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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.
