PUBLIC NOTICE – Presentation of financial statements
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Snowy Monaro Regional Council General Purpose Financial Statements for the year ended 30 June 2019
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 21 November 2019 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2019.
Copies of the audited Financial Statements are available on Council's website and hard copies are available to be viewed at Council's offices.
A summary of the Financial Statements is provided below. ($ '000) 2019 2018 $ '000 $ '000 INCOME STATEMENT Total income from continuing operations 81,390 74,019 Total expenses from continuing operations 79,144 72,520 Operating result from continuing operations 2,246 1,499 Net operating result for the year 2,246 1,499
Net operating result before grants and contributions provided for capital purposes (4,690) (2,479)
STATEMENT OF FINANCIAL POSITION Total current assets 45,807 70,090 Total current liabilities (17,432) (17,795) Total non-current assets 1,192,787 1,169,450 Total non-current liabilities (5,927) (7,761) Total equity 1,215,235 1,213,984
OTHER FINANCIAL INFORMATION Unrestricted current ratio (times) 4.054.12 Operating performance ratio (%) (6.50)% (3.67)% Debt service cover ratio (times) 7.46 14.76 Rates and annual charges outstanding ratio (%) 9.77% 10.64% Infrastructure renewals ratio (%) 78.93% 44.74% Own source operating revenue ratio (%) 61.21% 66.36% Cash expense cover ratio (months) 16.14 19.72