the proposed percentage change for service rates and charges compared to that of the previous financial year 3 8(d) Other Clarify that councils should Amend 8(d) to: matter to be compare the revised budget in the case of a revised budget, included to the previously adopted matters referred to in budget budget paragraph (c) as applicable to any rates and charges to be levied as compared to the previously adopted budget. 4 9 Public notice Public notice for budget and Amend 8(c) to include sections revised budget could be which will significantly reduce the streamlined disclosures required in the public notice. Include a new requirement at 9(2) for the council to make the budget and revised budget available on its website and at its premises 5 New term budget’ Remove all reference to ‘proposed ‘proposed’ introduced in the budget in Regulation 8 and 9 Regulations, with no definition provided Part 4 Annual Report 6 11 General Senior officers misspelt in Amend 11(e)(ii) with correct spelling information 11(e)(ii) 7 Include website address in Amend 11(f) to include Internet 11(f) website address 8 14 to the Expand 14(b) to show Include new provision after 14(b) financial operating and capital that requires councils to further statements disclosure as well disclose grants and subsidies between operating and capital nature 9 Include provision to require For the annual report only, as a note reporting of capital works to the financial statement, require expenditure by class. Also councils to disclose capital require reporting of type of expenditure by class of asset. Within asset expenditure type those classes, to report expenditure by: Asset renewal Asset upgrade expansion New assets 10 Retain provision to report For the annual report only, as a note budget versus actual for to the financial statements, disclose revenue and expense and revenue and expenses as set out in explain material variances the comprehensive income statement prepared under 127(2)(a) that shows variations from the budget and if the variation is material, explain the reasons for the variation 11 As a result of item 10) Remove requirement to explain above, remove requirement material variances between budget to explain material and actual in a statement of variation variances between budget to the financial performance and actual in relation to the indicators. financial performance indicators in the performance statement
the proposed percentage change for service rates and charges compared to that of the previous financial year 3 8(d) Other matter to be included budget Clarify that councils should compare the revised budget to the previously adopted budget Amend 8(d) to: in the case of a revised budget, matters referred to in paragraph (c) as applicable to any rates and charges to be levied as compared to the previously adopted budget. 4 9 Public notice Public notice for budget and revised budget could be streamlined Amend 8(c) to include sections which will significantly reduce the disclosures required in the public notice. Include a new requirement at 9(2) for the council to make the budget and revised budget available on its website and at its premises 5 New term ‘proposed budget’ introduced in the Regulations, with no definition provided Remove all reference to ‘proposed’ budget in Regulation 8 and 9 Part 4 Annual Report 6 11 General information Senior officers misspelt in 11(e)(ii) Amend 11(e)(ii) with correct spelling 7 Include website address in 11(f) Amend 11(f) to include Internet website address 8 14 to the financial statements Expand 14(b) to show operating and capital disclosure as well Include new provision after 14(b) that requires councils to further disclose grants and subsidies between operating and capital nature 9 Include provision to require reporting of capital works expenditure by class. Also require reporting of type of asset expenditure type For the annual report only, as a note to the financial statement, require councils to disclose capital expenditure by class of asset. Within those classes, to report expenditure by: Asset renewal Asset upgrade expansion New assets 10 Retain provision to report budget versus actual for revenue and expense and explain material variances For the annual report only, as a note to the financial statements, disclose revenue and expenses as set out in the comprehensive income statement prepared under 127(2)(a) that shows variations from the budget and if the variation is material, explain the reasons for the variation 11 As a result of item 10) above, remove requirement to explain material variances between budget and actual in relation to the financial performance indicators in the performance statement Remove requirement to explain material variances between budget and actual in a statement of variation to the financial performance indicators.
RIS-Local-Government-Planning-and-Reporting-Regulations-2014.docx