Presentation of Financial Statements 2024
Council's audited financial statements for the 2023-24 Financial Year are available for public review and will be presented to Councillors for noting at the 27 November 2024 Council meeting.
In accordance with section 418 (3) of the Local Government Act 1993 (NSW), Bega Valley Shire Council advises that the ordinary Council meeting to be held on 27 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 | 167,852 | 169,540 |
| Total expenses from continuing operations | 134,916 | 122,395 |
| Operating result from continuing operations | 32,936 | 47,145 |
| Net operating result for the year | 32,936 | 47,145 |
| Net operating result before grants and contributions provided for capital purposes | 2,138 | 8,019 |
| Statement of Financial Position | ||
| Total current assets | 114,923 | 125,584 |
| Total current liabilities | -45,724 | -50,832 |
| Total non-current assets | 1,852,293 | 1,535,141 |
| Total non-current liabilities | -26,790 | -29.807 |
| Total equity | 1,894,702 | 1,580,086 |
| Other financial information | ||
| Unrestricted current ratio (times) | 3.76 | 2.81 |
| Operating performance ratio (%) | 6.88% | 6.3% |
| Debt service cover ratio (times) | 7.55 | 6.52 |
| Rates and annual charges outstanding ratio (%) | 4.64% | 4.64% |
| Infrastructure renewals ratio (%) | 103.33% | 107.34% |
| Own source operating revenue ratio (%) | 58.35% | 49.93% |
| Cash expense cover ratio (months) | 4.74 | 11.94 |
Notes
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 Council’s Audited Financial Statements or the Auditor’s Reports.
Copies of the Audited Financial Statements including the Auditor’s reports may be inspected at: https://begavalley.nsw.gov.au/council/financial-statements
Locations
- Council Offices, Zingel Place, Bega
- Bega Valley Shire Library, Zingel Place, Bega
- Bermagui Library, Bermagui Community Centre, Bunga St, Bermagui
- Eden Library, Corner Mitchell and Imlay Streets, Eden
- Tura Marrang Library and Community Centre, Tura Beach Drive, Tura Beach
© Bega Valley Shire Council 2024
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Contact Us
- 02 6499 2222
- council@begavalley.nsw.gov.au
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Zingel Place
PO Box 492
Bega NSW 2550 -
Monday to Friday 9.00AM to 4.30PM
Administration building Zingel Place Bega
Australia -
ABN: 26 987 935 332