Financial Statements

Submissions closing on 17 November 2021, 05:00 PM

In accordance with Section 418(3) of the Local Government Act 1993, Greater Hume Council advises that the Ordinary Council meeting to be held on Wednesday, 10 November 2021 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the financial year ended 30 June 2021.
 
A summary of the Financial Statements is provided below: 

 

2021

2020

$’000

$’000

Income Statement

Total Income from Continuing Operations

52,027

37,223

Total Expenses from Continuing Operations

37,553

35,982

Operating Result from Continuing Operations

14,474

1,241

Net Operating Result for the year

14,474

1,241

Net Operating Result before Grants & Contributions provided for Capital Purposes

261

(3,470)

Statement of Financial Position

Total Current Assets

32,567

31,561

Total Current Liabilities

(10,423)

(7,688)

Total Non Current Assets

647,390

631,314

Total Non Current Liabilities

(9,582)

(10,032)

Total Equity

659,952

645,155

Other Financial Information

Unrestricted Current Ratio (times)

4.28

5.11

Operating Performance Ratio (%)

0.04%

(10.16)%

Debt Service Cover Ratio (times)

11.74

7.26

Rates & Annual Charges Outstanding Ratio (%)

5.72%

6.06%

Infrastructure Renewals Ratio (%)

137.53%

120.93%

Own Source Operating Revenue Ratio (%)

38.65%

49.66%

Cash Expense Cover Ratio (months)

7.59

10.76

 

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 Council’s Audited Financial Statements or the Auditor’s Reports.

Download the audited Financial Statements and the Auditor’s Reports(PDF, 3MB) here or a copy can be viewed in person at the following offices:

  • Library Lane, Holbrook         
  • 40 Balfour Street, Culcairn
  • 30 Sladen Street, Henty           
  • 83 Urana Street, Jindera 

Submissions on the financial statements will be received in writing until 5pm Wednesday, 17 November 2021.