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18-17 End of Year Financial Reporting 2017-18

Date: Thursday 7th June 2018
Category: Council Circular

Circular Details

Circular No 18-17 / 8 June 2018 / A588980

Previous Circular

 17-27 End of Year Financial Reporting 2016-17

Who should read this

General Managers / Finance & Rating Staff

Contact

Performance Team / 02 4428 4100 / finance@olg.nsw.gov.au

Action required

Councils to apply the 2017-18 end of year financial reporting arrangements.

PDf version of Circular

 18-17 End of Year Financial Reporting 2017-18

Attachment/s

 Annexure 1

 

What’s new or changing

  • End of year financial reporting information has been updated for 2017-18.

 

What this will mean for your council

  • Councils need to review the attached end of year financial reporting information and apply it when completing their Financial Statements and their Financial Data Return (FDR).

 

Key points

  • Annexure 1 provides information to assist councils prepare their 2017-18 Financial Statements.
  • The Office of Local Government (OLG) will issue the FDR worksheets in the new financial year.
  • The Financial Statements and FDR are to be sent electronically to OLG by 31 October 2018. Detailed instructions on how and where to email these are included in the Annexure.
  • GST certificates should be emailed to finance@olg.nsw.gov.au (see Circular 11-23).

 

Where to go for further information

  • The Code of Accounting Practice and Financial Reporting (Update No. 26) is available on OLG’s website at www.olg.nsw.gov.au.
  • Code of Accounting Practice and Financial Reporting Circular 18-10, issued 18 April 2018.

 

Tim Hurst

Acting Chief Executive

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