Annual 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

Additionally as Federation Council was the result of a merger between Corowa Shire and Urana Shire, the Financial Statements for both the previous Councils as at 12 May 2017 are available below for download. 

Independent Financial Statement Audit

Each year, Council also undertakes an independent financial statement audit, as required by section 415 of the Local Government Act 1993. 

The Audit Office conducts financial and performance audits of local government entities in New South Wales to:

• support reforms aimed at strengthening governance and financial oversight in the sector
• provide greater consistency in the financial reporting and audit process   
• improve financial management, fiscal responsibility and public accountability.

The Auditors report should be read in conjunction with Council's financial statements and annual report.