On Public Exhibition - Audited Financial Reports for year ending 30 June 2021
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Consultation has concluded
The Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2021, will be presented to the public at the Council meeting to be held Tuesday, 9 November 2021.
A summary of the financial reports is outlined below.
Item
2020/21
($,000)
2019/20
Restated
($,000)
Income Statement
Total income from continuing operations
142,880
141,529
Total expenses from continuing operations
124,209
114,045
Operating result from continuing operations
18,671
27,484
Net operating result for the year
18,671
27,484
Net operating result before grants and contributions provided for capital purposes
(14,972)
(635)
Statement of Financial Position
Total current assets
119,503
97,401
Total current liabilities
(39,462)
(30,025)
Total non-current assets
1,714,861
1,678,382
Total non-current liabilities
(62,348)
(65,270)
Total equity
1,732,554
1,680,488
Other Financial Information
Operating Performance Ratio
(9.93%)
2.74%
Own Source Operating Revenue Ratio
64.37%
66.72%
Unrestricted Current Ratio
1.84x
2.31x
Debt Service Cover Ratio
3.04x
2.54x
Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage
9.36%
9.24%
Cash Expense Cover Ratio
13.33 mths
10.14 mths
Building and Infrastructure Renewal Ratio
76.90%
88.38%
Infrastructure Backlog Ratio
12.70%
10.93%
Asset Maintenance Ratio
86.09%
91.30%
External Borrowings
57,501
62,680
Internal Borrowings
-
523
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 2021.
Submissions close on Tuesday, 16 November 2021 at 4.30pm.
Submissions can be made online via the submission form below , or sent to: the General Manager, Lismore City Council, PO Box 23A, Lismore NSW 2480.
The Audited Financial Reports and the Auditor’s Report for the period ended 30 June 2021, will be presented to the public at the Council meeting to be held Tuesday, 9 November 2021.
A summary of the financial reports is outlined below.
Item
2020/21
($,000)
2019/20
Restated
($,000)
Income Statement
Total income from continuing operations
142,880
141,529
Total expenses from continuing operations
124,209
114,045
Operating result from continuing operations
18,671
27,484
Net operating result for the year
18,671
27,484
Net operating result before grants and contributions provided for capital purposes
(14,972)
(635)
Statement of Financial Position
Total current assets
119,503
97,401
Total current liabilities
(39,462)
(30,025)
Total non-current assets
1,714,861
1,678,382
Total non-current liabilities
(62,348)
(65,270)
Total equity
1,732,554
1,680,488
Other Financial Information
Operating Performance Ratio
(9.93%)
2.74%
Own Source Operating Revenue Ratio
64.37%
66.72%
Unrestricted Current Ratio
1.84x
2.31x
Debt Service Cover Ratio
3.04x
2.54x
Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage
9.36%
9.24%
Cash Expense Cover Ratio
13.33 mths
10.14 mths
Building and Infrastructure Renewal Ratio
76.90%
88.38%
Infrastructure Backlog Ratio
12.70%
10.93%
Asset Maintenance Ratio
86.09%
91.30%
External Borrowings
57,501
62,680
Internal Borrowings
-
523
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 2021.
Submissions close on Tuesday, 16 November 2021 at 4.30pm.
Submissions can be made online via the submission form below , or sent to: the General Manager, Lismore City Council, PO Box 23A, Lismore NSW 2480.
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