Public Notice - Presentation of Financial Statements

In accordance with Section 418 (3) of the Local Government Act, 1993, Moree Plains Shire Council advise that the Ordinary Council Meeting commencing at 2pm to be held on 21 March 2023 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/6/2023.

View 2022/23 Annual Financial Statement

A summary of the Financial Statements is provided below:

 2023

 2022

 Income Statement

 Total Income from Continuing Operations

 88,444

 76,048

 Total Expenses from Continuing Operations

79,839

 70,475

 Operating Result from Continuing Operations

   8,605

   5,573

 Net Operating Result for the year

 8,605

5,573

Net Operating Result before Grants and Contributions provided for Capital Purposes

947

(5,169)

Statement of Financial Position

Total Current Assets

   72,779

   58,331

Total Current Liabilities

 (45,423)

 (23,803)

Total Non-Current Assets

 505,608

 502,224

Total Non-Current Liabilities

 (32,083)

 (47,587)

Total Equity

 500,881

 489,165

Other Financial Information

Unrestricted Current Ratio (times)

 1.80

 3.26

Operating Performance Ratio (%)

 2.32%

 (6.37)%

Debt Service Cover Ratio (times)

 4.94

 3.87

Rates and Annual Charges Outstanding Ratio (%)

 9.13%

 8.00%

Infrastructure Renewals Ratio (%)

 72.78%

 73.18%

Own Source Operating Revenue Ratio (%)

 55.74%

 58.23%

Cash Expense Cover Ratio (months)

 7.61 mths

 8.19 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.

Copies of the audited Financial Statements and the Auditor's Reports may be inspected at:

Locations: Council Office: Level 2, Max Centre, Heber St, Moree. Moree Community Library, 36 Balo Street, Moree. 

Submissions close one week after the above Public Meeting has been held.