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Each year the community has an opportunity to comment on our audited financial statements, in accordance with Section 418(3) of the Local Government Act, 1993.

Council advises that the Ordinary Meeting to be held on Wednesday 22 November 2023 will include the presentation of the audited Financial Statements and the Auditors Reports for the Financial Period ending 30 June 2023.

In accordance with Section 420 of the Local Government Act 1993, any person may make a submission in writing to Council with respect to the Council’s audited Financial Statements or the Auditor's Reports. All submissions must be lodged (email accepted) with the Council within 7 days of the public meeting.

Council’s audited Financial Statements, together with the Auditor’s Reports are available for public inspection from Thursday 2 November until Friday 24 November 2023.

A summary of the financial reports is provided below.


Presentation of statements

In accordance with Section 418(3) of the Local Government Act, 1993 the ordinary meeting of Wednesday 23 November 2022 included the presentation of the audited Financial Statements and the Auditors Reports for the financial period ending 30 June 2023.

Current Year

01/07/22 - 30/06/2023

$’000

Previous Year

01/07/21 - 30/06/22

$'000

Income Statement

Total Income from Continuing Activities

378,076

346,474

Total Expenses from Continuing Activities

342,040

265,729

Operating result from Continuing Operations

36,036

80,745

Net Result for the Year

36,036

80,745

Net Operating Result before grants & contributions provided for capital purposes

(45,397)

8,915

Statement of Financial Position
Total Current Assets

241,916

218,583

Total Current Liabilities

124,151

101,510

Total Non-Current Assets

4,464,608

4,231,672

Total Non-Current Liabilities

181,062

175,414

Total Equity4,401,311

4,173,331

Other Financial Information
Unrestricted Current Ratio

2.58x

2.80x

Operating Performance Ratio

(2.47)%

4.20%

Buildings & Infrastructure Renewal Ratio

128.13%

117.43%

Debt Service Cover Ratio

2.99x

2.75x

Rates & Annual Charges Outstanding Percentage 10.70%8.89%

View the financial statements below

You can view or download a copy of Council's Audited Financial Statements below.

Make a submission

Submissions closed Friday 4:30pm 24 November.


Timeline

  • Timeline item 1 - complete

    Exhibition period

    2 November 2023 - Friday 24 November 2023

  • Timeline item 2 - complete

    Submissions close

    4:30pm 24 November 2023

  • Timeline item 3 - active

    Submissions provided to auditor

  • Timeline item 4 - incomplete

    Submissions reported to elected Council

We acknowledge the traditional custodians of the land on which we work and live, the Gathang-speaking people and pay our respects to all Aboriginal and Torres Strait Islander people who now reside in the MidCoast Council area. We extend our respect to elders past and present, and to all future cultural-knowledge holders.

Contact us

Email: haveyoursay@midcoast.nsw.gov.au

www.midcoast.nsw.gov.au

General enquiries - (02)7955 7777

Open Monday - Friday 8.30am to 4.30pm (excluding public holidays)

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