THE NSW Audit Office has completed its audit of MidCoast Council’s financial statements with Council receiving an unqualified audit – meaning all requirements have been met.

Councils are required annually to provide a set of financial statements to the NSW Audit Office which set out performance, financial position and cash flows for that financial year.

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Council referred the draft statements to the NSW Audit Office for audit following the Council Meeting on Wednesday 4 September 2024.

MidCoast Council General Manager Adrian Panuccio said the result showed MidCoast Council was heading in the right direction.

“Not only did we again receive an unqualified audit, but the result reflects a concerted effort by Council to provide timely and accurate reporting and shows continuous improvement over a number of years, something we are very proud of,” he said.

The financial reports include six performance measures and benchmarks set by the Office of Local Government, with MidCoast Council meeting all but one.

The only benchmark not met was the outstanding rates and charges ratio, which measures Council’s performance in collecting rates and charges.

The Annual Financial Reports are now on exhibition and the public are entitled to make a submission until 4 December 2024.

A copy of all submissions will be provided to the NSW Audit Office.