Circulars

18-17 – End of Year Financial Reporting 2017-18

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