Liverpool City Council Mayor, Ned Mannoun, has welcomed the NSW Auditor General’s unqualified audit opinion of the Council’s 2024-25 financial statements, saying it shows the organisation is managing its finances responsibly while still delivering for the city.
“It is worth mentioning that Liverpool City Council was specifically listed as a council that does not have heightened financial sustainability concerns,” said Mayor Mannoun.
“This is a big tick for Liverpool. It confirms our finances are well managed, our governance is strong, and ratepayers’ money is being handled carefully and transparently.”
He said the audit shows Liverpool City Council’s financial position is continuing to strengthen, with total assets growing to around $4.45 billion and net assets reaching $4.09 billion in 2024–25.
Mayor Mannoun said the figures reflect disciplined financial management and continued investment in the infrastructure that keeps Liverpool moving.
“These results show we are building the city while protecting the community’s financial future,” he said.
Council’s operating results were fully and clearly disclosed, reflecting timing issues around property sales and Commonwealth funding that affected councils across NSW, he said.
“The NSW Auditor-General has highlighted that these timing differences are common for councils delivering large infrastructure programs, and Liverpool’s results sit squarely within that statewide context.”
“Importantly, everything is out in the open and independently verified. That transparency is exactly what the community expects.”
The audit confirmed the Council had met all financial covenants and remains financially resilient, with cash and investments exceeding $420 million at the end of the financial year.
During 2024–25, Council continued a major program of investment in roads, drainage, parks and community facilities, supporting jobs and services as Liverpool grows.
“Strong finances mean we can keep investing, keep delivering and keep building a better Liverpool,” Mayor Mannoun said.
