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Media Releases

Posted on: 28 November, 2017

Public Notice - Presentation of Financial Statements

Council's Financial Statements are now available on Council's website and at all office locations. Submissions close one week after the above public meeting has been held, Wednesday 6 December 2017.

as per Section 418 (3) of the Local Government Act.

In accordance with Section 418 (3) of the Local Government Act, 1993, Snowy Monaro Regional Council advises that the ordinary Council meeting to be held on 14/12/17 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the period 13 May 2016 to 30 June 2017.

A summary of the Financial Statements is provided below: 2017 ($’000)
Income Statement
Total income from continuing operations = 99,921
Total expenses from continuing operations = 84,451
Operating result from continuing operations = 15,470

Net operating result for the period = 15,470
Net result for the period (after net assets transferred from former councils) = 1,185,551

Net operating result before grants and contributions provided for capital purposes (2,394)

Statement of Financial Position
Total current assets = 67,700
Total current liabilities = (14,884)
Total non-current assets = 1,154,216
Total non-current liabilities = (,776)
Total equity = 1,200,256

Other financial information
Unrestricted current ratio (times) = 3.66
Operating performance ratio (%) = 1.5%
Debt service cover ratio (times) = 14.18x
Rates and annual charges outstanding ratio (%) = 14.3%

Infrastructure renewals ratio (%) = 55.1%

Own source operating revenue ratio (%) = 49.8%
Cash expense cover ratio (months) = 15.32 mths

In accordance with Section 420 of the Local Government Act, 1993 , 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 at:

Internet: link below
Office Locations:
81 Commissioner Street Cooma NSW 2630
2 Myack Street Berridale NSW 2628
71 Caveat Street Bombala NSW 2632
2/1 Gippsland Street Jindabyne NSW 2627

Submissions close one week after the above public meeting has been held, Wednesday 6 December 2017.

Link to view Financial Statements
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