Inverell Shire Council has delivered its draft financial statements for the 2024–2025 year, providing the community with a clear picture of how funds have been managed and invested.
The reports, endorsed by Council, are now with the NSW Audit Office for independent review before being placed on public exhibition.
Council recorded a strong net operating result of $8.346 million for 2024–2025. After allowing for transfers to and from externally/internally restricted reserves, and accounting for projects carried forward into 2025–2026, this outcome reduces to small cash surpluses in the general, water, and sewer funds. This result demonstrates Council’s ability to balance daily operations while preparing for future commitments.
During the year, Council invested $32.499 million in renewing capital assets, delivering upgrades and improvements across roads, water and sewerage networks, parks, community facilities, Inverell Aquatic Centre and other essential infrastructure. These investments support both immediate community needs and long-term growth.
Council’s balance sheet indicates that Council manages a significant portfolio of community assets, with net assets valued at $1.072 billion. These include roads, bridges, water and sewer infrastructure, public buildings, and open spaces, reflecting Council’s responsibility for maintaining services and facilities relied upon by residents every day.
The financial statements show that Inverell Shire Council is in a stable and sustainable financial position, continuing to provide essential services while planning responsibly for the future.
The audited financial statements, together with the audit reports, will be presented to Council at the November Ordinary Meeting.
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