Changes to City Financial Reporting Strategy
von Tony Nottle
1. Financial Ratios
1.1. Debt Ratio
1.2. Current Ratio
1.3. Operating Surplus Ratio
1.4. Asset Consumption Ratio
1.5. Asset Sustainability Ratio
2. Reserve Accounts
2.1. Asset Management Reserves
2.2. Funding Operating from Reserve
2.3. Impacts on Ratios
2.3.1. Leave funds in municipal account
2.3.2. Qualify the annual report
2.3.3. Over estimate of AMP required
3. Finance Committee
3.1. Expectations
3.2. Responsibility
3.2.1. Oversight
3.2.2. Advice and Strategy
4. Residents, Ratepayers and Community
4.1. Community expectation
4.2. Services
4.3. Openness & accountability
4.4. Education
5. Risk Factors
5.1. Reputational risk
5.2. Financial projection error
5.3. Projects in jeopardy
6. Statutory Environment
6.1. Accounting Standards
6.1.1. Annual Reporting
6.1.2. Budget
6.2. Local Government Act 1995
6.2.1. Local Government (Financial Management) Regulations 1996
6.2.2. Department Guidelines No. 18 (Ratios)
7. City Personnel
7.1. CEO & Executive
7.2. Finance Team
7.2.1. Data Analysis
7.2.2. Scenarios
7.2.3. Modelling