Liverpool City Council's finances have received a major vote of confidence, with the NSW Auditor-General issuing an unqualified audit opinion on Council's 2024–25 financial statements.
An unqualified audit opinion means the independent auditor found Liverpool City Council's financial statements were in order and fairly present its financial position, in line with the NSW Auditor-General's expectations.
Mayor Ned Mannoun said the result shows Liverpool City Council is doing what residents expect: managing public money responsibly while still delivering for a fast-growing city.
"It is worth mentioning that Liverpool City Council was specifically listed as a council that does not have heightened financial sustainability concerns," Mayor Mannoun said.
"This is a big tick for Liverpool," Mayor Mannoun said. "It confirms our finances are well managed, our governance is strong, and ratepayers' money is being handled carefully and transparently."
The audit shows Liverpool City Council's financial position continues 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.
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," Mayor Mannoun said. "That transparency is exactly what the community expects."
Liverpool City Council continues to manage its finances responsibly, with borrowings of approximately $213.7 million tied to long-term, city-shaping projects.
The audit confirms Council met all financial covenants and remains financially resilient, with cash and investments exceeding $420 million at the end of the financial year. Most of these funds are restricted for future infrastructure and community projects — ensuring money is spent exactly where it is intended.
During 2024–25, Council continued a major program of investment in roads, drainage, parks and community facilities, supporting jobs and services as Liverpool grows.
The favourable audit outcome provides independent assurance that Liverpool City Council is financially stable, well governed and focused on delivering real outcomes for residents.
"Strong finances mean we can keep investing, keep delivering and keep building a better Liverpool," Mayor Mannoun said.
