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), Fairfield City Council advises that the Ordinary Council meeting to be held on 26/11/2024 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/6/2024.
| |
2024 |
2023 |
| Income Statement |
$'000$ |
$'000 |
| Total income from continuing operations |
245,816 |
230,590 |
| Total expenses from continuing operations |
197,860 |
189,777 |
| Operating result from continuing operations |
47,956 |
40,813 |
| |
|
|
| Net operating result for the year |
47,956 |
40,813 |
| Net operating result before grants and contributions provided for capital purposes |
10,605 |
15,126 |
| |
|
|
| Statement of Financial Position |
|
|
| Total current assets |
130,983 |
136,846 |
| Total current liabilities |
(54,595) |
(54,732) |
| Total non-current assets |
2,831,038 |
2,603,786 |
| Total non-current liabilities |
(9,371) |
(10,642) |
| |
|
|
| Total equity |
2,898,055 |
2,675,258 |
| |
|
|
| Other financial information |
|
|
| Unrestricted current ratio (times) |
2.07x |
2.30x |
| Operating performance ratio (%) |
3.31% |
5.32% |
| Debt service cover ratio (times) |
29.52x |
27.45x |
| Rates and annual charges outstanding ratio (%) |
4.11% |
4.21% |
| Buildings and Infrastructure renewals ratio (%) |
137.43% |
102.54% |
| Own source operating revenue ratio (%) |
73.67% |
77.13% |
| Cash expense cover ratio (months) |
5.17 |
4.35 |
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 at:
- Internet: www.fairfieldcity.nsw.gov.au or the following locations:
- Administration Building, 86 Avoca Road, Wakeley
- Whitlam Library, 165 Railway Parade, Cabramatta
- Fairfield Library, corner Barbara and Kenyon streets, Fairfield
- Smithfield Library, corner Oxford and Clancy streets, Smithfield
- Bonnyrigg Library, 28-30 Bonnyrigg Avenue, Bonnyrigg
- Wetherill Park Library, 561-583 Polding St, Wetherill Park
- Prairiewood Leisure Centre, Prairie Vale Rd &, Moonlight Rd, Prairiewood
- Fairfield Leisure Centre, 44 Vine St, Fairfield
- Cabravale Leisure Centre, 30 Broomfield St, Cabramatta
Submissions close on 8 November 2024 at 4pm and must be addressed to: The General Manager, Fairfield City Council, 86 Avoca Road, Wakeley, NSW 2176, or emailed to mail@fairfieldcity.nsw.gov.au