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Consultation has concluded
In accordance with Section 418 (3) of the Local Government Act 1993, North Sydney Council advises that the ordinary Council meeting to be held on 10 December 2018 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2018.
A summary of the Financial Statements is provided below:
INCOME STATEMENT
Income Statement
2017/18 $'000
2016/17 $'000
Total Income from Continuing Operations
123,126
133,517
Total Expenses from Continuing Operations
107,331
108,057
Operating Result from Continuing Operations
15,795
25,460
Net Operating Result for the year
15,795
25,460
Net Operating Result before Grants & Contributions provided for Capital Purposes
7,170
6,980
STATEMENT OF FINANCIAL POSITION
2017/18 $'000
Restated 2016/17 $'000
Restated 1 July 2016 $'000
Total Current Assets
77,726
90,994
107,917
Total Current Liabilities
(46,056)
(38,002)
(41,444)
Total Non Current Assets
1,116,199
995,280
948,442
Total Non Current Liabilities
(225)
(9,689)
(9,705)
TOTAL EQUITY
1,147,644
1,038,583
1,005,210
PERFORMANCE MEASUREMENT INDICATORS
2017/18
2016/17
Operating Performance ratio (%)
7.08%
5.92%
Own Source Operating Revenue ratio (%)
89.35%
80.31%
Unrestricted Current ratio (times)
2.2x
3.51x
Debt Service Cover (times)
91.17x
84.31x
Rates, Annual Charges, Interest & Extra Charges outstanding percentage (%)
Buildings Infrastructure & Other Structures Renewals ratio (%)
199.63%
233.52%
Infrastructure Backlog ratio (%)
6.58%
0.00%
Asset Maintenance ratio (%)
107.92%
99.53%
Cost to bring assets to agreed service level (%)
4.10%
0.00%
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.
The document can be viewed at:
the Document Library (on right hand side)
Council’s Customer Service Centre, 200 Miller Street, North Sydney, from 9am to 5pm, Monday to Friday.
Stanton Library, 234 Miller Street, North Sydney, from 9am to 9pm Monday to Thursday, 9am to 6pm on Friday and from 10am to 5pm on Saturday and Sunday.
Submissions
Use the submission form (see below) or alternatively, send submissions to: Email - yoursay@northsydney.nsw.gov.au Mail - General Manager North Sydney Council PO Box 12 NORTH SYDNEY NSW 2059
For more information contact Council's Manager Financial Services on 9936 8100.
In accordance with Section 418 (3) of the Local Government Act 1993, North Sydney Council advises that the ordinary Council meeting to be held on 10 December 2018 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2018.
A summary of the Financial Statements is provided below:
INCOME STATEMENT
Income Statement
2017/18 $'000
2016/17 $'000
Total Income from Continuing Operations
123,126
133,517
Total Expenses from Continuing Operations
107,331
108,057
Operating Result from Continuing Operations
15,795
25,460
Net Operating Result for the year
15,795
25,460
Net Operating Result before Grants & Contributions provided for Capital Purposes
7,170
6,980
STATEMENT OF FINANCIAL POSITION
2017/18 $'000
Restated 2016/17 $'000
Restated 1 July 2016 $'000
Total Current Assets
77,726
90,994
107,917
Total Current Liabilities
(46,056)
(38,002)
(41,444)
Total Non Current Assets
1,116,199
995,280
948,442
Total Non Current Liabilities
(225)
(9,689)
(9,705)
TOTAL EQUITY
1,147,644
1,038,583
1,005,210
PERFORMANCE MEASUREMENT INDICATORS
2017/18
2016/17
Operating Performance ratio (%)
7.08%
5.92%
Own Source Operating Revenue ratio (%)
89.35%
80.31%
Unrestricted Current ratio (times)
2.2x
3.51x
Debt Service Cover (times)
91.17x
84.31x
Rates, Annual Charges, Interest & Extra Charges outstanding percentage (%)
Buildings Infrastructure & Other Structures Renewals ratio (%)
199.63%
233.52%
Infrastructure Backlog ratio (%)
6.58%
0.00%
Asset Maintenance ratio (%)
107.92%
99.53%
Cost to bring assets to agreed service level (%)
4.10%
0.00%
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.
The document can be viewed at:
the Document Library (on right hand side)
Council’s Customer Service Centre, 200 Miller Street, North Sydney, from 9am to 5pm, Monday to Friday.
Stanton Library, 234 Miller Street, North Sydney, from 9am to 9pm Monday to Thursday, 9am to 6pm on Friday and from 10am to 5pm on Saturday and Sunday.
Submissions
Use the submission form (see below) or alternatively, send submissions to: Email - yoursay@northsydney.nsw.gov.au Mail - General Manager North Sydney Council PO Box 12 NORTH SYDNEY NSW 2059
For more information contact Council's Manager Financial Services on 9936 8100.
Please ensure you have reviewed the Financial Statements 2017/18 prior to making a submission. You can view the draft strategy in public exhibition documents.
Privacy Statement: Any personal data captured in this submission will be stored by Council in accordance with its Privacy Statement, Privacy Management Plan, Government Information (Public Access) Act 2009 and the Privacy and Personal Information and Protection Act 1998. Personal information captured will be used only for participation in this project and will not be disclosed to any third party without your written consent.
Consultation has concluded
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