2018-07-06 SM - Attachment 1 to Item 5 - Level of Service Catalogue

Service Listing 1 of 2
Service Output                       FINANCIAL SERVICES
                                     Provision of financial management, statutory financial compliance and
                                     reporting, budgeting and creditor payment services.

Service Activity                     Financial Services
                                     The activities include provision of financial accounting, treasury and
                                     investment services, management accounting, capital project financial
                                     management and asset accounting, and accounts payable services.

Responsible Area                     Department                                  Branch
                                     Corporate Services                          Financial Services
                                                                                 Revenue

Cost Centres                         Management Finance & Accounting             1301
                                     Services
                                     Financial Planning & Business Analysis      1302
                                     Financial Accounting                        1303
                                     Management & Systems Accounting             1304
                                     Account Payments                            1305
                                     Treasury                                    1306
                                     Grants Funding                              1307
                                     Accounting & Other Clearing                 1308

Key Statistics                       # ledger transactions                       305,700 transactions
                                     Council labour, materials and services      $72,295,000
                                     expenditure

                                     Annual Council capital expenditure          $28,500,000
                                     Value of non-current assets                 $913.151,000

Legislative responsibility to        The Local Government Act 2009
provide this service                 Local Government Regulation 2012
                                     Australian Accounting Standards (AASBs)

                                  ACTIVITY                                            SERVICE LEVEL TARGET
Financial Accounting
 [Activities involve all statutory and risk management aspects of financial performance including monthly
performance reporting, financial sustainability analysis, statutory reporting and audit processes, monitoring of
financial system controls and adherence to accounting standards and other regulatory guidelines]

Cyclic activities                    Financial performance reporting to          Monthly
                                     Council
                                     Develop and maintain Long Term              4 times per year
                                     Financial Forecast                          June, August, November, April
                                     (in association with budget
                                     development and reviews)
                                     Monitor financial performance indicator     5 times per year
                                     and sustainability ratio performance to     June, August, November,
                                     ensure compliance with statutory            December, April
                                     targets
                                     (in association with budget
                                     development and reviews, financial
                                     statements)
                                     Review cost recovery levels for fees &      Annual
                                     charges
                                     (in association with budget
                                     development)

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