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as per Section 418 of the Local Government Act.
In accordance with Section 418 of the Local Government Act 1993 (NSW), Glen Innes Severn Council advises that an extraordinary Council meeting, to be held at 9am on Monday 9 March 2026 at the Glen Innes Severn Learning Centre, will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2025.
Please note: the Audited Financial Statements and Auditor’s Reports will now be presented at an extraordinary Council meeting on Monday 9 March 2026, rather than at the ordinary meeting scheduled for 25 March 2026, as previously stated.
A summary of the Audited Financial Statements for the period 1 July 2024 - 30 June 2025 is provided below:
2025
2024
$ '000
$ '000
Income Statement
Total income from continuing operations
44,209
50,562
Total expenses from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
25,091
24,556
Operating result from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
19,118
26,006
Depreciation, amortisation and impairment of non-financial assets
9,104
9,684
Net operating result for the year
10,014
16,322
Net operating result before grants and contributions provided for capital purposes
(4,881)
(4,361)
Statement of Financial Position
Total current assets
38,694
41,927
Total current liabilities
(13,782)
(16,167)
Total non-current assets
455,047
414,542
Total non-current liabilities
(11,412)
(9,343)
Total equity
468,547
430,959
Other financial information
Unrestricted current ratio (times)
1.83
2.64
Operating performance ratio (%)
(14.64)%
(11.16)%
Debt service cover ratio (times)
2.50
2.89
Rates and annual charges outstanding ratio (%)
10.86%
13.07%
Infrastructure renewals ratio (%)
156.91%
145.43%
Own source operating revenue ratio (%)
45.40%
39.09%
Cash expense cover ratio (months)
11.19
11.22
In accordance with Section 420 of the Local Government Act 2093 (NSW), any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.
A copy of these documents are available for inspection by members of the public:
Council’s Town Hall Customer Service Office 265 Grey Street, Glen Innes
Submissions will close at 5pm on Thursday, 5 March 2026.
as per Section 418 of the Local Government Act.
In accordance with Section 418 of the Local Government Act 1993 (NSW), Glen Innes Severn Council advises that an extraordinary Council meeting, to be held at 9am on Monday 9 March 2026 at the Glen Innes Severn Learning Centre, will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2025.
Please note: the Audited Financial Statements and Auditor’s Reports will now be presented at an extraordinary Council meeting on Monday 9 March 2026, rather than at the ordinary meeting scheduled for 25 March 2026, as previously stated.
A summary of the Audited Financial Statements for the period 1 July 2024 - 30 June 2025 is provided below:
2025
2024
$ '000
$ '000
Income Statement
Total income from continuing operations
44,209
50,562
Total expenses from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
25,091
24,556
Operating result from continuing operations excluding depreciation, amortisation and impairment of non-financial assets
19,118
26,006
Depreciation, amortisation and impairment of non-financial assets
9,104
9,684
Net operating result for the year
10,014
16,322
Net operating result before grants and contributions provided for capital purposes
(4,881)
(4,361)
Statement of Financial Position
Total current assets
38,694
41,927
Total current liabilities
(13,782)
(16,167)
Total non-current assets
455,047
414,542
Total non-current liabilities
(11,412)
(9,343)
Total equity
468,547
430,959
Other financial information
Unrestricted current ratio (times)
1.83
2.64
Operating performance ratio (%)
(14.64)%
(11.16)%
Debt service cover ratio (times)
2.50
2.89
Rates and annual charges outstanding ratio (%)
10.86%
13.07%
Infrastructure renewals ratio (%)
156.91%
145.43%
Own source operating revenue ratio (%)
45.40%
39.09%
Cash expense cover ratio (months)
11.19
11.22
In accordance with Section 420 of the Local Government Act 2093 (NSW), any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.
A copy of these documents are available for inspection by members of the public:
Share Online Public Comments Form: 2024/25 Audited Financial Statements on FacebookShare Online Public Comments Form: 2024/25 Audited Financial Statements on TwitterShare Online Public Comments Form: 2024/25 Audited Financial Statements on LinkedinEmail Online Public Comments Form: 2024/25 Audited Financial Statements link
