Annual Report 2009/2010 - Hawkesbury City Council - NSW ...

Component 19 - Accounting Services
Officer: Chief Financial Officer
Service Statements Key Performance Indicators Target Progress
4.2 Assess the adequacy of
and strategically manage
Council's Reserves.
4.3 Assess Council's
compliance with taxation and
other regulatory legislation.
Reconciliation of
Reserves within 5 days of
EOM.
BAS and Diesel Fuel
submitted by due date.
Target achieved - For 2009/2010
reconciliations have been
performed. Reserves are
reported to MANEX on a monthly
basis.
Target achieved - For 2009/2010
all statutory deadlines have been
complied with.
FBT submitted by due
date.
Target achieved - For 2009/2010
all statutory deadlines have been
complied with.
5. Cash Management - To
ensure Council has
sufficient cash resources to
meet future commitments
5.1 Assess the effectiveness
of Council's cash flow
management.
ABS and DLG returns
submitted by due date.
Bank Reconciliation within
5 days of EOM.
Target achieved for June 2009
Statutory Accounts. The June
2010 Statutory Accounts are on
target.
Target achieved - For 2009/2010
reconciliations have been
performed and signed off by
senior Finance staff.
Unrestricted Current Ratio
> $2m (industry
benchmark).
Target achieved.
6. Financial Reporting - To
provide statutory financial
accounts to stakeholders in
compliance with the
legislative requirements.
6.1 Ensure that financial
reporting is timely and
accurate.
Statutory financial reports
submitted by due date.
Target achieved for June 2009
Statutory Accounts. The June
2010 Statutory Accounts are on
target.
6.2 Ensure that audit
recommendations are
implemented in a timely
manner.
Audit recommendations
implemented by due date.
There were no audit
recommendations from PWC -
the external auditors.
6.3 Assess the effectiveness
of Council’s financial
management practices and
policies and compliance with
prescribed legislation.
Unqualified Audit Opinion. Target achieved for June 2009
Statutory Accounts. An
unqualified audit opinion was
received by PWC - the external
auditors.
2009/2010 Annual Report Page 49