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Last Updated
Friday, September 21, 2012

Financial reports for period ending 30 June 2012

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 8 October 2012.

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 close one week after the above Council meeting has been held.

Summary of the Financial Reports for the Year Ended 30th June 2012

Description 2012 $'000 2011 $'000
Income Statement
Total Income from continuing operations 13,171 11,785
Total Expenses from continuing operations 14,292 13,050
Operating result from continuing operations (1,121) (1,265)
Net operating result for the year (1,121) (1,265)
Net operating result before grants and contributions provided for capital purposes (1,766) (1,647)
Balance Sheet
Total Current Assets 10,608 10,443
Total Current Liabilities 5,307 4,867
Total Non Current Assets 477,223 478,466
Total Non Current Liabilities 302 699
Total Equity 482,222 483,343
Other Financial Information
Unrestricted Current Ratio 3.15:1 3.49:1
Debt Service Ratio ( % ) 3.56% 3.93%
Rates Coverage Ratio ( % ) 67.72% 72.21%
Rates & Annual Charges Outstanding Percentage (%) 2.44% 2.80%
Building & Infrastructure Renewals Ratio (%) 19.64% 18.03%

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