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10-32 Quarterly Budget Review Statement

Date: Friday 10th December 2010
Category: Council Circular

Recently the Division of Local Government issued draft Quarterly Budget Review Statement Guidelines (QBRS) for industry comment. A number of submissions were received during the consultation period. All submissions received were reviewed and comments considered.

The QBRS will facilitate progress reporting against the original and revised annual budgets at the end of a quarter. They will also provide explanations for major variations that result in recommendations for budget changes and enable the responsible accounting officer to indicate if council will be in a satisfactory financial position at the end of the financial year, given the changes to the original budgeted position. Read more...


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