Financial Reports 2018-2019

Share on Facebook Share on Twitter Share on Linkedin Email this link

Consultation has concluded

Notice is hereby given that at the Council meeting to be held Tuesday, 10 December 2019, the Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2019 will be presented to the public.

A summary of the financial reports is outlined below.


Item

2018/19

($,000)

2017/18

($,000)

Income Statement


Total income from continuing operations

131,631

126,001

Total expenses from continuing operations

122,844

110,264

Operating result from continuing operations

8,787

15,737

Net operating result for the year

8,787

15,737

Net operating result before grants and contributions provided for capital purposes

(8,508)

(1,862)

Statement of Financial Position


Total current assets

93,079

76,205

Total current liabilities

(31,800)

(23,338)

Total non-current assets

1,417,287

1,398,333

Total non-current liabilities

(64,782)

(64,846)

Total equity

1,413,784

1,386,354

Other Financial Information


Operating Performance Ratio

2.08%

1.44%

Unrestricted Current Ratio

1.56x

1.35x

Debt Service Cover Ratio

4.01x

3.41x

Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage

9.53%

10.59%

Building and Infrastructure Renewal Ratio

216.48%

74.14%


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 2019.

Submissions close on Tuesday, 17 December 2019 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 Tuesday, 10 December 2019, the Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2019 will be presented to the public.

A summary of the financial reports is outlined below.


Item

2018/19

($,000)

2017/18

($,000)

Income Statement


Total income from continuing operations

131,631

126,001

Total expenses from continuing operations

122,844

110,264

Operating result from continuing operations

8,787

15,737

Net operating result for the year

8,787

15,737

Net operating result before grants and contributions provided for capital purposes

(8,508)

(1,862)

Statement of Financial Position


Total current assets

93,079

76,205

Total current liabilities

(31,800)

(23,338)

Total non-current assets

1,417,287

1,398,333

Total non-current liabilities

(64,782)

(64,846)

Total equity

1,413,784

1,386,354

Other Financial Information


Operating Performance Ratio

2.08%

1.44%

Unrestricted Current Ratio

1.56x

1.35x

Debt Service Cover Ratio

4.01x

3.41x

Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage

9.53%

10.59%

Building and Infrastructure Renewal Ratio

216.48%

74.14%


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 2019.

Submissions close on Tuesday, 17 December 2019 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.