 27 November 2017.

A full copy of the Council’s audited financial report is available for inspection at the Administration Centre, 22 Alexandra Street, Hunters Hill, between the hours 8.30am –4.30pm.

Written submissions regarding any aspect of the Statements or Auditor’s Report in accordance with Section 420 of the Local Government Act 1993, from members of the public are welcome and will be received up until 22 November 2017.

Description 2017 $'000 2016 $'000
Income Statement
Total Income from continuing operations 15,584 18,770
Total Expenses from continuing operations 16,070 15,105
Operating result from continuing operations (486) 3,665
Net operating result for the year (486) 3,665
Net operating result before grants and contributions provided for capital purposes (880) 3,220
Balance Sheet
Total Current Assets 20,719 20,327
Total Current Liabilities 5,974 5,798
Total Non Current Assets 197,781 181,874
Total Non Current Liabilities 10 51
Total Equity 212,516 196,352
Other Financial Information
Operating Performance Ratio (%) -4.24% -5.68%
Own Source Operating Revenue Ratio (%) 90.68% 89.96%
Unrestricted Current Ratio 7.35x 7.57x
Debt Service Cover Ratio 23.03x 20.56x
Rates & Annual Charges Outstanding Ratio (%) 2.95% 2.84%
Cash Expense Cover Ratio (time) 16.50mths 16.4mths

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