Federation Council General Purpose Financial Statements for the year ended 30 June 2021
Public Notice – Presentation of Financial Statements §Note/Subtotal§ §TocItem§ §TocItem§ §Subnote§
Public Notice – Presentation of Financial Statements as per Section 418 (3) of the Local Government Act. In accordance with Section 418(3) of the Local Government Act 1993 (NSW), Federation Council advises that the Ordinary Council meeting to be held on Tuesday 16 November 2021 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.
2021 $ '000
2020 $ '000
47,974 51,488
49,214 50,142
Operating result from continuing operations
(3,514)
(928)
Net operating result for the year
(3,514)
(928)
Net operating result before grants and contributions provided for capital purposes
(10,611)
(9,681)
Statement of Financial Position Total current assets Total current liabilities Total non-current assets Total non-current liabilities
37,911 (16,290) 602,391 (11,679)
41,676 (8,974) 589,656 (7,232)
Total equity
612,333
615,126
2.80 (6.35)% 13.86 5.98%
2.35 (10.35)% 18.87 6.27%
128.28%
88.43%
51.18% 14.60
48.95% 10.55
Income Statement Total income from continuing operations Total expenses from continuing operations
Other financial information Unrestricted current ratio (times) Operating performance ratio (%) Debt service cover ratio (times) Rates and annual charges outstanding ratio (%) Infrastructure renewals ratio (%) Own source operating revenue ratio (%) Cash expense cover ratio (months)
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. Submissions on the financial statements will be received in writing until 5pm Tuesday 23 November 2021. The Audited Financial Statements and the Auditor’s Reports may be inspected on the Council's website www.federationcouncil.nsw.gov.au or copies may be viewed in person at the following Council offices up till 5pm Wednesday 17 November 2021: 100 Edward Street, Corowa 30 William Street, Urana 59 Hawkins Street, Howlong 17 Melbourne Street, Mulwala
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