Launch Of Victorian City Council Model Budget Guide 2015/16March 31, 2015
The thirteenth edition of the Victorian City Council Model Budget Guide for the 2015/16 financial year was released by James Scott, Chairperson of the ICAA Model Budget Taskforce, on Thursday 26 February 2015 at the 2015 FinPro Professional Development Seminar.
This edition of the Guide builds on previous editions in improving the usefulness of the budget to financial users. It consolidates the significant changes that occurred in the twelfth edition (2014/15) which followed the changes made to the Local Government Act and Planning and Reporting Regulations in 2014.
The key changes made to the Guide this year include the following:
- Changes to the presentation of financial statements to align with the disclosures in the Local Government Model Financial Report.
- An updated description of topical issues influencing Council budgets for the coming year particularly repeal of the Carbon Tax, the proposal to introduce Rate Capping and Cost Shifting
- The Glossary has been updated to include references to the Act or the Regulations, where relevant.
At the launch, James said ”on behalf of the Chartered Accountants Australia and New Zealand Local Government Taskforce, we hope this is a tool that you will find beneficial for your Council”. The updated Model Budget guide 2015/16 is now available from Gabrielle Gordon, Executive Officer, FinPro by emailing her on [email protected]
They will also be available on the website shortly.
The documents included on the website will comprise:
- The full Model Budget Guide inclusive of introductions and commentary (PDF format)
- A Word format budget template (not including commentary)
- An Excel format budget template (not including commentary)
- A summary of key changes made to the Model Budget Guide this year (PDF format)
The Model Budget Guide will also be included on the Chartered Accountants Australia and New Zealand website shortly. A web-link to this location will be sent to FinPro members once the documents are published.
James Scott, CA
Chartered Accountants ANZ Local Government Taskforce Chairman