Quarterly Budget Review Statements – Consultation Guide – Submission on the Consultation Guide

 

What is this all about?

Councils manage significant finances on behalf of their communities and play a pivotal role in making sure public money is directed to the assets and services most at need.

The people of NSW rightly expect their elected officials to have effective oversight and be in control of the financial performance of their council.  To do this a robust performance monitoring framework needs to be in place to ensure transparency, build trust and minimise risk.

The draft Quarterly Budget Review Statement Guidelines for Local Government (the draft Guidelines) have been revised to ensure council staff report clearly and consistently to their councillors and communities.  The draft Guidelines outline the purpose and value of effective financial reporting, highlight roles and responsibilities, and establish standardised Quarterly Budget Review Statement (QBRS) reporting templates.

 

Draft Guidelines and  Consultation Guide

 

Who are we seeking feedback from?

OLG has prepared a Consultation Guide to encourage discussion and generate feedback from the local government sector and key stakeholders about the draft Guidelines and the proposed changes

Submissions have now closed.