Second Report of the Auditor-General for the year ended 30 June ...

Report Page Subject
LATROBE VALLEY WATER AND SEWERAGE BOARD
1981-82 32 All office and laboratory equipment
and furniture should be recorded in
the asset registers.
32 The failure to keep a satisfactory
register to record all agreements and
charges due to the Board resulted in
the noninvoicing of certain charges
for interest, redemption and
depreciation.
32 Weaknesses in internal control in respect
of salaries and other experxjiture.
1982-83 35 Loan from State Development Fund -
estimated net interest cost to the
Board of $6 800 per month on unspent
loan funds pending resolution as to
whether the Board or the Rural Water
Commission is to be responsible for
construction of works.
35 Some investments of the Board were not
in a form authorised by the Latrobe
Valley Act 1958.
35 Practice of Board to allow issuing
bank or dealer to retain possession
of ccmmercial bills purchased is
corisidered unsatisfactory.
35 Incomplete asset registers for
"permanent works" items.
MELBOURNE AND METROPOLITAN BOARD OF
WORKS
April 84 64 Sundry Accounts Department - delays in
the raising of debtors for financed
arxl chargeable works arxj in follow-up
action for some outstarxling debts.
STATE ELECTRICITY COMMISSION
1982-83 67 Certain aspects of the Caimission's
accounting policy for self insurance
may be contrary to Australian
Accounting Standards and further
research is required on the subject.
17
Status at Date of
Preparation of this
Report
Position unchanged.
Position unchanged.
Position now
satisfactx)ry.
The majority of the
loan funds was
experxJed on capital
works during
1983-84.
Position now
satisfactory.
Position rxDw
satisfactory.
Position unchanged.
Position unchanged.
The Comission has
revised its
accounting policy
for self insurance
which is now
consistent with
Aust:ralian Accounting
Standards