2022-07-12 - S&O Agenda - Item 3 - Attachment 1 - Governance Framework Report

   Budget reviews
    • Council reviews the annual budget three times a year and makes any
      necessary budget updates.

   Annual financial report
    • In accordance with the Local Government Act 2009, Council is required to
      prepare annual financial statements which provides information about
      Council’s financial activities, income and expenditure. Council’s annual
      financial reports are audited by an external auditor and is considered by
      Council’s Audit & Risk Committee prior to being submitted to Council for
      adoption. Council also produces a ‘plain English’ version of the annual
      financial statements that are included in the Annual Report.

   Quarterly Capital Program Works report
    • This type of reporting outlines Capital Program Works overall delivery status
      and spend reporting for the quarter.

   Other profit and loss reporting
    • This type of reporting applies to Council’s commercial business activities such
      as waste, community facilities, holiday parks and the Peregian Beach Digital
      Hub.

   Annual Report

   Pursuant to section 182 of the Local Government Regulation 2012, Council must:
   a)   Prepare an annual report for each financial year;
   b)   Adopt its annual report within one month after the day the Auditor-General
         gives the Auditor General’s audit report about the local government’s
         financial statements for the financial year to the local government;[12] and,
   c)   Publish its annual report on its website within two weeks of adopting the
         annual report.

   The Annual Report is Council’s key reporting document that includes our
   financial performance for the year as well as governance and statutory
   information. It also highlights a range of achievements and progress made in
   delivering services to our community in alignment with our Corporate Plan and
   vision. The Annual Report is available on Council’s website.




   [12] The Minister may, by notice to the local government, extend the time by which the
   Annual Report must be adopted.


NOOSA SHIRE COUNCIL                                                                 PAGE 44