Notice is hereby given in accordance with Section 418 (3) of the Local Government Act 1993 that a meeting of the Council will be held on Tuesday 15 November 2011, in the Council Chambers, Cnr Walker Street & Graham Place, Casino. The business of the meeting will include the presentation of the Audited Financial Statements and Auditor’s report for the financial year ended 30 June 2011.
Summary Financial Statements
|
Section 418 (3) (b)
Summary of Council’s Financial Statements
|
Current Year
2011
$’000
|
Previous Year
2010
$’000
|
|
Income Statement
|
|
|
|
Total income from continuing operations
Total expenses from continuing operations
Operating result from Continuing Operations
Net operating result from Discontinued Operations
Net Operating Result for the year
Net operating result before grants and contributions provided for capital purposes
|
46,173
48,991
(2,818)
(12,733)
(15,551)
(22,234)
|
53,211
41,610
11,601
565
12,166
(2,996)
|
|
|
|
|
|
Balance Sheet
|
|
|
Total Current Assets
Total Current Liabilities
Total Non Current Assets
Total Non Current Liabilities
Total Equity |
37,807
11,861
516,884
18,646
524,184
|
35,052
13,910
496,004
13,804
503,343
|
|
|
|
|
|
Other Financial Information
|
|
|
Unrestricted Current Ratio
Debt Service Ratio (%)
Rate Coverage Ratio (%)
Rates and Annual Charges Outstanding Percentage (%)
Buildings and Infrastructure Renewals Ratio (%) |
1.73
5.18%
35.62%
5.30%
36.61%
|
1.45
20.96%
29.56%
5.33%
41.08%
|
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 Audited Financial Statements or the Auditor’s reports.
Copies of the Audited Financial Statements are available for inspection at Council’s offices Cnr Walker Street & Graham Place Casino, Woodburn Street Evans Head, or on Council’s website.
Submissions Close: Tuesday 22 November 2011.
