Consultation has concluded

Annual Financial Statements

In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Council's Annual Financial Statements and Auditor's Reports for the period 1 July 2020 to 30 June 2021 are now available and will be presented to the Ordinary Meeting of Council on Tuesday 23 November 2021.

A summary of the Financial Statements is provided below:

Current year
$'000
Previous year
$'000

Income Statement

Total income from continuing operations 357,755
334,402
Total expenses from continuing operations 350,533 332,806
Operating result from continuing operations 7,222 1,596
Net operating result for the year 7,222 1,596
Net operating result before grants and contributions provided for capital purposes (32,685) (19,340)
Statement of Financial Position
Total current assets 191,336 199,581
Total current liabilities (90,822) (87,268)
Total non-current assets 3,818,459 3,724,010
Total non-current liabilities (23,193) (22,062)
Total equity 3,895,780 3,814,261
Other financial information
Unrestricted current ratio (times) 3.80 4.12
Operating performance ratio (%) (5.29)% (2.77)%
Building and infrastructure renewal ratio (%) 77.98% 62.02%
Debt service cover ratio (times) 84.78 61.71
Rates and annual charges outstanding ratio (%) 6.29% 5.54%

Where can I view these documents

A copy of Council's Audited Financial Statements can be viewed at its Bankstown and Campsie Customer Service Centres, and all nine Library and Knowledge Centres, from 16 November 2021 to 23 November 2021.

Timeline

  • Timeline item 1 - complete

    Tuesday 16 November 2021 - Tuesday 30 November 2021 05:00PM

    Exhibition Period

    This consultation is open for contributions from Tuesday 16 November 2021 to Tuesday 30 November 2021 05:00PM. Once exhibition is closed, contributions will be reviewed and reported back to the project team.

  • Timeline item 2 - active

    Report to Council

    The Financial Statement with a summary of the community feedback received over this exhibition period is considered by Council.

Have your say

Thank you to all those who have provided their feedback. Submissions are now closed.

Who's listening

If you have questions or want to learn more about the statements, please email us or contact the Council officers listed below.

Email haveyoursay@cbcity.nsw.gov.au
In writing

By post to Mr Matthew Stewart, General Manager, City of Canterbury Bankstown PO Box 8, Bankstown NSW 1885

John Maunder

John Maunder

Manager Finance

City of Canterbury Bankstown

Phone: 02 9707 9941

Graham Humphrys

Graham Humphrys

Community Engagement Officer

City of Canterbury Bankstown

Phone: 02 9707 9602