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LOCAL GOVERNMENT ACT 1993 - SECT 84 Financial statements

LOCAL GOVERNMENT ACT 1993 - SECT 84

Financial statements

(1)  The general manager is to prepare and forward to the Auditor-General a copy of the council's financial statements for each financial year in accordance with the Audit Act 2008 .
(2)  Any financial statement for a financial year is to–
(a) .  .  .  .  .  .  .  .  
(b) specify any interests as notified to the general manager of any councillor in respect of any body or organisation with which the council has major financial dealings; and
(c) contain a comparison between the council's actual and estimated revenue and expenditure for that financial year; and
(d) contain a statement of any revenue and expenditure of a council committee, a special committee or a controlling authority; and
(da) contain a statement of the operating, capital and competitive neutrality costs in respect of each significant business activity undertaken by the council during that financial year together with a statement of the revenue associated with that activity; and
(db) contain financial management indicators, and asset management indicators, specified in an order under subsection (2A) ; and
(e) contain any other information the Minister determines.
(2A)  The Minister, by order, may specify –
(a) financial management indicators; and
(b) asset management indicators –
to be included in the financial statements of councils.
(2B)  The Minister is to consult with councils as to the matters to be included in an order under subsection (2A) .
(3)  The general manager is to certify that, in accordance with this Act and any other relevant Act, the financial statements fairly represent –
(a) the financial position of the council; and
(b) the results of the council's operations; and
(c) the cash flow of the council.
(4)  The general manager is to ensure that the certified financial statements are tabled at a meeting of the council as soon as practicable.
(5)  In this section –
competitive neutrality costs means the costs required to be taken into account under the competitive neutrality principles.