Part 2General financial management — s. 6.10

Part 2 — General financial management — s. 6.10

5A. Local governments to comply with AAS 4

5. CEO’s duties as to financial management 4

6. Audits and performance review of accounting staff etc., who may conduct 5

7. Separate ward accounts not to be kept etc. 5

8. Separate bank etc. accounts required for some moneys 6

9. Each trading undertaking and major land transaction to have separate financial records 6

10. Money received, how to be dealt with 6

11. Payments, procedures for making etc. 6

12. Payments from municipal fund or trust fund, restrictions on making 7

13. Payments from municipal fund or trust fund by CEO, CEO’s duties as to etc. 8

13A. Payments by employees via purchasing cards 9

14. Information in annual budget and annual financial report 9

15. Figures in annual budget and financial report must be rounded 10

17A. Valuation of certain assets for financial reports 10

17B. CEO to take steps to protect excluded portable and attractive assets 13

17. Title of reserve accounts 13

18. When local public notice not required for change of use of money in reserve account (Act s. 6.11(3)(b)) 13

19. Investments, control procedures for 14

19AA. Inspector’s approval required to write off repayment of advance payment (Act s. 6.12(4)) 14

19A. Maximum rate of interest prescribed (Act s. 6.13(3)) 15

19B. Interest on money owing, calculating (Act s. 6.13) 15

19C. Investment of money, restrictions on (Act s. 6.14(2)(a)) 16

19D. Prohibitions on certain payments connected with legal matters (Act s. 6.14A) 16

20. When local public notice not required for exercise of power to borrow (Act s. 6.20(2)(a)) 18

21. When local public notice not required for change of use of borrowed money (Act s. 6.20(4)(b)) 19