FINANCIAL MANAGEMENT ACT 1996 - SECT 68 Statements of performance of territory authorities

FINANCIAL MANAGEMENT ACT 1996 - SECT 68

    (1)     As soon as practicable after the end of each financial year, each territory authority must prepare a statement of the performance of the authority in meeting the objectives in the authority's statement of intent for the year.

    (2)     For a territory authority that is not a prescribed territory authority, the statement must assess the performance by reference to the performance criteria and other measures included in the statement of intent in accordance with section 61 (7).

    (3)     For a prescribed territory authority, the statement must include a statement of the performance of the authority in providing each class of outputs set out in the authority's budget for the year and provided by it during the year and, in particular—

        (a)     compare the performance of the territory authority in providing each class of the outputs with the forecast of the performance in the authority's budget for the year; and

        (b)     give particulars of the extent to which the performance criteria set out in the budget for the provision of the outputs were met.

    (4)     In this section:

"budget", for the territory authority, means the budget for the authority for the financial year presented to the Legislative Assembly under section 10 (c) (Budget papers) and, if that budget has been amended under this Act, the budget as amended.

"prescribed territory authority" means a territory authority prescribed for section 61 (6) (Territory authority statements of intent).