Presentation of Financial Statements

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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 (NSW), Bathurst Regional Council advises that the Ordinary Council meeting to be held on 15 November 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.

A summary of the Financial Statements is provided in the document library.

Submissions can be lodged below.


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 (NSW), Bathurst Regional Council advises that the ordinary Council meeting to be held on 15 November 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.

A summary of the Financial Statements is provided below.


2023

$’000


2022

$’000

Income Statement




Total income from continuing operations

132,085


123,446

Total expenses from continuing operations

132,634


117,295

Operating result from continuing operations

-549


6,151





Net operating result for the year

-549


6,151





Net operating result before grants and contributions provided for capital purposes

-18,204


-12,000





Statement of Financial Position



Total current assets

108,177


97,324

Total current liabilities

-43,594


-38,479

Total non-current assets

1,775,085


1,591,669

Total non-current liabilities

-39,550


-33,953

Total equity

1,800,118


1,616,561









Other financial information




Unrestricted current ratio (times)

0.96


1.15

Operating performance ratio (%)

(19.94)%


(20.8)%

Debt service cover ratio (times)

2.03


2.46

Rates and annual charges outstanding ratio (%)

6.32%


5.82%





Infrastructure renewals ratio (%)

18.31%


45.6%





Own source operating revenue ratio (%)

71.7%


70.46%

Cash expense cover ratio (months)

9.22


12.2



In accordance with Section 420 of the Local Government Act 1993 (NSW), 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: yoursay.bathurst.nsw.gov.au

Locations: Civic Centre, 158 Russell St, BATHURST

Bathurst Library, Keppel St, BATHURST

Submissions close Friday 24 November 2023 after the above public meeting has been held.

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 (NSW), Bathurst Regional Council advises that the Ordinary Council meeting to be held on 15 November 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.

A summary of the Financial Statements is provided in the document library.

Submissions can be lodged below.


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 (NSW), Bathurst Regional Council advises that the ordinary Council meeting to be held on 15 November 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.

A summary of the Financial Statements is provided below.


2023

$’000


2022

$’000

Income Statement




Total income from continuing operations

132,085


123,446

Total expenses from continuing operations

132,634


117,295

Operating result from continuing operations

-549


6,151





Net operating result for the year

-549


6,151





Net operating result before grants and contributions provided for capital purposes

-18,204


-12,000





Statement of Financial Position



Total current assets

108,177


97,324

Total current liabilities

-43,594


-38,479

Total non-current assets

1,775,085


1,591,669

Total non-current liabilities

-39,550


-33,953

Total equity

1,800,118


1,616,561









Other financial information




Unrestricted current ratio (times)

0.96


1.15

Operating performance ratio (%)

(19.94)%


(20.8)%

Debt service cover ratio (times)

2.03


2.46

Rates and annual charges outstanding ratio (%)

6.32%


5.82%





Infrastructure renewals ratio (%)

18.31%


45.6%





Own source operating revenue ratio (%)

71.7%


70.46%

Cash expense cover ratio (months)

9.22


12.2



In accordance with Section 420 of the Local Government Act 1993 (NSW), 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: yoursay.bathurst.nsw.gov.au

Locations: Civic Centre, 158 Russell St, BATHURST

Bathurst Library, Keppel St, BATHURST

Submissions close Friday 24 November 2023 after the above public meeting has been held.