Financial Reports 2017-2018

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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.

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