Northern Territory Consolidated Regulations Northern Territory Consolidated Regulations(1) A council must maintain an accounting and policy manual.
(2) The manual must include, or incorporate by reference, the following:
(a) an organisation chart showing the functions of the council, its committees and responsible officers;
(b) a statement of the duties and responsibilities of the CEO and responsible officers;
(c) a statement of the principal accounting policies of the council;
(d) information about the timing and content of financial management reports to the council and the CEO;
(e) a statement of the procedures the council considers necessary to facilitate the timely preparation of the council's annual financial statement;
(f) the information necessary to ensure the proper operation of any computer based accounting system in use;
(g) details of all administrative and accounting procedures, policies and delegations of authority, including:
(i) details of internal control procedures; and
(ii) details of personnel and financial delegations; and
(iii) a chart of accounts divided into assets, liabilities, income, expenses and council equity accounts; and
(iv) procedures relating to the receipt and banking of money, the payment of salaries and wages, the allocation of machinery operating costs to council functions, the purchase of goods and services and the granting of credit to council debtors.