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Project Information
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Cessnock City Council advises that the ordinary Council meeting to be held on 20/11/24 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2024.
In person: over the counter at Cessnock City Council Administration building: 62-78 Vincent St, Cessnock NSW 2325
Mail: PO Box 152, CESSNOCK NSW 2325
Summary of the Financial Statements
Income Statement
2024
2023
$ '000
$ '000
Total income from continuing operations
207,393
156,284
Total expenses from continuing operations
118,449
122,273
Operating result from continuing operations
88,944
34,011
Net operating result for the year
88,944
34,011
Net operating result before grants and contributions provided for capital purposes
(15,634)
(23,056)
Statement of Financial Position
Total current assets
101,442
92,490
Total current liabilities
(45,256)
(30,167)
Total non-current assets
1,295,120
1,280,252
Total non-current liabilities
(39,358)
(34,137)
Total equity
1,311,948
1,308,438
Other financial information
Unrestricted current ratio (times)
2.03
2.98
Operating performance ratio (%)
(5.94)%
(11.75)%
Debt service cover ratio (times)
11.82
5.65
Rates and annual charges outstanding ratio (%)
7.28%
6.11%
Infrastructure renewals ratio (%)
329.31%
181.96%
Own source operating revenue ratio (%)
40.21%
50.98%
Cash expense cover ratio (months)
12.11
10.49
Project Information
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Cessnock City Council advises that the ordinary Council meeting to be held on 20/11/24 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2024.
