Presentation of Financial Statements

In accordance with Section 418 (3) of the Local Government Act 1993 AlburyCity advises that the Ordinary Council Meeting to be held on Monday 23 October 2017 will include the presentation of the audited Financial Statements and the Auditor's Reports for the year ended 30 June 2017.

Copies of the Financial Statements and the Draft Auditor's Reports will be available for viewing from Monday 16 October at the Customer Service Centre, 553 Kiewa Street Albury, the LibraryMuseum and Lavington Library or they can be viewed online.

In accordance with Section 420 of the Local Government Act 1993, submissions regarding the Financial Statements or the Auditor's Reports must be lodged with Council by 30 October 2017, and be addressed to the Chief Financial Officer at info@alburycity.nsw.gov.au or PO Box, Albury NSW 2640.

A summary of the Financial Statements is provided below:

 2017
$'000
2016
$'000
Income Statement  
Total income from continuing operations132,186132,186
Total expenses from continuing operations101,906101,906
Operating result from continuing operations30,28030,280
Net operating result for the year30,28030,280
Net operating result before grants and contributions
provided for the capital purposes
14,84514,845
Statement of Financial Position  
Total current assets120,363120,363
Total current liabilities(24,046)(24,046)
Total non-current assets1,176,5921,176,592
Total non-current liabilities(52,746)(52,746)
Total equity1,220,1631,220,163
Other Financial Information  
Unrestricted current ratio3.33.29
Operating performance ratio16.8%13.0%
Debt service cover ratio7.16.8
Rates and annual charges outstanding ratio10.3%10.8%
Infrastructure renewal ratio63%70%