Public Notice - Presentation of Financial Statements
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In accordance with Section 418 (3) of the Local Government Act, 1993, Moree Plains Shire Council advise that the Ordinary Council Meeting commencing at 4pm to be held on 22/11/18 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/6/2018.
View Moree Plains Shire Council Financial Statements for the year ended 30 June 2018
A summary of the Financial Statements is provided below
2018 2017 Income Statement Total Income from Continuing Operations 68,900 67,264 Total Expenses from Continuing Operations 54,125 56,574 Operating Result from Continuing Operations 14,775 10,690 Net Operating Result for the year 14,775 10,690 Net Operating Result before Grants and Contributions provided for Capital Purposes 2,283 3,806 Statement of Financial Position Total Current Assets 50,359 46,073 Total Current Liabilities (25,111) (13,842) Total Non-Current Assets 514,323 525,448 Total Non-Current Liabilities (35,533) (49,962) Total Equity 504,038 507,717 Other Financial Information Unrestricted Current Ratio (times) 1.13x 2.38x Operating Performance Ratio (%) 6.8% 13.5% Debt Service Cover Ratio (times) 4.45x 5.42x Rates and Annual Charges Outstanding Ratio (%) 5.1% 6.35% Infrastructure Renewals Ratio (%) 115.7% 114.86% Own Source Operating Revenue Ratio (%) 66.2% 68.11% Cash Expense Cover Ratio (months) 8.65 mths 8.3 mthsIn accordance with Section 420 of the Local Government Act, 1993, any person may make a submission in writing to Council with respect to the Council's Audited Financial Statements or the Auditor's Reports.
Copies of the audited Financial Statements and the Auditor's Reports may be inspected at:
Locations: Council Office: Level 2, Max Centre, Heber St, Moree Moree Branch Library: Balo St Moree Northern Area Office: TAFE Campus South St Boggabilla Mungindi Office: 153 St George St Mungindi
Submissions close one week after the above Public Meeting has been held.