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 20 November 2017 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the financial year ending 30 June 2017.

A summary of the Financial Statements is provided below:

 

 

2017

2016

 

$’000

$’000

Income Statement

Total Income from Continuing Operations                      

65,372

68,188

Total Expenses from Continuing Operations

55,609

54,304

Operating Result from Continuing Operations

9,763

13,884    

 

 

 

Net Operating Result for the year

9,763

13,884    

 

 

 

Net Operating Result before Capital Grants & Contributions

508

(5,559)

Statement of Financial Position

Total Current Assets

42,076

41,057

Total Current Liabilities

(14,418)

(13,165)

Total Non Current Assets

461,860

452,659

Total Non Current Liabilities

(25,051)

(25,847)

Total Equity

464,467

454,704

 Other Financial Information

Unrestricted Current Ratio (times)

Operating Performance Ratio (%)

2.99x

0.9%

3.36x

-11.6%

 

Debt Service Cover Ratio (times)

4.19x

2.34x

 

Rates & Annual Charges Outstanding Ratio (%)

5.2%

6.5%

 

Infrastructure Renewals Ratio (%)

99.4%

78.2%

 

 

 

 

 

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  www.wollondilly.nsw.gov.au or 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 2017