No longer on display. Expired on
01 February 2022, 04:00 PM
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Murray River Council advises that the ordinary Council meeting to be held at the Council Chambers located at 52 Perricoota Road, Moama at 2pm on 25 January 2022 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2021. The ordinary meeting of Council will also be streamed online here
In accordance with Section 420 of the Local Government Act 2093 (NSW), any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports. Public submissions can be sent in writing to PO Box 906 Moama NSW 2731 or by email admin@murrayriver.nsw.gov.au
Public submissions close one week after the above public meeting has been held.
The following is a summary of Council's financial results for the reporting period 1 July 2020 to 30 June 2021.
|
Summary of Financial Statements
|
|
Period ended 30th June 2021
|
|
Section 418 Local Government Act, 1993 amended
|
|
2021
|
2020
|
|
$'000
|
$'000
|
|
Income Statement
|
|
|
|
Total income from continuing operations
|
$66,084
|
$64,215
|
|
Total expenses from continuing operations
|
$57,936
|
$55,331
|
|
Operating result from continuing operations
|
$8,148
|
$8,884
|
|
Net operating result for the year
|
$8,148
|
$8,884
|
|
Net operating result for before grants and contributions provided for capital purposes
|
($11,133)
|
($12,072)
|
|
|
|
|
Balance Sheet
|
|
|
|
Total current assets
|
$62,134
|
$62,460
|
|
Total current liabilities
|
($15,045)
|
($14,113)
|
|
Total non-current assets
|
$836,113
|
$789,231
|
|
Total non-current liabilities
|
($7,100)
|
($4,659)
|
|
Total Equity
|
$876,304
|
$832,919
|
|
|
|
|
Other Financial Information
|
|
|
|
Operating Performance Ratio (%)
|
(11.51%)
|
(14.23%)
|
|
Unrestricted current Ratio (times)
|
3.53x
|
3.46x
|
|
Debt Service Cover Ratio (times)
|
16.39x
|
13.90x
|
|
Rates and annual charges Outstanding Ratio (%)
|
10.19%
|
11.54%
|
|
Infrastructure Renewals Ratio (%)
|
70.16%
|
136.06%
|
|
Own source operating revenue ratio (%)
|
43.70%
|
40.53%
|
|
Cash expense cover ratio (months)
|
16.27
|
15.99
|
Copies of Council's audited financial statements, together with the auditor's reports are available for inspection by members of the public online here and at the following Council customer service centres:
15 Murray Street Barham
52 Perricoota Road Moama
Mathoura Visitor and Business Centre Cobb Highway Mathoura
Moulamein Business Centre Morago Street Moulamein