2021/22 annual financial statements
Project Status: Closed
The 2021/22 annual financial statements were adopted by Council on 21 November 2022.
Public consultation period to
Why we’re doing this
Each year, individual local governments across NSW are required to present a set of audited financial statements. In accordance with Section 418 (3) of the Local Government Act, 1993, City of Sydney advises that the Ordinary Council Meeting to be held on 21 November 2022 will include the presentation of the audited Financial Reports and the Auditors Reports for the financial year ending 30 June 2022.
The statements set out the financial performance, financial position and cash flows of the council for the financial year ending 30 June 2022. They also contain explanatory notes for the major components of income and expenditure and the financial position of assets and liabilities.
The annual financial statements comprise:
- General purpose financial statements
- Special purpose financial statements
- Special schedules.
The City of Sydney 2021/22 financial statements are prepared in line with Australian accounting standards and interpretations from the Australian Accounting Standards Board, the Local Government Act 1993 and the Local Government Code of Accounting Practice and Financial Reporting.
2021/22 financial statementsPDF · 5.46 MB · Last modified
Summary of financial statements
|
2022 |
2021 |
|
Income Statement |
||
|
Total Income from Continuing Operations |
676,501 |
847,835 |
|
Total Expenses from Continuing Operations |
611,551 |
652,209 |
|
Operating Result from Continuing Operations |
64,950 |
195,626 |
|
Net Operating Result for the year |
64,950 |
195,626 |
|
Net Operating Result before Capital Grants & Contributions |
(4,033) |
50,925 |
Balance Sheet |
||
|
Total Current Assets |
651,937 |
587,289 |
|
Total Current Liabilities |
(215,726) |
(205,361) |
|
Total Non-Current Assets |
12,410,801 |
12,138,190 |
|
Total Non-Current Liabilities |
(113,367) |
(86,712) |
|
Total Equity |
12,733,645 |
12,433,406 |
Other Financial Information |
||
|
Operating Performance Ratio |
(2.41%) |
5.14% |
|
Operating Performance Ratio (%) |
(4.84%) |
(1.25%) |
|
Own Source Operating Revenue Ratio (%) |
86.46% |
78.58% |
|
Unrestricted Current Ratio |
4.17 : 1 |
3.95 : 1 |
|
Unrestricted Current Ratio (less External & Internal Restrictions) |
2.95 : 1 |
3.14 : 1 |
|
Debt Service Ratio (%) |
177.84% |
258.47% |
|
Rates & Annual Charges Outstanding Ratio (%) |
1.96% |
2.16% |
|
Cash Expense Cover Ratio (months) |
12.48 |
10.84 |
How you can give feedback
Consultation closes at 6pm on Monday 28 November 2022.
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 Reports or the Auditor’s Reports.
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Complete our online form
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Email or post your feedback
Email [email protected] or post to:
Senior Project Manager
Strategic Engagement and Community Relations
City of Sydney
Town Hall House, Level 7, 456 Kent Street
Sydney NSW 2000
Feedback may be published in publicly available reports at the end of the consultation period. Your name or organisation's name may appear in these reports with your feedback attributed. If you would like your feedback to be kept confidential, please let us know when making your submission.
After this exhibition, the audited financial reports and the auditor’s reports will be presented at the Ordinary Council Meeting on 21 November 2022.
