Presentation of Financial Statements 2021-22

Public Notice Presentation of Financial Statements
as per Section 418 (3) of the Local Government Act.

In accordance with Section 418 (3) of the Local Government Act, 1993 (NSW), Fairfield City Council advises that the Ordinary Council meeting to be held on 15/11/2022 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30/6/2022.

2022 2021
Income Statement $’000 $’000
Total income from continuing operations 203,731 198,971
Total expenses from continuing operations 170,151  171,507
Operating result from continuing operations  33,580  27,464
Net operating result for the year  33,580  27,464
Net operating result before grants and contributions provided
for capital purposes
13,652 6,419

Statement of Financial Position
Total current assets 140,869 122,282
Total current liabilities (55,100) (49,318)
Total non-current assets 2,422,711 2,246,378
Total non-current liabilities (11,038) (13,259)
Total equity  2,497,442 2,306,083
Other financial information 
Unrestricted current ratio (times) 2.01x 1.92x
Operating performance ratio (%) 7.26%  3.30%
Debt service cover ratio (times)  28.30x 29.08x
Rates and annual charges outstanding ratio (%) 4.48% 3.93%
Buildings and Infrastructure renewals ratio (%) 77.78% 130.52%
Own source operating revenue ratio (%) 78.04% 80.17%
Cash expense cover ratio (months)  6.47 4.50


In accordance with Section 420 of the Local Government Act, 1993 (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.

Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected at:

  • Internet: or the following locations:
  • Administration Building, 86 Avoca Road, Wakeley
  • Whitlam Library, 165 Railway Parade, Cabramatta
  • Fairfield Library, corner Barbara and Kenyon streets, Fairfield
  • Smithfield Library, corner Oxford and Clancy streets, Smithfield
  • Bonnyrigg Library, 28-30 Bonnyrigg Avenue, Bonnyrigg


Submissions close on 9 November 2022 at 4pm and must be addressed to: The City Manager, Fairfield City Council, 86 Avoca Road, Wakeley, NSW 2176, or emailed to