No longer on display. Expired on
17 November 2023, 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 Moulamein Bowling Club at 1pm on 28 November 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023. The ordinary meeting of Council will also be streamed online on Council’s website at www.murrayriver.nsw.gov.au
In accordance with Section 420 of the Local Government Act 1993 (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 17 November 2023.
The following is a summary of Council's financial results for the reporting period 1 July 2022 to 30 June 2023.
|
MURRAY RIVER COUNCIL
|
|
Summary of Financial Statements
|
|
Period ended 30th June 2023
|
|
Section 418 Local Government Act, 1993 amended
|
|
|
2023
|
2022
|
|
|
$'000
|
$'000
|
|
Income Statement
|
|
|
|
Total income from continuing operations
|
$86,614
|
$64,910
|
|
Total expenses from continuing operations
|
$71,593
|
$67,126
|
|
Operating result from continuing operations
|
$15,021
|
($2,216)
|
|
Net operating result for the year
|
$15,021
|
($2,216)
|
|
Net operating result for before grants and contributions provided for capital purposes
|
($18,677)
|
($20,656)
|
|
|
|
|
|
Statement of Financial Position
|
|
|
|
Total current assets
|
$70,533
|
$63,565
|
|
Total current liabilities
|
($16,857)
|
($16,651)
|
|
Total non-current assets
|
$992,067
|
$942,053
|
|
Total non-current liabilities
|
($9,651)
|
($9,848)
|
|
Total Equity
|
$1,036,092
|
$979,119
|
|
|
|
|
|
Other Financial Information
|
|
|
|
Operating Performance Ratio (%)
|
(25.90%)
|
(31.18%)
|
|
Unrestricted current Ratio (times)
|
3.09x
|
3.71x
|
|
Debt Service Cover Ratio (times)
|
8.11x
|
8.58x
|
|
Rates and annual charges Outstanding Ratio (%)
|
11.57%
|
11.72%
|
|
Infrastructure Renewals Ratio (%)
|
68.89%
|
42.46%
|
|
Own source operating revenue ratio (%)
|
36.54%
|
42.90%
|
|
Cash expense cover ratio (months)
|
14.67
|
13.44
|
Copies of Council's audited financial statements, together with the auditor's reports are available for inspection via the link below and at our Customer Service Centres
2022-2023-Murray-River-Council-Annual-Financial-Statements.pdf(PDF, 5MB)