Financial Guidance for Councils

In accordance with the Local Government Act 1993, councils are required to follow principles of sound financial management. Councils must ensure its spending is responsible and sustainable, undertake responsible and sustainable investments in infrastructure for the benefit of the local community, implement effective financial and asset management, and have regard to achieving intergenerational equity.

The Office of Local Government provides guidance, procedures and guidelines to councils to assist them in ensuring that all principles of sound financial management are followed. Councils should also refer to the information on Integrated Planning and Reporting for information on long term financial planning, delivery plans and operational plans.

Financial Guidance for Councils


Capital Expenditure

Council Loans

Debt Management And Hardship Guidelines

Financial Assistance


Rating and Special Variations

Tendering and Procurement

Quarterly Budget Review Statements (QBRS)

Integrated Planning and Reporting

GST Reporting

Credit Cards

Financial Reporting

Accurate and timely financial reporting provides vital information to a council’s stakeholders as to its financial position, outlook and performance. It is an important tool used in ensuring that councils are made accountable for their actions.

The Local Government Act 1993, Local Government (General) Regulation 2005, the Local Government Code of Accounting Practice and Financial Reporting and the Australian Accounting Standards provide councils with guidance.

Councils can also access additional information that supports financial reporting through the links on this page.

Financial Reporting


Local Government Code of Accounting Practice and Financial Reporting

Asset Management

Calendar of Compliance and Reporting Requirements

Frequently Asked Questions