18-39 – Debt Management and Hardship Guidelines
The Office of Local Government has issued new Guidelines to ensure best practice debt management and hardship practices in all NSW councils.
18-33 – OLG Financial Reporting Workshops 2018-19
The Office of Local Government (OLG) is conducting a series of workshops commencing November 2018 and concluding May 2019 on impending Accounting Standards and the auditing of financial statements. A range of council revenue and lease contracts will be reviewed to enable councils to gain an understanding of the issues to consider in determining the impact of the new standards.
18-31 – Special Variation and Minimum Rate Variation Guidelines and Process for 2019-20
The timetable for 2019-20 Special Variation and Minimum Rate Variation applications has been released. The Guidelines that apply to 2019-20 Special Variation and Minimum Rate Variation applications have been published.
18-20 – Guidance to councils on transitioning to the new Australian Accounting Standards
The Office of Local Government has prepared a Guidance Paper, which provides councils with specific direction on adopting the new standards.Further guidance material and information on the new standards will be provided in 2018-19.
18-17 – End of Year Financial Reporting 2017-18
End of year financial reporting information has been updated for 2017-18. 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).
18-04 – OLG Financial Reporting Roadshows 2018
The Office of Local Government (OLG) is conducting a series of information sessions in March 2018 on impending Accounting Standards and the auditing of financial statements.There will also be an opportunity at the sessions to discuss accounting issues and provide input into OLG’s financial reporting policy and guidelines.
17-35 – Special Variation and Minimum Rate Variation Guidelines and Process for 2018/19
The timetables for 2018/19 Special Variation and Minimum Rate Variation applications have been released. The Guidelines that apply to 2018/19 Special Variation and Minimum Rate Variation applications have been published.
17-36 – Annual Code of Conduct Complaints Reporting
Under the Model Code of Conduct Procedures, each council’s complaints coordinator must report annually on a range of complaint statistics to their council and to the Office of Local Government within three months of the end of September.
17-28 – 2017-2018 Calendar of Compliance and Reporting Requirements
The 2017-18 Calendar of Compliance and Reporting Requirements is now available for councils.
17-27 – End of Year Financial Reporting 2016-17
End of year financial reporting information has been updated for 2016-17. The Financial Data Return (FDR) 2016-17 has also been updated to reflect the changes within the Local Government Code of Accounting Practice and Financial Reporting (Update No. 25). Additional worksheets have been included to capture the assets, liabilities and rating information of new entities.