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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 21/02/2024 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2023.
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
2023
2022
$ '000
$ '000
Total income from continuing operations
155,404
150,114
Total expenses from continuing operations
129,002
99,736
Operating result from continuing operations
26,402
50,378
Net operating result before grants and contributions provided for capital purposes
(29,785)
618
Statement of Financial Position
Total current assets
92,490
92,792
Total current liabilities
(30,167)
(29,308)
Total non-current assets
1,277,117
1,149,328
Total non-current liabilities
(45,488)
(25,858)
Total equity
1,293,952
1,186,954
Other financial information
Unrestricted current ratio (times)
2.98
3.74
Operating performance ratio (%)
(18.55)%
3.42%
Debt service cover ratio (times)
(0.21)
10.93
Rates and annual charges outstanding ratio (%)
6.11%
6.86%
Infrastructure renewals ratio (%)
181.96%
128.32%
Own source operating revenue ratio (%)
51.27%
55.60%
Cash expense cover ratio (months)
10.49
10.23
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 21/02/2024 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30/06/2023.
Financial Statements 2022-2023 is currently at this stage
This consultation is open for contributions.
Under Review
this is an upcoming stage for Financial Statements 2022-2023
Contributions to this consultation are closed for evaluation and review. The project team will report back on key outcomes.
Final report
this is an upcoming stage for Financial Statements 2022-2023
The final outcomes of the consultation are documented here. This may include a summary of all contributions collected as well as recommendations for future action.
