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 20 November 2024 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2024.

A summary of the Financial Statements is provided below.

2024
$ '000


2023
$ '000

Income Statement

Total income from continuing operations

151,112

132,085

Total expenses from continuing operations

127,164

132,634

Operating result from continuing operations

23,948

(549)

Net operating result for the year

23,948

(549)

Net operating result before grants and contributions provided for capital purposes

(9,248)

(18,204)

Statement of Financial Position

Total current assets

79,083

108,177

Total current liabilities

(41,875)

(43,594)

Total non-current assets

1,897,686

1,775,085

Total non-current liabilities

(26,129)

(39,550)

Total equity

1,908,765

1,800,118

Other financial information

Unrestricted current ratio (times)

0.59

0.96

Operating performance ratio (%)

(8.50)%

(19.94)%

Debt service cover ratio (times)

2.70

2.03

Rates and annual charges outstanding ratio (%)

6.68%

6.32%

Infrastructure renewals ratio (%)

48.86%

18.31%

Own source operating revenue ratio (%)

65.38%

71.70%

Cash expense cover ratio (months)

5.97

9.22

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 is included in the Document Library and can also be viewed at:

Locations:

Civic Centre, 158 Russell St, Bathurst

Bathurst Library, Keppel St, Bathurst

Submissions close 4pm, Friday 29 November 2024 after the above public meeting has been held.

Submissions can be lodged via the form below or to council@bathurst.nsw.gov.au or in writing to The General Manager, Bathurst Regional Council, PMB 17, Bathurst NSW 2795.

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 20 November 2024 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2024.

A summary of the Financial Statements is provided below.

2024
$ '000


2023
$ '000

Income Statement

Total income from continuing operations

151,112

132,085

Total expenses from continuing operations

127,164

132,634

Operating result from continuing operations

23,948

(549)

Net operating result for the year

23,948

(549)

Net operating result before grants and contributions provided for capital purposes

(9,248)

(18,204)

Statement of Financial Position

Total current assets

79,083

108,177

Total current liabilities

(41,875)

(43,594)

Total non-current assets

1,897,686

1,775,085

Total non-current liabilities

(26,129)

(39,550)

Total equity

1,908,765

1,800,118

Other financial information

Unrestricted current ratio (times)

0.59

0.96

Operating performance ratio (%)

(8.50)%

(19.94)%

Debt service cover ratio (times)

2.70

2.03

Rates and annual charges outstanding ratio (%)

6.68%

6.32%

Infrastructure renewals ratio (%)

48.86%

18.31%

Own source operating revenue ratio (%)

65.38%

71.70%

Cash expense cover ratio (months)

5.97

9.22

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 is included in the Document Library and can also be viewed at:

Locations:

Civic Centre, 158 Russell St, Bathurst

Bathurst Library, Keppel St, Bathurst

Submissions close 4pm, Friday 29 November 2024 after the above public meeting has been held.

Submissions can be lodged via the form below or to council@bathurst.nsw.gov.au or in writing to The General Manager, Bathurst Regional Council, PMB 17, Bathurst NSW 2795.

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    Submission on Audited Financial Statements 2022-2023

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    Submission on Audited Financial Statements 2021-2022

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    Submission on Audited Financial Statements 2020-2021

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    Submission on Audited Financial Statements 2019-2020

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    Submission on Audited Financial Statements 2018-2019

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    Submission on Audited Financial Statements 2017-2018

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    Submission on Audited Financial Statements 2016-2017

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