NSW Audit Office has presented their audit report on Inverell Shire Councils Financial Statements for the 2024-25 financial year, giving it a favourable report card despite a considerable reduction in grants and contributions from state and federal governments compared to the previous financial year.
Council’s operating result from continuing operations for the year was $7.1 million lower than the 2023–24 result with the 2024-25 result primarily influenced by the decrease in grants and contributions.
Council’s proportion of revenue from grants and contributions dropped from 46 % in 2023 to 34 % in 2025, mainly attributable to lower capital grants.
As a result, the proportion of council revenue from rates and annual charges, and user fees increased from 48 % in 2024 to 56 % in 2025.
Shire Mayor Kate Dight says despite this, Council is in a sound financial position, paying credit to staff.
Councils’ financial statements can be found on Council’s website.
