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Successive Local Government Acts since 1874 have required municipalities to prepare a statement showing their financial position for each year ending the 30th September.Annual Statements are audited and then presented to council where they are certified as correct by the Shire President/Mayor, the Town Clerk and the Treasurer.
Section 421 of the Local Government Act 1915 stipulated that councils balance their accounts to the 30 September every year. Contained within each statement of balance was to be the following type of information;
"....an account of all accounts made, contracts entered into, moneys received and moneys paid by the council during the preceding year, and of all assets and liabilities of the municipality..."
The following sections of the same legislation further directed that auditing be carried out on such documents soon after their completion and that auditor's signatures be affixed to the aforesaid documents to prove their validity.
Since 1968 the presentation of the various statements comprising the Annual Statement of Accounts has been prescribed by the successive Municipal Accounting Regulations.
Data time period:
[1980 TO 1993]
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