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 firstname.lastname@example.org or PO Box, Albury NSW 2640.
A summary of the Financial Statements is provided below:
|Total income from continuing operations||132,186||132,186|
|Total expenses from continuing operations||101,906||101,906|
|Operating result from continuing operations||30,280||30,280|
|Net operating result for the year||30,280||30,280|
|Net operating result before grants and contributions|
provided for the capital purposes
|Statement of Financial Position|
|Total current assets||120,363||120,363|
|Total current liabilities||(24,046)||(24,046)|
|Total non-current assets||1,176,592||1,176,592|
|Total non-current liabilities||(52,746)||(52,746)|
|Other Financial Information|
|Unrestricted current ratio||3.3||3.29|
|Operating performance ratio||16.8%||13.0%|
|Debt service cover ratio||7.1||6.8|
|Rates and annual charges outstanding ratio||10.3%||10.8%|
|Infrastructure renewal ratio||63%||70%|