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Last Updated
Tuesday, 30 October 2018

Financial Reports for period ending 30 June 2018

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 12 November 2018.

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 7 November 2018.

Summary of the Financial Reports for the Year Ended 30th June 2018

Description 2018 $'000 2017 $'000
Income Statement
Total Income from continuing operations 15,265 15,584
Total Expenses from continuing operations 15,274 16,070
Operating result from continuing operations (9) (486)
Net operating result for the year (9) (486)
Net operating result before grants and contributions provided for capital purposes (578) (880)
Balance Sheet
Total Current Assets 21,611 20,719
Total Current Liabilities 5,523 5,974
Total Non Current Assets 209,808 197,781
Total Non Current Liabilities 18 10
Total Equity 212,516 212,516
Other Financial Information
Operating Performance Ratio (%) -3,09% -4.24%
Own Source Operating Revenue Ratio (%) 90.54% 90.68%
Unrestricted Current Ratio 8.70x 7.35x
Debt Service Cover Ratio 51.23x 23.03x
Rates & Annual Charges Outstanding Ratio (%) 2.49% 2.95%
Cash Expense Cover Ratio (time) 17.40mths 16.50mths

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