Updates
Overview
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.
The audited financial statements and the auditors reports for the financial period ending 30 June 2021 were presented to the elected Council at a meeting on 2 February 2022.
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.
A summary of the financial reports is provided below.
Feedback received
During the exhibition period we received two submissions from the community. These were reported to the 23 March 2022 ordinary meeting.
Presentation of statements
In accordance with Section 418(3) of the Local Government Act, 1993 the ordinary meeting of Wednesday 2 February 2022 included the presentation of the audited Financial Statements and the Auditors Reports for the financial period ending 30 June 2022.
Annual 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 2 February 2022 will include the presentation of the audited Financial Statements and the Auditors Reports for the Financial Period ending 30 June 2021.
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 on Have Your Say from Thursday 23 December 2021 until Wednesday 9 February 2022.
A summary of the financial reports is provided below:
| Current Year 01/07/20 - 30/06/2021 | Previous Year 01/07/19 - 30/06/20 | |
Income Statement | ||
| Total Income from Continuing Activities | 315,185 | 295,032 |
| Total Expenses from Continuing Activities | 278,108 | 258,520 |
| Operating result from Continuing Operations | 37,077 | 36,512 |
| Net
Result for the Year | 37,077 | 36,512 |
| Net Operating Result before grants & contributions provided for capital purposes | (20,931) | (11,068) |
| Statement of Financial Position | ||
| Total
Current Assets | 210,255 | 205,277 |
| Total
Current Liabilities | 92,659 | 81,751 |
| Total
Non-Current Assets | 3,771,282 | 3,708,429 |
| Total
Non-Current Liabilities | 192,151 | 207,478 |
| Total Equity | 3,696,727 | 3,624,477 |
| Other Financial Information | ||
| Unrestricted Current Ratio | 3.09x | 4.28x |
| Operating
Performance Ratio | (5.00)% | (2.83)% |
| Buildings
& Infrastructure Renewal Ratio | 94.46% | 79.03% |
| Debt
Service Cover Ratio | 1.77x | 2.61x |
| Rates & Annual Charges Outstanding Percentage | 11.71% | 7.49% |
Document library
Timeline
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Timeline item 1 - complete
Submissions received
23 December 2021 – 9 February 2022
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Timeline item 2 - complete
Submissions provided to auditor
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Timeline item 3 - complete
Submissions reported to elected Council
23 March 2022
How to have your say
The consultation has now ended. Thank you to everyone who provided feedback. All feedback with be reviewed by the project team.
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