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This report contains the results from the annual audit of local
government financial reports and performance statements, and
is the first of three reports prepared for Parliament each year on
the audits of state and local government agencies. The report
includes an analysis of all 79 local councils against five
indicators of financial sustainability and looks at each council’s
results for the past five financial years, as well as looking
forward using each council’s strategic resource plans. The results
of this analysis showed an improved financial sustainability
position with no councils rated as a high risk of being
unsustainable in the medium- to long-term. The number of councils
rated as a moderate risk also declined from 18 to
15.
The report also analysed the financial
sustainability of the 12 regional
library corporations showing two with immediate viability concerns
and a further five with medium- to long-term sustainability
concerns.
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