No longer on display. Expired on
02 December 2021, 05:00 PM
Coffs Harbour City Council will present the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2021 at the ordinary Council meeting to be held on 25 November 2021 in accordance with Section 418 (3) of the Local Government Act 1993 (NSW). A summary of the Financial Statements is provided below.
Summary of Financial Statements year ending 30 June 2021
| |
2021
$ '000 |
2020
$ '000 |
Income Statement
|
|
|
| Total income from continuing operations |
215,585 |
209,763 |
| Total expenses from continuing operations |
178,546 |
188,125 |
| Operating result from continuing operations |
37,039 |
21,638 |
| Net operating result for the year |
34,203 |
22,644 |
| Net operating result before grants and contributions provided for capital purposes |
529 |
(15,217) |
Statement of Financial Position
|
|
|
| Total current assets |
194,644 |
127,596 |
| Total current liabilities |
(63,326) |
(46,539) |
| Total non-current assets |
2,530,949 |
2,546,497 |
| Total non-current liabilities |
(102,574) |
(118,202) |
| Total equity |
2,559,693 |
2,509,352 |
Other financial information
|
|
|
| Unrestricted current ratio (times) |
6.49 |
8.77 |
| Operating performance ratio (%) |
4.76% |
(0.87)% |
| Debt service cover ratio (times) |
2.45 |
2.24 |
| Rates and annual charges outstanding ratio (%) |
6.31% |
6.64% |
| Infrastructure renewals ratio (%) |
13.49% |
32.11% |
| Own source operating revenue ratio (%) |
76.00% |
74.66% |
| Cash expense cover ratio (months) |
9.53 |
8.70 |
Inspect the Financial Statements and Reports
You can inspect copies of the Audited Financial Statements and the Auditor’s Reports at:
Online: Audited Financial Statements and the Auditor’s Reports(PDF, 4MB)
In-person:
- Customer Service Centre, Cnr Coff and Castle Streets Coffs Harbour NSW 2450
- Coffs Harbour Library, 27 Duke Street Coffs Harbour NSW 2450
- Toormina Library, Minorie Drive Toormina NSW 2452
- Woolgoolga Library, Ganderton Street Woolgoolga NSW 2456
Make a submission
Any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports in accordance with Section 420 of the Local Government Act 1993 (NSW).
See Council's - Make a submission webpage
Submissions close one week after the public meeting has been held, scheduled for 25 November 2021.