Financial Year 2023/ 2024
In accordance with Section 418 (3) of the Local Government Act 1993, Bellingen Shire Council advises that the Ordinary Council meeting to be held on 27/11/2024 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the financial year ending 30/6/2024.
Summary of Financial Statements
For the period ended 30 June 2024
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2024
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2023
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$'000
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$'000
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Income Statement
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Total Income from continuing operations
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59,737
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71,005
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Total Expenses from continuing operations
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42,214
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44,007
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Operating result from continuing operations
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17,523
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26,998
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Net operating result for year
Net operating result for the year before grants and contributions provided for capital purposes
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17,523
1,516
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26,998
1,091
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Statement of Financial Position
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Total Current Assets
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69,417
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60,385
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Total Current Liabilities
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(21,528)
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(18,472)
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Total Non-Current Assets
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619,733
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576,193
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Total Non-Current Liabilities
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(20,875)
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(14,986)
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Total Equity
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646,747
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603,120
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Other Financial Information
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Unrestricted Current ratio (times)
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2.92x
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2.77x
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Operating Performance ratio (%)
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5.61%
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10.70%
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Debt Service Cover ratio (times)
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4.33x
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5.39x
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Rates and Annual Charges Outstanding ratio (%)
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3.46%
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3.85%
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Infrastructure Renewals ratio (%)
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206.61%
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239.31%
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Own Source Operating Revenue (%)
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56.15%
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47.74%
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Cash Expense Cover ratio (months)
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19.43
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17.82
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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.
Copies of the audited Financial Statements and the Auditor’s Reports may be inspected HERE(PDF, 3MB) or at the Customer Service Centre, 33 Hyde Street, Bellingen.
Submissions should be addressed to:
The General Manager
Bellingen Shire Council
PO Box 117
BELLINGEN NSW 2454
Submissions close one week after the above public meeting has been held - 04/12/24 5:00 pm
Copies of the reports
Online
Download a copy of the Annual Financial Statements 2024(PDF, 3MB)
In Person
Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected at:
33 Hyde Street Bellingen NSW 2454