Financial Statements

Each year, individual local governments across New South Wales are required to present a set of audited financial statements to their Council and community. These statements form part of Councils Annual Report.

The financial statements set out the financial performance, financial position and cash flows of Council for the reporting financial year period.

The format of the financial statements is standard across all NSW Councils and complies with both the accounting and reporting requirements of the Australian Accounting Standards and requirements as set down by the Office of Local Government. 

The financial statements incorporate three components: 

  • General Purpose
  • Special Purpose
  • Special Schedules