2014-01-13 Deamalgamation Report Attachment

      Section       Key           Strategic           Major          Sub-     Elements                Transfer/split                        Interim Organisation Development
                    deliverable   issues (relates     Initiative    Section
                                  to
                                  methodology)                                                                                                              Recommendation for new
                                                                                                                             Actions required               council
                1   Financial     Financial matters   Financial       1.1     Balance sheet           Balance sheet items    Determine splits for loans,    Opening position/balances
                    Management                        plan/budget             allocation                                     trust accounts, reserves and   determined
                                                      statements                                                             other balance sheet items
                                                                                                                             Detailed report prepared by
                                                                                                                             Transfer Manager
                                                                                                      Prepare interim        Adopt interim financial plan   For consideration of new council
                                                                                                      financial plan
                                                                      1.2     Accounting              Review accounting      Prepare interim accounting     For consideration of new council
                                                                              practices               manual and processes   directions and processes
                                                                      1.3     Financial policies      Financial management   Prepare interim policies
                                                                                                      policies               where critical
                                                                      1.4     Business                                       Business registrations
                                                                              registration                                   including ABN, GST, FBT
                                                                                                                             and other tax requirements
                                                                                                                             are arranged
                                                                      1.5     Ledgers and             Prepare interim        Accounting structure,
                                                                              accounts                accounting             ledgers, reports established
                                                                                                      structure/chart of     and job nos issued
                                                                                                      accounts
                                                                      1.6     Budget                  Identify common        Prepare interim budget         For consideration of new council
                                                                              management              budget lines           management arrangements
                                                                                                                             and confirm treatment of de-
                                                                                                                             amalgamation costs
                                                                      1.7     Interests &             Legal status,          Resolve ownership and
                                                                              entities/corporations   shareholdings, joint   management arrangements
                                                                                                      ventures and funding   and transfer to new council
                                                                                                      arrangements           as appropriate
                                                                      1.8     Creditors/suppliers     Identify existing      Pay all invoices by 31         For consideration of new council
                                                                                                      creditors and pay      December and revise
                                                                                                      invoices and confirm   consolidated budget
                                                                                                      arrangements for the   Prepare interim creditors
                                                                                                      payment of invoices    arrangements and
                                                                                                      post 31 December       communicate with creditors
                                                                                                      2013
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