Public notice: Financial reports

Consultation has concluded

Financial reports for period ending 30 June, 2024

In accordance with Section 418 of the Local Government Act, Council’s audited financial reports will be presented at its Ordinary Meeting to be held Monday 28 October, 2024.

In accordance with Section 420 of the Local Government Act 1993, written submissions regarding any aspect of the Statements or Auditor’s Report must be lodged with Council within 7 days of this meeting on close of business 4 November 2024.

Any written submissions should be to the attention of the Director of Finance, Procurement & Projects by email to info@huntershill.nsw.gov.au.

For further information, please contact Council on 9879 9400.

View the Financial Statements here

Summary of the Financial Reports for the Year Ended 30th June, 2024

	2024	2023
	$’000	$’000
Income Statement
Total Income from continuing operations	28,326	22.069
Total Expenses from continuing operations	21,891	20,700
Operating result from continuing operations	6,435	1,369
Net operating result for the year
Net operating result before grants and contributions provided for capital purposes	(1,443)	(1,097)
Balance Sheet
Total Current Assets	20,315	28,928
Total Current Liabilities	7,948	13,544
Total Non Current Assets	303,961	258,986
Total Non Current Liabilities	14	14
Total Equity	316,314	274,356
Other Financial Information
Operating Performance Ratio (%)	(5.34%)	(4.81%)
Own Source Operating Revenue Ratio (%)	67.01%	83.58%
Unrestricted Current Ratio	4.51x	2.30x
Debt Service Cover Ratio	NA	NA
Rates & Annual Charges Outstanding Ratio (%)	6.21%	4.79%
Cash Expense Cover Ratio (time)	11.24mths	19.10mths