Moree Plains Shire Council General Purpose Financial Statements for the year ended 30 June 2021
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Public notice – Presentation of Financial Statements as per Section 418 (3) of the Local Government Act.
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Moree Plains Shire Council advises that the Ordinary Council meeting to be held on 17 February at 4 pm will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2021.
A summary of the Financial Statements is provided below. 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 the Council’s Audited Financial Statements or the Auditor’s Reports.
2021
$ '000
2020
$ '000
Income Statement
Total income from continuing operations
67,420
77,102
Total expenses from continuing operations
60,606
60,090
Operating result from continuing operations
6,814
17,012
Net operating result for the year
6,814
17,012
Net operating result before grants and contributions provided for capital purposes
(3,649)
(944)
Statement of Financial Position
Total current assets
60,021
53,582
Total current liabilities
(21,698)
(27,457)
Total non-current assets
455,908
463,787
Total non-current liabilities
(48,465)
(35,123)
Total equity
445,766
454,789
Other financial information
Unrestricted current ratio (times)
3.71
1.75
Operating performance ratio (%)
(4.68)%
0.05%
Debt service cover ratio (times)
3.40
2.39
Rates and annual charges outstanding ratio (%)
7.44%
7.69%
Infrastructure renewals ratio (%)
88.03%
132.62%
Own source operating revenue ratio (%)
66.32%
61.91%
Cash expense cover ratio (months)
10.15
8.61
Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected HERE or at:
Locations: Main Office - Level 2, Max Centre, 30 Heber Street, Moree Moree Branch Library - Balo Street, Moree
Submissions close one week after the above public meeting has been held.