No longer on display. Expired on
26 November 2024, 04:00 PM
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Kempsey Shire Council advises that the Ordinary Council meeting to be held on 26 November 2024 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2024.
Summary
A summary of the Financial Statements is provided below.
| |
2024
Actual
$ '000 |
2023
Actual
$ '000 |
| Income Statement |
|
|
| Total income from continuing operations |
134,362 |
130,554 |
| Total expenses from continuing operations |
100,309 |
92,801 |
| Operating result from continuing operations |
34,053 |
37,753 |
|
|
|
| Net operating result for the year |
34,053 |
37,753 |
|
|
|
| Net operating result before grants and contributions provided for capital purposes |
(4,405) |
1,836 |
|
|
|
| Statement of Financial Position |
|
|
| Total current assets |
142,383 |
145,566 |
| Total current liabilities |
(52,442) |
(61,404) |
| Total non-current assets |
1,483,649 |
1,359,084 |
| Total non-current liabilities |
(60,730) |
(55,266) |
| Total equity |
1,512,860 |
1,387,980 |
|
|
|
| Other financial information |
|
|
| Unrestricted current ratio (times) |
2.19 |
1.52 |
| Operating performance ratio (%) |
2.37% |
7.74% |
| Debt service cover ratio (times) |
4.40 |
4.54 |
| Rates and annual charges outstanding ratio (%) |
7.49% |
8.28% |
|
|
|
| Infrastructure renewals ratio (%) |
62.35% |
40.56% |
Submissions
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.
Submissions in writing must be lodged with Kempsey Shire Council by close of business Tuesday 3 December 2024.
General Manager
Kempsey Shire Council
PO Box 3078
West Kempsey NSW 2440
Copies of the reports
Online
Download reports:
Annual Financial Statements 2024(PDF, 4MB)
Presentation of Financial Statements(PDF, 142KB)
In Person
Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected at:
Kempsey Shire Council
22 Tozer Street
West Kempsey NSW 2440