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Consultation has concluded
Submissions closed 5pm, Tuesday 10 November 2020
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 30 November 2020 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2020.
A summary of the Financial Statements is provided below:
INCOME STATEMENT
Income Statement
2018/19 $'000
2019/20 $'000
Total Income from Continuing Operations
135,364
121,327
Total Expenses from Continuing Operations
114,856
126,460
Operating Result from Continuing Operations
20,508
(5,133)
Net Operating Result for the year
20,508
(5,133)
Net Operating Result before Grants & Contributions provided for Capital Purposes
4,735
(11,511)
STATEMENT OF FINANCIAL POSITION
2018/19 $'000
2019/20 $'000
Total Current Assets
97,996
98,000
Total Current Liabilities
(40,212)
(48,414)
Total Non Current Assets
1,115,246
1,194,796
Total Non Current Liabilities
(8,378)
(10,524)
Total Equity
1,164,652
1,233,858
OTHER FINANCIAL INFORMATION
2018/19
2019/20
Unrestricted Current ratio (times)
3.45
2.82
Operating Performance ratio (%)
3.34
(6.76)
Debt Service Cover (times)
27.62
15.11
Rates and Annual Charges outstanding ratio (%)
2.05
2.90
Infrastructure renewals ratio (%)
121.48
79.33
Own Source Operating Revenue ratio (%)
83.98
89.80
Cash Expense Cover ratio (months)
8.74
9.50
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:
in the Document Library
at Council’s Customer Service Centre, 200 Miller Street, North Sydney, from 9am to 5pm, Monday to Friday.
For more information contact Council's Manager Financial Services on 9936 8100.
Submissions closed 5pm, Tuesday 10 November 2020
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 30 November 2020 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2020.
A summary of the Financial Statements is provided below:
INCOME STATEMENT
Income Statement
2018/19 $'000
2019/20 $'000
Total Income from Continuing Operations
135,364
121,327
Total Expenses from Continuing Operations
114,856
126,460
Operating Result from Continuing Operations
20,508
(5,133)
Net Operating Result for the year
20,508
(5,133)
Net Operating Result before Grants & Contributions provided for Capital Purposes
4,735
(11,511)
STATEMENT OF FINANCIAL POSITION
2018/19 $'000
2019/20 $'000
Total Current Assets
97,996
98,000
Total Current Liabilities
(40,212)
(48,414)
Total Non Current Assets
1,115,246
1,194,796
Total Non Current Liabilities
(8,378)
(10,524)
Total Equity
1,164,652
1,233,858
OTHER FINANCIAL INFORMATION
2018/19
2019/20
Unrestricted Current ratio (times)
3.45
2.82
Operating Performance ratio (%)
3.34
(6.76)
Debt Service Cover (times)
27.62
15.11
Rates and Annual Charges outstanding ratio (%)
2.05
2.90
Infrastructure renewals ratio (%)
121.48
79.33
Own Source Operating Revenue ratio (%)
83.98
89.80
Cash Expense Cover ratio (months)
8.74
9.50
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:
in the Document Library
at Council’s Customer Service Centre, 200 Miller Street, North Sydney, from 9am to 5pm, Monday to Friday.
For more information contact Council's Manager Financial Services on 9936 8100.
