LGV Launches Local Government Model Financial Report (LGMFR) At The FinPro Professional Development Seminar – 26 February 2015

March 10, 2015

At today’s FinPro Professional Development Seminar, held at Bayview Eden Melbourne, Daniel O’Shea, on behalf of LGV, launched the Local Government Model Financial Report for 2014/15.

Daniel said “In response to the recent changes to legislation Local Government Victoria (LGV) have now completed the update of the Local Government Model Financial Report (LGMFR).

Under the guidance of a working group which included FINPro representatives, CPA Australia and the Victorian Auditor-General”s Office (in an observer capacity) LGV has now released two key documents:

Councils should be aware of the legislative requirement to prepare their financial statements in accordance with the LGMFR from 2014-15.

Further information is also available from Daniel O’Shea, Finance and Business Analyst, Local Government Victoria ( daniel.o’[email protected] )