Public Notice - Presentation of Financial Statements

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 15 December 2022 at 12pm will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2022.

View Moree Plains Shire Council Financial Statements for the year ended 30 June 2022.

A summary of the Financial Statements is provided below

 2022

 2021

 Income Statement

 Total Income from Continuing Operations

 76,048

 67,420

 Total Expenses from Continuing Operations

 70,475

 60,606

 Operating Result from Continuing Operations

 5,573

 6,814

 Net Operating Result for the year

 5,573

 6,814

Net Operating Result before Grants and Contributions provided for Capital Purposes

(5,169)

(3,649)

Statement of Financial Position

Total Current Assets

 58,331

 54,121

Total Current Liabilities

 (23,803)

 (21,698)

Total Non-Current Assets

 511,489

 461,808

Total Non-Current Liabilities

 (47,587)

 (48,465)

Total Equity

 498,430

 445,766

Other Financial Information

Unrestricted Current Ratio (times)

 3.26

 3.10

Operating Performance Ratio (%)

(6.37)%

 (4.69)%

Debt Service Cover Ratio (times)

 3.87

 3.40

Rates and Annual Charges Outstanding Ratio (%)

 8.00%

 7.44%

Infrastructure Renewals Ratio (%)

 102.40%

 88.03%

Own Source Operating Revenue Ratio (%)

 58.23%

 66.32%

Cash Expense Cover Ratio (months)

 8.19

 10.15

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.

Copies of the audited Financial Statements and the Auditor's Reports may be inspected at:

Locations: Moree Plains Shire Council, Level 2, Max Centre, 30 Heber Street, Moree

                   Moree Community Library, 36 Balo Street, Moree

                   Moree Library/Customer Service Van

Submissions close one week after the above Public Meeting has been held.

Related article >> Annual Report and Financial Statement