sec.179Community financial report

### sec.179 Community financial report A local government 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 local government’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 local government 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 local government for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the local government for the financial year. s 179 amd 2023 SL No. 56 s 12 (sec.179-ssec.1) A local government must prepare a community financial report for each financial year. (sec.179-ssec.2) The community financial report for a financial year must— contain a summary and an analysis of the local government’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 local government for the financial year; and be written in a way that can be easily understood by the community. (sec.179-ssec.3) For subsection (2) (c) , a measure of financial sustainability applies to the local government for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the local government for the financial year. - (a) contain a summary and an analysis of the local government’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 local government for the financial year; and - (d) be written in a way that can be easily understood by the community.