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Submissions Close 29 October 2019
In accordance with Section 418 (3) of the Local Government Act 1993, The Hills Shire Council advises that the ordinary Council meeting to be held on 22 October, 2019 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2019.
A summary of the Financial Statements is provided below:
Total income from continuing operations
296,965
291,401
Total expenses from continuing operations
150,100
145,090
Operating result from continuing operations
146,865
146,311
Net operating result for the year
Net operating result before grants and contributions provided for capital purposes
12,315
6,971
STATEMENT OF FINANCIAL POSITION
Total current assets
394,220
426,854
Total current liabilities
(48,060)
(49,414)
Total non-current assets
3,622,895
3,477,308
Total non-current liabilities
(4,123)
(600)
Total equity
3,964,932
3,854,148
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)
20.55x
16.19x
Operating performance ratio (%)
15.5%
12.0%
Debt service cover ratio (times)
0.00x
Rates and annual charges outstanding ratio (%)
3.9%
3.6%
Buildings and Infrastructure renewals ratio (%)
102.2%
102.8%
Own source operating revenue ratio (%)
47.9%
45.7%
Cash expense cover ratio (months)
32.36 mths
30.4 mths
In accordance with Section 420 of the Local Government Act 1993 , any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.
Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected on this page or at:
01 October 2019
29 October 2019