Local governments deliver a wide range of services to their communities, such as recreational and cultural facilities, waste management, family and community services, and infrastructure including roads and bridges.
Councils fund services through a combination of rates, charges and fees, and payments from the state and Commonwealth governments.
Local governments deliver a wide range of services to the community, such as recreational and cultural facilities, waste management, family and community services, and local infrastructure including roads and bridges. In 2017–18, Victoria's 79 councils collectively spent $8.5 billion on service delivery, and owned and maintained $102.1 billion worth of assets and infrastructure.
| Baw Baw | Baw Baw Shire Council |
| Casey | City of Casey Council |
| CRM | customer request management |
| DELWP | Department of Environment, Land, Water and Planning |
| DHHS | Department of Health and Human Services |
| Horsham | Horsham Rural City Council |
| IT | information technology |
| KPI | key |
Our dashboard is an interactive visualisation tool summarising the financial statement data for Victoria’s 79 councils.
We grouped councils into five cohorts based on size, demographics and funding:
Ordered to be published
VICTORIAN GOVERNMENT PRINTER December 2018
PP No 2, Session 2018
Dear Presiding Officers
Responsibility of public entities to achieve their objectives in reliability of financial reporting, effectiveness and efficiency of operations, compliance with applicable laws, and reporting to interested parties.
An audit opinion expressed if the auditor has sufficient appropriate audit evidence and concludes that misstatements, individually and in aggregate, are both material and pervasive in the financial report.
This appendix sets out the definitions and criteria we used to assess and report on financial sustainability risks across the local government sector.
These financial sustainability indicators are only indicative, highlighting ongoing and emerging financial sustainability risks at a sector and cohort level—metropolitan, interface, regional, large shire and small shire councils.
Figure D1 shows the risk ratings applied to issues raised in management letters. It also details what they represent and the expected time lines for the issue to be resolved.
Figure D1
Risk definitions applied to issues reported in audit management letters
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Rating |
Description |
Management action required |
|---|
Figure C1
Financial reporting maturity framework
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Component |
Risk definition |
|||
|---|---|---|---|---|
|
Developing |
Intermediate |
Mature |
Advanced |
|
|
Policies and procedures | ||||
Figure B1 lists the entities included in this report. It details the date an audit opinion was issued to each entity in the sector for their financial and performance reports for the year ended 30 June 2018, and the nature of the opinion issued.
Figure B1
Audit opinions issued for the local government sector for the year ended 30 June 2018
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Entity |
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