October 10, 2022
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 17 October, 2022.
In accordance with Section 420 of the Local Government Act 1993, written submissions regarding any aspect of the Statements or Auditor’s Report must be lodged with Council within 7 days of this meeting on close of business 24 October 2022.
| Summary of the Financial Reports for the Year Ended 30th June, 2022 | ||
| 2022 | 2021 | |
| $’000 | $’000 | |
| Income Statement | ||
| Total Income from continuing operations | 18,820 | 18,416 |
| Total Expenses from continuing operations | 19,730 | 18,806 |
| Operating result from continuing operations | (910) | (390) |
| Net operating result for the year | ||
| Net operating result before grants and contributions provided for capital purposes | (2491) | (2219) |
| Balance Sheet | ||
| Total Current Assets | 24,923 | 23,580 |
| Total Current Liabilities | 11,325 | 7,999 |
| Total Non Current Assets | 236,814 | 229,907 |
| Total Non Current Liabilities | 12 | 14 |
| Total Equity | 250400 | 245474 |
| Other Financial Information | ||
| Operating Performance Ratio (%) | (13.37%) | (12.53%) |
| Own Source Operating Revenue Ratio (%) | 84.85% | 84.23% |
| Unrestricted Current Ratio | 2.24x | 3.54x |
| Debt Service Cover Ratio | NA | NA |
| Rates & Annual Charges Outstanding Ratio (%) | 5.92% | 4.71% |
| Cash Expense Cover Ratio (time) | 18.38mths | 16.63mths |
22 Alexandra Street, Hunters Hill NSW 2110
PO Box 21, Hunters Hill NSW 2110
Tel: (02) 9879 9400
E: customerservice@huntershill.nsw.gov.au
ABN: 75 570 316 011
We acknowledge that The Wallumedegal people of the Eora Nation are the Traditional Custodians of this land.
