Published On
20/04/2021In accordance with s. 418 of the Local Government Act 1993, Central Coast Council will be presenting the audited financial statements and the Auditor’s reports for the period from 1 July 2019 to 30 June 2020 at the Ordinary Council meeting of 27 April 2021, commencing at 6.30pm at 2 Hely Street, Wyong.
The audited Financial Statements will be available for inspection at Council’s Administration Buildings at 2 Hely Street Wyong and 49 Mann Street, Gosford, and on this page at centralcoast.nsw.gov.au/publicnotices following the 27 April 2021 Council Meeting.
In accordance with s. 420 of the Local Government Act 1993, any person may make written submissions to Council with respect to the 2019-20 audited Financial Statements and/or Audit Reports.
Submissions should be addressed to Director Corporate Affairs and Chief Financial Officer, Mrs Natalia Cowley and will be accepted until 6.30pm Tuesday 4 May 2021 by:
- Email: ask@centralcoast.nsw.gov.au
- Post: PO Box 21 Gosford NSW 2250 OR PO Box 20 Wyong NSW 2259 (please allow adequate postage time)
Enquiries should be addressed to Director Corporate Affairs and Chief Financial Officer, Natalia Cowley via:
- Email: ask@centralcoast.nsw.gov.au
- Phone: 1300 463 954
- Post: PO Box 21 Gosford NSW 2250 OR PO Box 20 Wyong NSW 2259
Your attention is drawn to the provisions of the Government Information (Public Access) Act 2009 which allows for possible access to certain public and personal documentation.
| 2019-20 | 2018-19 |
---|---|---|
Income Statement | ||
Total income from continuing operations | 592,507 | 637,251 |
Total expenses from continuing operations | 614,344 | 574,854 |
Operating result from continuing operations | (21,837) | 62,397 |
Net operating result for the year | (21,837) | 62,397 |
Net operating result before grants and contributions provided for capital purposes | (88,738) | (5,126) |
Statement of Financial Position | ||
Total current assets | 347,765 | 460,477 |
Total current liabilities | 217,439 | 207,221 |
Total non-current assets | 7,357,199 | 7,186,293 |
Total non-current liabilities | 282,679 | 258,621 |
Total equity | 7,204,846 | 7,180,928 |
Other Financial Information | ||
Unrestricted current ratio | (0.32)x | 2.10x |
Operating performance ratio | (16.49)% | (0.37)% |
Buildings and Infrastructure renewal ratio | 156.69% | 132.56% |
Debt service cover ratio | 1.38x | 3.21x |
Rates, annual charges and interest outstanding percentage | 9.01% | 6.53% |
David Farmer
Chief Executive Officer