Financial Statements for the year ended 30 June 2018
The Finance, Community & Services Committee meeting to be held on 19 November 2018 is the meeting at which Council’s Financial Statements for the year ended 30 June 2018, together with the Auditor’s Reports, will be presented to the public. The Financial Statements are summarised below.
| 30 June 2018 |
| 30 June 2017 |
|Total income from continuing operations||100,906||104,573|
|Total expenses from continuing operations||92,280||89,877|
|Operating result from continuing operations||8,626||14,696|
|Net operating result for the year||8,626||14,696|
|Net operating result before grants and contributions provided for capital purposes||4,280||10,393|
|Total current assets||85,975||79,918|
|Total current liabilities||(44,886)||(42,828)|
|Total non-current Assets||895,213||881,448|
|Total non-current Liabilities||(64,644)||(67,205)|
|Other Financial Information|
|Operating performance ratio %||3.73%||4.34%|
|Own source operating revenue ratio %||91.55%||90.4%|
|Unrestricted current ratio||4.46x||3.87x|
|Debt service cover ratio %||2.94x||3.00x|
|Rates and annual charges outstanding %||3.74%||4.13%|
|Cash expense cover ratio (months)||8.60 mths||6.97 mths|
|Building & infrastructure renewals ratio||87.95%||103.05%|
|Infrastructure backlog ratio||1.27%||1.38%|
|Asset maintenance ratio||1.07||1.00|
The Financial Statements will be available for inspection from 7 November to 20 November 2018 at Woollahra Council Chambers, 536 New South Head Road, Double Bay, Monday to Friday 8.30am – 4.30pm. Any person may make a submission to Council on its Financial Statements.
Submissions must be in writing and received on or before 27 November 2018.
Enquiries regarding the Statements can be directed to Council’s Chief Financial Officer, Sue Meekin, on 9391 7022 during office hours.