Council's Financial Statements

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Presentation of Council's Financial Statements - as per Section 418 (3) of the Local Government Act.

 In accordance with Section 418 (3) of the Local Government Act, 1993, Wollondilly Shire Council advises that the Ordinary Council Meeting held on 21/11/16 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the financial year ending 30/6/2016.

A summary of the Financial Statements is provided below:

 

2016

2015

 

$’000

$’000

Income Statement

Total Income from Continuing Operations                      

68,188

63,018

Total Expenses from Continuing Operations

54,304

55,546

Operating Result from Continuing Operations

13,884    

 7,472

Net Operating Result for the year

13,884    

 7,472

 

 

 

Net Operating Result before Capital Grants & Contributions

(5,559)

(9,657)

Statement of Financial Position

Total Current Assets

41,057

40,379

Total Current Liabilities

(13,165)

  (11,319)

Total Non Current Assets

452,659

395,831

Total Non Current Liabilities

(25,847)

(26,903)

Total Equity

454,704

397,988

 

Other Financial Information

Unrestricted Current Ratio (times)

Operating Performance Ratio (%)

3.36x

-11.6%

3.42x

-12.0%

 

Debt Service Cover Ratio (times)

2.34x

2.00x

 

Rates & Annual Charges Outstanding Ratio (%)

6.5%

6.1%

 

Infrastructure Renewals Ratio (%)

78.2%

70.4%

 

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. 

Hard copies of the audited Financial Statements and the Auditor's Reports may be inspected at Council's Administration Building, 62-64 Menangle Road, Picton. Submissions close one week after the above Public Meeting has been held.