Public notice: Financial Statements 2022-23

Friday 20 October 2023

In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), Inner West Council advises that the Extraordinary Council Meeting to be held on Tuesday 21 November 2023 will include the presentation of the audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2023.

Visit Your Say Inner West to view the Financial Statements and provide your feedback.

Your Say Inner West

Or view the Financial Statements from Monday to Friday from 8:30am to 5:00pm at:

  • Ashfield Service Centre – 260 Liverpool Road, Ashfield
  • Leichhardt Service Centre – 7-15 Wetherill Street, Leichhardt
  • Petersham Service Centre - 2-14 Fisher Street, Petersham

You can also provide feedback by:

  • Mail: Inner West Council, PO Box 14, Petersham NSW 2049
  • Email:
  • In-person: at Ashfield, Leichhardt or Petersham Service Centres

Feedback closes Friday 27 October 2023.

In accordance with Section 420 of the Local Government Act 1993, submissions relating to the Financial Statements will be received until 11.59pm Friday 27 October 2023. All feedback will be referred to Council’s External Auditors in accordance with the Local Government Act 1993.

Summary of Financial Statements 2022/23

Income statement 2023
2022 Restated
Total income from continuing operations 298,242 268,002
Total expense from continuing operations 275,521 247,974
Operating results from continuing operations 22,721 20,028
Net operating result for the year attributable to Council 22,721 20,028
Net operating result before grants and contributions provided for capital purposes (6,488) (10,744)
Statement of financial position
Total current assets 226,479 271,442
Total current liabilities 120,184 105,774
Total non-current assets 2,962,470 2,553,510
Total non-current liabilities 35,168 40,160
Total equity 3,033,597 2,679,018
Other financial information
Unrestricted current ratio (times) 3.10x 3.85x
Operating performance ratio (%) (0.52)% (3.25)%
Debt service cover ratio (times) 9.22x 6.47x
Rates and annual charges outstanding ratio (%) 8.57% 7.91%
Infrastructure renewals ratio (%) 120.43% 32.51%
Own source operating revenue ratio (%) 85.56% 82.81%
Cash expense cover ratio (months) 8.72 months 12.13 months

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Page last updated: 20 Oct 2023