sec.171Community financial report

sec.171 Community financial report

The council must prepare a community financial report for each financial year. The community financial report for a financial year must— contain a summary and an analysis of the council’s financial performance and position for the financial year; and be consistent with the general purpose financial statement for the financial year; and include each measure of financial sustainability applicable to the council for the financial year; and be written in a way that can be easily understood by the community. For subsection (2) (c) , a measure of financial sustainability applies to the council for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the council for the financial year. s 171 amd 2023 SL No. 56 s 6 (sec.171-ssec.1) The council must prepare a community financial report for each financial year. (sec.171-ssec.2) The community financial report for a financial year must— contain a summary and an analysis of the council’s financial performance and position for the financial year; and be consistent with the general purpose financial statement for the financial year; and include each measure of financial sustainability applicable to the council for the financial year; and be written in a way that can be easily understood by the community. (sec.171-ssec.3) For subsection (2) (c) , a measure of financial sustainability applies to the council for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the council for the financial year.

• (a) contain a summary and an analysis of the council’s financial performance and position for the financial year; and
• (b) be consistent with the general purpose financial statement for the financial year; and
• (c) include each measure of financial sustainability applicable to the council for the financial year; and
• (d) be written in a way that can be easily understood by the community.