General Purpose Financial Statements 2020/2021

General Purpose Financial Statements for the year ended 30 June 2021 

Pursuant to section 418(3) of the Local Government Act 1993 (NSW), Warrumbungle Shire Council advises that the ordinary Council meeting to be held on 17 February 2022 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2021. 

A summary of the Financial Statements is provided below.

 

2020/21

$ ’000

2019/20

$ ’000

 

 

 

Income Statement

 

 

Total income from continuing operations

49,586

43,046

Total expenses from continuing operations

39,781

40,786

Net operating result for the year

9,805

2,260

 

 

 

Net operating result before grants and contributions provided for capital purposes (deficit)

456

(1,515)

 

 

 

Statement of Financial Position

 

 

Total current assets

29,204

24,690

Total current liabilities

(10,590)

(8,948)

Total non-current assets

560,961

551,335

Total non-current liabilities

(4,776)

(6,256)

Total equity

574,799

560,821

 

 

 

Other financial information

 

 

Unrestricted current ratio (times)

4.30

2.95

Operating performance ratio (%)

0.43%

(5.59)%

Debt service cover ratio (times)

10.42

10.47

Rates and annual charges outstanding ratio (%)

14.86%

10.93%

 

 

 

Buildings and Infrastructure renewals ratio (%)

157.72%

48.80%

 

 

 

Own source operating revenue ratio (%)

43.46%

53.08%

Cash expense cover ratio (months)

9.71

7.74

Pursuant to 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. Submissions may be made to PO Box 191, Coonabarabran, NSW, 2357, by email to info@warrumbungle.nsw.gov.au, or via the online form under the Have Your Say tab on Council’s website. 

A copy of the Council's Audited Financial Reports, together with the Auditor's Reports, is available at the Coonabarabran and Coolah Council offices for inspection by members of the public until 4.30pm Friday 25 February 2022. Additionally, a copy of the 2020/21 Annual Report and audited Financial Statements is available here.

Written submissions may be made to PO Box 191, Coonabarabran, NSW, 2357, by email to info@warrumbungle.nsw.gov.au , via the online form at ‘Have Your Say’ on Council’s website or delivered to Council’s Offices at either 59 Binnia Street, Coolah or 14-22 John Street, Coonabarabran.

Submissions will be received until 4:30 pm Friday 25 February 2022.

 

Click here to download the full notice.


Last Updated: 11 Feb 2022