No longer on display. Expired on
26 November 2021, 05:00 PM
In accordance with Section 418(3) of the Local Government Act 1993, Liverpool Plains Shire Council advises that the Ordinary Meeting to be held on 24 November 2021 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2021.
A summary of the Financial Statements is provided below:
| |
2021
$'000 |
2020
$'000 |
Income Statement
|
|
|
| Total income from continuing operations |
31,260 |
26,010 |
| Total expenses from continuing operations |
35,117 |
32,402 |
| Operating result from continuing operations |
(3,857) |
(6,392) |
| |
|
|
| Net operating result for the year |
(3,857) |
(6,392) |
| |
|
|
| Net operating result before grants and contributions provided for capital purposes |
(9,328) |
(8,501) |
| |
|
|
| Statement of Financial Position |
|
|
| Total current assets |
38,417 |
37,664 |
| Total current liabilities |
(7,372) |
(7,449) |
| Total non-current assets |
482,198 |
538,987 |
| Total non-current liabilities |
(16,192) |
(17,295) |
| Total equity |
497,051 |
551,907 |
| |
|
|
| Other Financial Information |
|
|
| Unrestricted current ratio (times) |
4.48 |
4.25 |
| Operating performance ratio (%) |
(33.87)% |
(35.28)% |
| Debt service ratio cover (times) |
10.82 |
8.97 |
| Rates and annual charges outstanding ratio (%) |
10.02% |
10.40% |
| |
|
|
| Infrastructure renewals ratio (%) |
44.59% |
51.54% |
| |
|
|
| Own source operating revenue ratio (%) |
54.21% |
62.31% |
| Cash expense cover ratio (months) |
16.90 |
19.20 |
For further information on the 2020-21 Financial Reports, please contact Council's Finance Business Unit on (02) 6746 1755.
The 2020-21 Financial Reports can be
accessed here(PDF, 2MB) or viewed in person at C
ouncil's Customer Service Centre, 60 Station Street Quirindi, between 8.30am and 5.00pm Monday to Friday.
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.
Submissions, clearly headed '2020-21 Financial Reports' can be submitted via email to council@liverpoolplains.nsw.gov.au or sent to the General Manager, Liverpool Plains Shire Council, 60 Station Street, and are to be received no later than 5.00pm 12 November 2021.
Joanne Sangster
GENERAL MANAGER