2021-2022 Financial Statements

In accordance with Section 418 (3) of the Local Government Act 1993 Richmond Valley Council advises the ordinary meeting to be held on Tuesday 15 November 2022 will include the presentation of the audited financial statements and auditor’s reports for the financial year ending 30 June 2022.  A summary of the financial statements is provided below:

 

Summary of Council’s financial statements Current Year

2022

$’000

Previous Year

2021

$’000

Income Statement
Total income from continuing operations 101,857 71,633
Total expenses from continuing operations 81,870 61,547
Operating result from continuing operations 19,987 10,086
Net operating result for the year 19,987 10,086
Net operating result before grants and contributions provided for capital purposes (5,595) (2,407)
Statement of Financial Position
Total current assets 89,643 72,437
Total current liabilities 26,170 20,594
Total non-current assets 842,277 804,879
Total non-current liabilities 24,598 23,230
Total Equity 881,152 833,492
Other Financial Information
Operating performance ratio (%) -2.80% -4.10%
Own source operating revenue ratio (%) 47.54% 64.26%
Unrestricted current ratio 2.98 3.42
Debt service cover ratio 4.03 4.26
Rates and annual charges outstanding ratio (%) 10.73% 10.70%
Cash expense coverage ratio 11.40 11.31
Buildings and infrastructure renewals ratio (%)

Infrastructure backlog ratio (%)

125.26%

6.01%

86.64%

2.33%

Asset maintenance ratio 162.32% 129.63%

 

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 audited financial statements and the auditor’s reports by one of the following methods:

 

  • Email to council@richmondvalley.nsw.gov.au
  • Fill out a Make a Submission form on Council’s website
  • By post – forwarded to the General Manager, Richmond Valley Council, Locked Bag 10 Casino NSW 2470
  • Delivery to a Council administration centre in Casino or Evans Head

 

Copies of the audited financial statements are available for viewing and downloading from the document below. Submissions close 4pm, Tuesday 22 November 2022.

 

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