In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Snowy Monaro Regional Council advises that the ordinary Council meeting to be held on Thursday 12 December 2024 will include the presentation of the audited Financial Statements and the Auditor's Reports for the year ended 30 June 2024.
A summary of the Financial Statements is provided below.
| 2024 $ '000 |
2023 $ '000 |
|
| Income Statement | ||
| Total income from continuing operations | 129,485 | 140,763 |
| Total expenses from continuing operations | 99,453 | 96,611 |
| Operating result from continuing operations | 30,032 | 44,152 |
| Net operating result for the year | 23,935 | 44,152 |
| Net operating result before grants and contributions provided for capital purposes | (14,821) | (3,279) |
| Statement of Financial Position | ||
| Total current assets | 125,282 | 130,542 |
| Total current liabilities | (46,221) | (56,082) |
| Total non-current assets | 1,643,752 | 1,556,818 |
| Total non-current liabilities | (33,058) | (34,503) |
| Total equity | 1,689,755 | 1,596,775 |
| Other financial information | ||
| Unrestricted current ratio (times) | 3.11 | 2.58 |
| Operating performance ratio (%) | (8.19)% | (2.84)% |
| Debt service cover ratio (times) | 18.92 | 20.59 |
| Rates and annual charges outstanding ratio (%) | 8.29% | 5.87% |
| Infrastructure renewals ratio (%) | 147.43% | 122.58% |
| Own source operating revenue ratio (%) | 47.58% | 41.01% |
| Cash expense cover ratio (months) | 14.22% | 17.72% |
Have your say
In accordance with Section 420 of the Local Government Act 1993, any person may make a written submission regarding Council's audited Financial Statements and/or the Auditor's Reports.
Visit www.yoursaysnowymonaro.com.au/2023-24-financial-statements to have your say online. Submissions can also be made by email, post, or over-the-counter at Council offices.
The audited Financial Statements and Auditor's Reports are available to download from Council's Your Say website at the link above. Copies are also available to inspect at Council's offices in Berridale, Bombala, Cooma and Jindabyne.
Submissions will be accepted until 5pm Thursday 19 December 2024.
