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Consultation has concluded
Notice is hereby given that at the Council meeting to be held on Tuesday, 13 November 2018, the Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2018 will be presented to the public.
A summary of the financial reports is outlined below.
Item
2017/18
($,000)
2016/17
($,000)
Income Statement
Total income from continuing operations
126,001
120,957
Total expenses from continuing operations
110,264
102,225
Operating result from continuing operations
15,737
18,732
Net operating result for the year
15,737
18,732
Net operating result before grants and contributions provided for capital purposes
(1,862)
4,502
Statement of Financial Position
Total current assets
75,307
84,529
Total current liabilities
(22,440)
(24,739)
Total non-current assets
1,398,333
1,340,868
Total non-current liabilities
(64,846)
(67,777)
Total equity
1,386,354
1,332,881
Other Financial Information
Operating Performance Ratio
1.44%
6.54%
Own Source Operating Revenue Ratio
71.36%
74.36%
Unrestricted Current Ratio
1.37x
1.50x
Debt Service Cover Ratio
3.41x
4.03x
Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage
9.02%
10.50%
Cash Expense Cover Ratio
7.46 mths
9.07 mths
Building, Infrastructure & Other Structures Renewal Ratio
74.14%
114.76%
Infrastructure Backlog Ratio
13.45%
19.95%
Asset Maintenance Ratio
92.64%
93.00%
External Borrowings
67,338
70,172
Internal Borrowings
3,702
5,461
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 the year ended 30 June 2018. Submissions close on Tuesday, 20 November 2018 at 4.30pm.
The audited reports can be viewed online in our Document Library or in hardcopy at our Corporate Centre, 43 Oliver Avenue, Goonellabah.
Submissions can be made online, emailed to council@lismore.nsw.gov.au or sent to the General Manager, Lismore City Council, PO Box 23A, Lismore, NSW 2480.
For enquiries, phone John Hartley or Amanda Binney on 1300 87 83 87.
Notice is hereby given that at the Council meeting to be held on Tuesday, 13 November 2018, the Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2018 will be presented to the public.
A summary of the financial reports is outlined below.
Item
2017/18
($,000)
2016/17
($,000)
Income Statement
Total income from continuing operations
126,001
120,957
Total expenses from continuing operations
110,264
102,225
Operating result from continuing operations
15,737
18,732
Net operating result for the year
15,737
18,732
Net operating result before grants and contributions provided for capital purposes
(1,862)
4,502
Statement of Financial Position
Total current assets
75,307
84,529
Total current liabilities
(22,440)
(24,739)
Total non-current assets
1,398,333
1,340,868
Total non-current liabilities
(64,846)
(67,777)
Total equity
1,386,354
1,332,881
Other Financial Information
Operating Performance Ratio
1.44%
6.54%
Own Source Operating Revenue Ratio
71.36%
74.36%
Unrestricted Current Ratio
1.37x
1.50x
Debt Service Cover Ratio
3.41x
4.03x
Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage
9.02%
10.50%
Cash Expense Cover Ratio
7.46 mths
9.07 mths
Building, Infrastructure & Other Structures Renewal Ratio
74.14%
114.76%
Infrastructure Backlog Ratio
13.45%
19.95%
Asset Maintenance Ratio
92.64%
93.00%
External Borrowings
67,338
70,172
Internal Borrowings
3,702
5,461
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 the year ended 30 June 2018. Submissions close on Tuesday, 20 November 2018 at 4.30pm.
The audited reports can be viewed online in our Document Library or in hardcopy at our Corporate Centre, 43 Oliver Avenue, Goonellabah.
Submissions can be made online, emailed to council@lismore.nsw.gov.au or sent to the General Manager, Lismore City Council, PO Box 23A, Lismore, NSW 2480.
For enquiries, phone John Hartley or Amanda Binney on 1300 87 83 87.
