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Public Notice - Presentation of Financial Statements

as per Section 418 (3) of the Local Government Act.

In accordance with Section 418 (3) of the Local Government Act, 1993, Moree Plains Shire Council
advise that the Ordinary Council Meeting commencing at 4pm to be held on 22/11/18 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/6/2018.

View Moree Plains Shire Council Financial Statements for the year ended 30 June 2018

A summary of the Financial Statements is provided below

   2018  2017
 Income Statement    
 Total Income from Continuing Operations  68,900  67,264
 Total Expenses from Continuing Operations  54,125  56,574
 Operating Result from Continuing Operations  14,775  10,690
     
 Net Operating Result for the year  14,775 10,690
     
Net Operating Result before Grants and Contributions provided for Capital Purposes 2,283 3,806
     
Statement of Financial Position    
Total Current Assets  50,359  46,073
Total Current Liabilities  (25,111)  (13,842)
Total Non-Current Assets  514,323  525,448
Total Non-Current Liabilities  (35,533)  (49,962)
Total Equity  504,038  507,717
     
Other Financial Information    
Unrestricted Current Ratio (times)  1.13x  2.38x
Operating Performance Ratio (%)  6.8%  13.5%
Debt Service Cover Ratio (times)  4.45x  5.42x
Rates and Annual Charges Outstanding Ratio (%)  5.1%  6.35%
     
Infrastructure Renewals Ratio (%)  115.7%  114.86%
     
Own Source Operating Revenue Ratio (%)  66.2%  68.11%
Cash Expense Cover Ratio (months)  8.65 mths  8.3 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 Branch Library: Balo St Moree
Northern Area Office: TAFE Campus South St Boggabilla
Mungindi Office: 153 St George St Mungindi

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

 

 

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