Annual Financial Statements & Auditor's Report

Submissions close one week after the 23/11/17 ordinary Council meeting has been held

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In accordance with Section 418 (3) of the Local Government Act, 1993, Snowy Valleys Council advises that the ordinary Council meeting to be held on 23/11/17 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the period 13 May 2016 to 30 June 2017.

Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected via:

  • Electronic download from this web page
  • Hard copy at Council offices:
  • 76 Capper St, Tumut
  • Winton St, Tumbarumba

A summary of the Financial Statements is provided below:

Income Statement  
Total income from continuing operations 71,571
Total expenses from continuing operations 62,520
 Operating result from continuing operations 9,051
   
 Net operating results for the period 9,051
 Net result for the period (after net assets transferred from former councils) 603,949
   
 Net operating result before grants and contributions provided for capital purposes (3,047)
   
 Statement of Financial Position
Total current assets 56,731
 Total current liabilities (9,088)
 Total non-current assets 568,800
 Total non- current liabilities (10,737)
 Total equity 605,706
   
 Other Financial Information  
Unrestricted current ration (times) 5.95x
 Operating performance ration (%) 3.4%
Debt service cover ratio (times) 7.37x
Rates and annual charges outstanding ratio (%) 4.2%
   
 Infrastructure renewals ratio (%) 82.7%
   
 Own source operating revenue ratio (%) 56.4%
Cash expense cover ratio (months) 11.97 mths

 

In 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.  Submissions close one week after the above public meeting has been held.

Submissions or comments may be made in writing to the Acting General Manager, Snowy Valleys Council, 76 Capper Street, Tumut, via email tumutadmin@snowyvalleys.nsw.gov.au or by using the on-line feedback form below.

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