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 23 November 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 14 December 2022 ordinary meeting.

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 2022.

Current Year

01/07/21 - 30/06/2022

$’000

Previous Year

01/07/20 - 30/06/21

$'000

Income Statement

Total Income from Continuing Activities

346,474

315,185

Total Expenses from Continuing Activities

265,729

278,108

Operating result from Continuing Operations

80,745

37,077

Net Result for the Year

80,745

37,077

Net Operating Result before grants & contributions provided for capital purposes8,915

(20,931)

Statement of Financial Position
Total Current Assets

218,583

205,277

Total Current Liabilities

101,510

81,751

Total Non-Current Assets

4,231,672

3,708,429

Total Non-Current Liabilities

175,414

207,478

Total Equity4,173,3313,696,727
Other Financial Information
Unrestricted Current Ratio

2.80x

3.09x

Operating Performance Ratio

4.20%

(5.00)%

Buildings & Infrastructure Renewal Ratio

117.43%

94.46%

Debt Service Cover Ratio

2.75x

1.77x

Rates & Annual Charges Outstanding Percentage 8.89%11.71%

How to have your say

Feedback closed at 4:30pm Wednesday 30 November 2022.


Timeline

  • Timeline item 1 - complete

    Exhibition period

    2 November 2022 - 30 November 2022

  • Timeline item 2 - complete

    Submissions close

    4:30pm 30 November 2022

  • Timeline item 3 - active

    Submissions provided to auditor

  • Timeline item 4 - incomplete

    Submissions reported to elected Council

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