Public notice – Presentation of financial statements
for the year ended 30 June 2021 - as per Section 418 (3) of the Local Government Act.
| Moree Plains Shire Council advises that due to the Local Government Elections the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2021 will not be presented until the new Council is elected and the timetable for Council meetings is decided. |
A summary of the Financial Statements is provided below.
|
2021 $ '000 |
2020 $ '000 |
|
|
Income Statement |
||
|
Total income from continuing operations |
67,420 |
77,102 |
|
Total expenses from continuing operations |
60,606 |
60,090 |
|
Operating result from continuing operations |
6,814 |
17,102 |
|
Net operating result for the year |
||
|
6,814 |
17,102 |
|
|
Net operating result before grants and contributions provided for capital purposes |
(3,649) |
(944) |
|
Statement of Financial Position |
||
|
Total current assets |
60,021 |
53,582 |
|
Total current liabilities |
(21,698) |
(27,457) |
|
Total non-current assets |
455,908 |
463,787 |
|
Total non-current liabilities |
(48,465) |
(35,123) |
|
Total equity |
445,766 |
454,789 |
|
Other financial information |
||
|
Unrestricted current ratio (times) |
3.71 |
1.75 |
|
Operating performance ratio (%) |
-4.68% |
-0.05% |
|
Debt service cover ratio (times) |
3.40 |
2.39 |
|
Rates and annual charges outstanding ratio (%) |
7.44% |
7.69% |
|
Infrastructure renewals ratio (%) |
88.03% |
132.62% |
|
Own source operating revenue ratio (%) |
61.56% |
57.73% |
|
Cash expense cover ratio (months) |
9.68 |
7.02 |
In accordance with Section 420 of the Local Government Act 1993 (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 Statement
Locations:
Main Office - Level 2, Max Centre, 30 Heber Street, Moree
Moree Branch Library – 36 Balo Street, Moree
Mungindi Library and Office - 153 St George Street, Mungindi
Mobile Office and Library Van