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Consultation has concluded
SUMMARY OF FINANCIAL REPORTS
For the year ended 30 June 2023
Notice is hereby given that at the Council meeting to be held Tuesday, 23 January 2024, the Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2023 will be presented to the public.
A summary of the financial reports is outlined below.
Item
2022/23
($,000)
2021/22
($,000)
Income Statement
Total income from continuing operations
202,870
169,548
Total expenses from continuing operations
155,075
164,482
Operating result from continuing operations
47,795
5,066
Net operating result for the year
47,795
5,066
Net operating result for the year before grants and contributions provided for capital purposes
(13,416)
(27,220)
Statement of Financial Performance
Total current assets
169,833
150,377
Total current liabilities
(59,217)
(47,605)
Total non-current assets
1,830,286
1,700,188
Total non-current liabilities
(52,828)
(60,734)
Total equity
1,888,074
1,742,226
Other Financial Information
Operating Performance Ratio
(4.09%)
0.88%
Own Source Operating Revenue Ratio
46.98%
56.13%
Unrestricted Current Ratio
2.07x
2.38x
Debt Service Cover Ratio
2.89x
4.73x
Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage
9.95%
10.59%
Cash Expense Cover Ratio
12.04 months
14.14 months
Building & Infrastructure Renewals Ratio
259.01%
22.73%
Infrastructure Backlog Ratio
12.22%
15.02%
Asset Maintenance Ratio
106.95%
80.18%
External Borrowings
45,767
52,185
In accordance with Section 420 of the Local Government Act 1993, any person may make a submission to Council with respect to the Audited Financial Reports or the Auditor’s Report for Lismore City Council for the year ended 30 June 2023.
Submissions close on Tuesday, 30 January 2024 at 4.30pm.
Submissions can be made online, by email to council@lismore.nsw.gov.au or mailed to the General Manager, Lismore City Council, PO Box 23A, Lismore NSW 2480.
A copy of the audited reports will be available for inspection at Council’s Corporate Centre in Goonellabah and on Council’s website from 12 January 2024.
For enquiries please contact John Hartley on 02 66250 500.
SUMMARY OF FINANCIAL REPORTS
For the year ended 30 June 2023
Notice is hereby given that at the Council meeting to be held Tuesday, 23 January 2024, the Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2023 will be presented to the public.
A summary of the financial reports is outlined below.
Item
2022/23
($,000)
2021/22
($,000)
Income Statement
Total income from continuing operations
202,870
169,548
Total expenses from continuing operations
155,075
164,482
Operating result from continuing operations
47,795
5,066
Net operating result for the year
47,795
5,066
Net operating result for the year before grants and contributions provided for capital purposes
(13,416)
(27,220)
Statement of Financial Performance
Total current assets
169,833
150,377
Total current liabilities
(59,217)
(47,605)
Total non-current assets
1,830,286
1,700,188
Total non-current liabilities
(52,828)
(60,734)
Total equity
1,888,074
1,742,226
Other Financial Information
Operating Performance Ratio
(4.09%)
0.88%
Own Source Operating Revenue Ratio
46.98%
56.13%
Unrestricted Current Ratio
2.07x
2.38x
Debt Service Cover Ratio
2.89x
4.73x
Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage
9.95%
10.59%
Cash Expense Cover Ratio
12.04 months
14.14 months
Building & Infrastructure Renewals Ratio
259.01%
22.73%
Infrastructure Backlog Ratio
12.22%
15.02%
Asset Maintenance Ratio
106.95%
80.18%
External Borrowings
45,767
52,185
In accordance with Section 420 of the Local Government Act 1993, any person may make a submission to Council with respect to the Audited Financial Reports or the Auditor’s Report for Lismore City Council for the year ended 30 June 2023.
Submissions close on Tuesday, 30 January 2024 at 4.30pm.
Submissions can be made online, by email to council@lismore.nsw.gov.au or mailed to the General Manager, Lismore City Council, PO Box 23A, Lismore NSW 2480.
A copy of the audited reports will be available for inspection at Council’s Corporate Centre in Goonellabah and on Council’s website from 12 January 2024.
For enquiries please contact John Hartley on 02 66250 500.
