City of Canada Bay - 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, City of Canada Bay advises that the Ordinary Council Meeting to be held on Tuesday, 14 November 2017 will include the presentation of the audited Financial Statements and the Auditors Reports for the financial year ending 30/6/2017. A summary of Council’s Financial Statements in the approved form appears below.

  

 

CITY OF CANADA BAY COUNCIL

2017

2016

$’000

$’000

 

 

 

Income Statement

 

 

Total Income from Continuing Operations

109,622

98,569

Total Expenses from Continuing Operations

80,499

76,667

Operating Result from Continuing Operations

29,123

 

21,902

 

Net Operating Result for Year

29,123

 

21,902

 

Operating Result before Grants and contributions provided for Capital Purposes

16,626

7,682

Balance Sheet

 

 

Total Current Assets

95,151

90,182

Total Current Liabilities

(26,883)

(26,103)

Total Non-Current Assets

1,533,391

1,201,456

Total Non-Current Liabilities

(3,923)

(4,020)

Total Equity

1,597,736

1,261,515

 

 

 

OTHER FINANCIAL INFORMATION

 

 

Unrestricted Current Ratio (times)

4.16x

3.50x

Operating Performance Ratio (%)

6.99%

6.04%

Infrastructure renewals Ratio (%)

119.5%

115.8%

Debt Service Cover Ratio (times)

28.64x

24.82x

 

 

 

Rates & Annual Charges Outstanding Ratio (%)

1.28%

1.31%

 

 

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.

Copies of the audited Financial Statements and the Auditor's Reports may be inspected at: Customer Services, Civic Centre Drummoyne, Concord Library and Five Dock Library and on Council's website.

Submissions close one week after the above Public Meeting has been held. To view the full set of Council's Financial Statements, please click here: Financial Statements 2016/17.

Page last updated on: 31/10/17
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