Under the Local Government Act 1989 (the Act), Council is required to prepare and adopt an Annual Budget for each financial year. The Budget is required to include certain information about the rates and charges that Council intends to levy as well as a range of other information required by the Local Government (Finance and Reporting) Regulations 2004 (the Regulations) which support the Act.
The Budget includes standard statements being:
- Budgeted Income Statement
- Budgeted Balance Sheet
- Budgeted Cash Flow Statement
- Budgeted Capital Works Statement
The Annual Budget has been developed within an overall planning framework which guides Council through the Council Plan and Annual Budget. Council then demonstrates its achievements and accountability through publication of an Annual Report including the reporting of the operations of Council and Audited Performance and Financial Statements.
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