Presentation of Financial Statements

Images

  • Public Notice
Tuesday, 20 April 2021

Comments

Add new comment

In accordance with s. 418 of the Local Government Act 1993, Central Coast Council will be presenting the audited financial statements and the Auditor’s reports for the period from 1 July 2019 to 30 June 2020 at the Ordinary Council meeting of 27 April 2021, commencing at 6.30pm at 2 Hely Street, Wyong.  

The audited Financial Statements will be available for inspection at Council’s Administration Buildings at 2 Hely Street Wyong and 49 Mann Street, Gosford, and on this page at centralcoast.nsw.gov.au/publicnotices following the 27 April 2021 Council Meeting.

In accordance with s. 420 of the Local Government Act 1993, any person may make written submissions to Council with respect to the 2019-20 audited Financial Statements and/or Audit Reports.

Submissions should be addressed to Director Corporate Affairs and Chief Financial Officer, Mrs Natalia Cowley and will be accepted until 6.30pm Tuesday 4 May 2021 by:

Enquiries should be addressed to Director Corporate Affairs and Chief Financial Officer, Natalia Cowley via:

Your attention is drawn to the provisions of the Government Information (Public Access) Act 2009 which allows for possible access to certain public and personal documentation. 

 

2019-20
$’000

2018-19
$’000

Income Statement

Total income from continuing operations

592,507

637,251

Total expenses from continuing operations

614,344

574,854

Operating result from continuing operations

(21,837)

62,397

Net operating result for the year

(21,837)

62,397

Net operating result before grants and contributions provided for capital purposes

(88,738)

(5,126)

Statement of Financial Position

Total current assets

347,765

460,477

Total current liabilities

217,439

207,221

Total non-current assets

7,357,199

7,186,293

Total non-current liabilities

282,679

258,621

Total equity

7,204,846

7,180,928

Other Financial Information

Unrestricted current ratio

(0.32)x

2.10x

Operating performance ratio

(16.49)%

(0.37)%

Buildings and Infrastructure renewal ratio

156.69%

132.56%

Debt service cover ratio

1.38x

3.21x

Rates, annual charges and interest outstanding percentage

9.01%

6.53%

David Farmer
Chief Executive Officer

No votes yet

Comments

Add new comment

Last updated : Fri 14 May 2021