Public Notice – Presentation of Financial Statements - 30 June 2022

 

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 (NSW), Nambucca Valley Council advises that the Ordinary Council Meeting to be held on 10/11/2022 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2022.

 
A summary of the Financial Statements is provided below.  
  2022   2021
  $ '000   $ '000

Income Statement
     
Total income from continuing operations 62,159   51,371
Total expenses from continuing operations 43,818   40,286
Operating result from continuing operations 18,341   11,085
       
Net operating result for the year 18,341   11,085


Net operating result before grants and contributions provided for capital purposes



(878)
 


(1,888)

Statement of Financial Position
     
Total current assets 32,818   36,926
Total current liabilities (19,096)   (15,240)
Total non-current assets 580,945   509,050
Total non-current liabilities (38,891)   (38,258)
Total equity 555,776   492,478


Other financial information
     
Unrestricted current ratio (times) 1.98   2.17
Operating performance ratio (%) 0.74%   (5.47)%
Debt service cover ratio (times) 3.07   2.50
Rates and annual charges outstanding ratio (%) 3.61%   4.39%
Infrastructure renewals ratio (%) 55.31%   48.04%
Own source operating revenue ratio (%) 51.55%   58.47%
Cash expense cover ratio (months) 19.13   15.55


In accordance with Section 420 of the Local Government Act 2093 (NSW), 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:


Internet:                                              Financial Statements 2022

Locations:                                          44 Princess Street, Macksville
 

Written submissions are encouraged and will be received up until 3.00 pm on 17 November 2022.


Submissions should be addressed to:

The General Manager
Nambucca Valley Council PO Box 177
MACKSVILLE NSW 2447
 

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