Financial Statements 2022-2023

CLOSED: This discussion has concluded.

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.