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:
|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|
|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: https://begavalley.nsw.gov.au/council/financial-statements