|
At the 2011 FinPro Conference, held in March this year, Bruce Dobson, ICAA Local Government Taskforce chairman, announced the release of the ninth edition of the Victorian City Council Model Budget Guide for the 2011/12 financial year.
The ninth edition of the Guide builds on previous editions in improving the usefulness of the budget to financial users. It has also continued to address practical matters affecting preparers which have been communicated through surveys and other feedback mechanisms.
The key changes made to the Guide this year include the following:
1. Greater focus on working capital as a key financial measure
2. Revised presentation of the Alternative Format Budgeted Income Statement
3. Enhanced alignment between the disclosures and terminology in the Model Budget Statements and the Local Government Model Accounts
4. Updated commentary on the Essential Services Commission work on performance measures and linkage of this work with the Key Strategic Activities included in the Model Budget
5. Updated description of topical issues influencing Council budgets for the coming year
6. Improved presentation of information in the Chief Executive Officer's summary including a new chart showing how rates are allocated across major expenditure types.
As highlighted at the FinPro Conference last week, the updated Model Budget guide 2011/2012 is available for download.
The documents included here and on the website include:
The full Model Budget Guide inclusive of introductions and commentary (PDF format)
A Word and Excel format budget template (not including commentary)
A summary of key changes made to the Model Budget Guide this year
The Model Budget Guide will also be included on the Institute of Chartered Accountants website shortly.
A web-link will be sent to FinPro members once the documents are published.
Below are the documents listed above and their associated links:
Model Budget template (word document)
Model budget templete (excel document)
Full Model Budget Guide (pdf format)
Summary of Changes document
Download
Pdf File size:0.09
Mb
|