201Annual budgets

201 Annual budgets (1) A council must prepare a budget for each financial year. (2) The budget for a particular financial year must: (a) outline: (i) the council's objectives for the relevant financial year; and (ii) the measures the council proposes to take, during the financial year, towards achieving those objectives; and (iii) the indicators the council intends to use as a means of assessing its efficiency in achieving its objectives; and (b) contain the projected statement of income and expenditure for the financial year, differentiating between operating and capital expenditure; and (c) list the council's fees for services and the estimates of revenue from each of those fees; and (d) state the amount to be allocated to the development and maintenance of infrastructure for the financial year; and (e) state the amount the council proposes to raise by way of rates, and set out the rates structure, for the financial year; and

Local Government Act 2019 116 (f) include an assessment of the social and economic effects of its rating policies; and (g) state the allowances for members of the council for the financial year and the amount budgeted to cover payment of those allowances; and (h) separately provide for a budget for each local authority established by the council (if any); and (ha) include any other information required by any guidelines that the Minister may make or as prescribed by regulation; and (i) be in a form required by any guidelines that the Minister may make or as prescribed by regulation.