Internal Financial services and insurance in local government : good practice guide
Overview
This better practice guide was tabled on 1 June 2005.
The document on this page is historical only and does not represent current better practice.
Local governments are faced with an ever-increasing amount of information in their everyday work. Much of this is financial information, derived from transactions and other economic events. Councillors, chief executives and managers need to be adept at collecting, analysing, interpreting and applying this information and it is an increasingly complex challenge. This guide has been developed for both the preparers and the users of financial information. This guide sets out four steps that local government should take to establish, or to review, its internal financial reporting practices. It includes a check list to support each step, as well as model internal financial reports that are based on good practices. These can be adapted to meet the particular needs of each local government.