Weddin Shire Council

PRESENTATION OF FINANCIAL STATEMENTS 2017/2018

WEDDIN SHIRE COUNCIL

 

PUBLIC NOTICE - PRESENTATION OF FINANCIAL STATEMENTS

as per Section 418 (3) of the Local Government Act.

 

In accordance with Section 418 (3) of the Local Government Act, 1993, Weddin Shire Council advises that the Ordinary Council Meeting to be held on 15/11/18 will include the presentation of the audited Financial Statements and the Auditor's Reports for the financial year ending 30 June 2018.

 

A summary of the Financial Statements is provided below:

2018

2017

 

$'000

$'000

Income Statement

 

 

 

 

 

Total Income from Continuing Operations

14,573

16,758

Total Expenses from Continuing Operations

13,773

12,317

Operating Result from Continuing Operations

800

4,441

 

 

 

Net Operating Result for the year

800

4,441

 

 

 

Net Operating Result before Grants & Contributions provided for Capital Purposes

(1,215)

3,135

 

 

 

Balance Sheet

 

 

 

 

 

Total Current Assets

8,301

11,522

Total Current Liabilities

(2,858)

(3,030)

Total Non-Current Assets

186,430

175,826

Total Non-Current Liabilities

(4,459)

(4,490)

Total Equity

187,414

179,828

 

 

 

Other Financial Information

 

 

 

 

 

 

Unrestricted Ratio

4.09 : 1

5.23 : 1

Debt Service Ratio (%)

5.91

42.55

Operating Performance Ratio (%)

-11.12%

19.90%

Rates & Annual Charges Outstanding Ratio (%)

5.44%

5.92%

 

 

 

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 at:

Internet:                           www.weddin.nsw.gov.au

Locations:                       Weddin Shire Council

                                         Corner of Camp and Weddin Streets

                                         GRENFELL  NSW  2810

 

Submissions close one week after the above Public Meeting has been held.

 

PO BOX 125                                                                                      GLENN CARROLL

GRENFELL                                                                                       GENERAL MANAGER