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Consultation has concluded.
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), The Hills Shire Council advises that the ordinary Council meeting to be held on 22 October 2024 will include the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2024.
A summary of the Financial Statements is provided below.
INCOME STATEMENT
2024
$'000
2023
$'000
Total income from continuing operations
383,483
394,230
Total expenses from continuing operations
220,908
167,726
Operating result from continuing operations
162,575
226,504
Net operating result for the year
162,575
226,504
Net operating result before grants and contributions provided for capital purposes
7,953
51,289
STATEMENT OF FINANCIAL POSITION
Total current assets
542,321
374,554
Total current liabilities
(160,636)
(139,590)
Total non-current assets
5,934,423
5,905,504
Total non-current liabilities
(5,697)
(4,759)
Total equity
6,310,411
6,135,709
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)
2.85
2.97
Operating performance ratio (%)
17.05%
14.08%
Debt service cover ratio (times)
141.08
134.86
Rates and annual charges outstanding ratio (%)
6.41%
5.49%
Infrastructure renewals ratio (%)
108.31%
152.59%
Own source operating revenue ratio (%)
53.36%
47.13%
Cash expense cover ratio (months)
38.33
35.29
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.
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), The Hills Shire Council advises that the ordinary Council meeting to be held on 22 October 2024 will include the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2024.
A summary of the Financial Statements is provided below.
INCOME STATEMENT
2024
$'000
2023
$'000
Total income from continuing operations
383,483
394,230
Total expenses from continuing operations
220,908
167,726
Operating result from continuing operations
162,575
226,504
Net operating result for the year
162,575
226,504
Net operating result before grants and contributions provided for capital purposes
7,953
51,289
STATEMENT OF FINANCIAL POSITION
Total current assets
542,321
374,554
Total current liabilities
(160,636)
(139,590)
Total non-current assets
5,934,423
5,905,504
Total non-current liabilities
(5,697)
(4,759)
Total equity
6,310,411
6,135,709
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)
2.85
2.97
Operating performance ratio (%)
17.05%
14.08%
Debt service cover ratio (times)
141.08
134.86
Rates and annual charges outstanding ratio (%)
6.41%
5.49%
Infrastructure renewals ratio (%)
108.31%
152.59%
Own source operating revenue ratio (%)
53.36%
47.13%
Cash expense cover ratio (months)
38.33
35.29
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.
