Presentation of Financial Statements 2023

Council's audited financial statements for the 2022-23 Financial Year are available for public review and will be presented to Councillors for noting at the 13 December 2023 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 13 December 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.

A summary of the Financial Statements is provided below:

Income Statement    
Total income from continuing operations $169,540 169,518
Total expenses from continuing operations 122,395 111,581
Operating result from continuing operations 47,145 57,937
Net operating result for the year 47,145 57,937
Net operating result before grants and contributions provided for capital purposes 8,019 14,898
Statement of Financial Position    
Total current assets 125,584 100,943
Total current liabilities -50,832 -44,627
Total non-current assets 1,535,141 1,378,672
Total non-current liabilities -29.807 -33,368
Total equity 1,580,086 1,401,620
Other financial information    
Unrestricted current ratio (times) 2.81 2.13
Operating performance ratio (%) 6.3% 11.77%
Debt service cover ratio (times) 6.52 9.01
Rates and annual charges outstanding ratio (%) 4.64% 5.31%
Infrastructure renewals ratio (%) 107.34% 143.79%
Own source operating revenue ratio (%) 49.93% 49.62%
Cash expense cover ratio (months) 11.94 12.26



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:


  • 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

View the Financial Statement


Submissions close COB 20 December 2023 (one week after the 13 December 2023 Council meeting has been held). Submissions can be emailed to


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