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Last Updated
Thursday, September 24, 2015

Financial Reports for Period Ending 30 June 2015

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 Tuesday 6 October 2015.

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 16 October 2015.

Summary of the Financial Reports for the Year Ended 30th June, 2015

Description 2015 $'000 2014 $'000
Income Statement
Total Income from continuing operations 14,965 14,224
Total Expenses from continuing operations 14,630 13,844
Operating result from continuing operations 335 308
Net operating result for the year 335 308
Net operating result before grants and contributions provided for capital purposes (398) (523)
Balance Sheet
Total Current Assets 11,498 11,183
Total Current Liabilities 5,952 5,317
Total Non Current Assets 546,554 542,995
Total Non Current Liabilities 128 182
Total Equity 551,972 548,679
Other Financial Information
Operating Performance Ratio (%) -2.86% -4.18%
Own Source Operating Revenue Ratio (%) 85.97% 88.99%
Unrestricted Current Ratio 3.38x 3.88x
Debt Service Cover Ratio 22.92x 20.51x
Rates & Annual Charges Outstanding Ratio (%) 2.54% 2.26%
Cash Expense Cover Ratio (time) 9.12mths 9.33mths

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