Financial Reports 2017-2018
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.