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, Moree Plains Shire Council advise that the Ordinary Council Meeting commencing at 2pm to be held on 21 March 2023 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/6/2023.
View 2022/23 Annual Financial Statement
A summary of the Financial Statements is provided below:
|
2023 |
2022 |
|
|
Income Statement |
||
|
Total Income from Continuing Operations |
88,444 |
76,048 |
|
Total Expenses from Continuing Operations |
79,839 |
70,475 |
|
Operating Result from Continuing Operations |
8,605 |
5,573 |
|
Net Operating Result for the year |
8,605 |
5,573 |
|
Net Operating Result before Grants and Contributions provided for Capital Purposes |
947 |
(5,169) |
|
Statement of Financial Position |
||
|
Total Current Assets |
72,779 |
58,331 |
|
Total Current Liabilities |
(45,423) |
(23,803) |
|
Total Non-Current Assets |
505,608 |
502,224 |
|
Total Non-Current Liabilities |
(32,083) |
(47,587) |
|
Total Equity |
500,881 |
489,165 |
|
Other Financial Information |
||
|
Unrestricted Current Ratio (times) |
1.80 |
3.26 |
|
Operating Performance Ratio (%) |
2.32% |
(6.37)% |
|
Debt Service Cover Ratio (times) |
4.94 |
3.87 |
|
Rates and Annual Charges Outstanding Ratio (%) |
9.13% |
8.00% |
|
Infrastructure Renewals Ratio (%) |
72.78% |
73.18% |
|
Own Source Operating Revenue Ratio (%) |
55.74% |
58.23% |
|
Cash Expense Cover Ratio (months) |
7.61 mths |
8.19 mths |
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:
Locations:
Council Office: Level 2, Max Centre, Heber St, Moree.
Moree Community Library, 36 Balo Street, Moree.
Submissions close one week after the above Public Meeting has been held.