Council's Financial Statements

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Public Notice - Presentation of 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 19/11/18 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the financial year ending 30/6/2018.

 A summary of the Financial Statements is provided below:

  

 

2018

2017

 

$’000

$’000

Income Statement

Total Income from Continuing Operations                      

71,965

65,372

Total Expenses from Continuing Operations

72,578

55,609

Operating Result from Continuing Operations

(613)

9,763

 

 

 

Net Operating Result for the year

(613)

9,763    

 

 

 

Net Operating Result before Capital Grants & Contributions

(14,970)

508

 

Statement of Financial Position

Total Current Assets

53,854

42,076

Total Current Liabilities

(15,173)

(14,418)

Total Non Current Assets

481,936

461,860

Total Non Current Liabilities

(29,089)

(25,051)

Total Equity

491,528

464,467

Other Financial Information

Unrestricted Current Ratio (times)

Operating Performance Ratio (%)

2.69x

-26.6%

2.99x

0.9%

Debt Service Cover Ratio (times)

1.46x

4.19x

Rates & Annual Charges Outstanding Ratio (%)

5.1%

5.2%

Buildings & Infrastructure Renewals Ratio (%)

103.1%

113.1%

Own Source Operating Revenue Ratio (%)

69.5%

69.7%

Cash Expense Cover Ratio (months)

9.90 mths

10.4 mths

 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.

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.

 Download

 Annual Financial Statements for financial year ending 2018