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Consultation has concluded

Annual Financial Statements

The next ordinary Meeting of Council will be held on 26 November and will include the audited Financial Statements and the Auditor’s Reports for last financial year (1 July 2023-30 June 2024). In line with Section 418 (3) of the Local Government Act 1993 (NSW), we are putting these documents on exhibition so you can view them and share any feedback.

Anyone can submit feedback or comments about the Council's audited Financial Statements or the Auditor's Reports. Submissions must be made in writing and sent to us by 5pm, Tuesday 3 December (7 days after the ordinary meeting).

A summary of the Financial Statements is provided below:

Current year
$'000
Previous year
$'000

Income Statement

Total income from continuing operations 432,693
406,654
Total expenses from continuing operations 431,127
386,076
Operating result from continuing operations 1,566
20,578
Net operating result for the year 1,566
20,578
Net operating result before grants and contributions provided for capital purposes (47,169)(15,233)
Statement of Financial Position
Total current assets 312,406
339,133
Total current liabilities (109,758)(93,210)
Total non-current assets 4,395,3364,160,956
Total non-current liabilities (37,226)(32,824)
Total equity 4,560,758
4,374,055
Other financial information
Unrestricted current ratio (times) 4.35
3.50
Operating performance ratio (%) (10.76)%(2.20)%
Infrastructure renewals ratio (%) 42.23%55.92%
Debt service cover ratio (times) 50.53157.02
Rates and annual charges outstanding ratio (%) 5.83%6.36%

Document library

A copy of Council's Audited Financial Statements can be viewed at the Bankstown and Campsie Customer Service Centres, and all nine Library and Knowledge Centres from 15 November 2024 - 3 December 2024. You can also view the statements by accessing the document below.

Timeline

  • Timeline item 1 - complete

    Friday 15 November 2024 - Tuesday 3 December 2024 5:00pm

    Exhibition Period

    This consultation is open for contributions from Friday 15 November 2024 until 5pm, Tuesday 3 December 2024.

  • Timeline item 2 - complete

    Report to Council - Ordinary Meeting 26 November 2024

    The draft Annual Financial Statements with an interim summary of feedback received for the period 15 November 2024 to 26 November 2024 is considered by Council.

  • Timeline item 3 - complete

    Tuesday 3 December 2024 5:00PM

    Closed

    Council will no longer accept feedback and a final community engagement summary is provided to the project team.

Contact Us

If you have questions or want to learn more about the project, please contact us via the following:

Name Community Engagement Team
Email haveyoursay@cbcity.nsw.gov.au

The City of Canterbury Bankstown acknowledges the traditional custodians of the land, water and skies of Canterbury-Bankstown, the Darug (Darag, Dharug, Daruk, Dharuk) People. We recognise and respect Darug cultural heritage, beliefs and relationship with the land. We acknowledge the First Peoples’ continuing importance to our CBCity community.