Financial Statements for the year ended 30 June 2021
The Finance, Community & Services Committee meeting to be held on 11 October 2021 is the meeting at which Council’s Financial Statements for the year ended 30 June 2021, together with the Auditor’s Reports, will be presented to the public.
The Financial Statements are summarised below.
30 June 2021
30 June 2020
|Total income from continuing operations||112,523||103,870|
|Total expenses from continuing operations||111,896||102,757|
|Operating result from continuing operations||627||1,113|
|Net operating result for the year||627||1,113|
|Net operating result before grants and contributions provided for capital purposes||(4,278)||(9,048)|
|Total current assets||87,505||86,110|
|Total current liabilities||(60,736)||(54,299)|
|Total non-current Assets||1,078,989||1,067,598|
|Total non-current Liabilities||(65,584)||(59,869)|
Other Financial Information
|Operating performance ratio %||(15.08)%||(8.12)%|
|Own source operating revenue ratio %||90.37%||86.06%|
|Unrestricted current ratio||3.94x||4.04x|
|Debt service cover ratio %||0.14x||1.65x|
|Rates and annual charges outstanding %||4.16%||5.43%|
|Cash expense cover ratio (months)||6.02 mths||8.68 mths|
|Building & infrastructure renewals ratio||94.02%||110.36%|
|Infrastructure backlog ratio||1.35%||1.42%|
|Asset maintenance ratio||1.15%||1.11%|
Any person may make a submission to Council on its Financial Statements. Submissions must be in writing and received on or before 12 October 2021. Submissions can be emailed to email@example.com.
Enquiries regarding the Statements can be directed to Council’s Chief Financial Officer, Paul Ryan, on 9391 7022 during office hours.