DG & AB Maxwell

Consulting Accountants

Specialists in
Local Government
Management,
Administration & Finance

PO Box 5450
Wagga Wagga NSW 2650

Email: davemax@ozemail.com.au

Coalface Software Solutions are designed to simplify and speed up your work, while providing comprehensive working papers to meet all internal and external audit requirements.

All Coalface Software Solutions were originally designed to resolve real live problems at real live councils - just like yours.

All Coalface Software Solutions come with a 30 day money back guarantee so you can test them to be sure they meet your needs.

Prompt delivery on receipt of official Council order.

Products

Long Term Financial Planning model

Version 3

Versions 1 & 2 of the SALG Financial Management Group Long Term Financial Planning Model were originally prepared to their specifications by Jigsaw Services Pty Ltd, and have been widely used by South Australian Councils, and by many Councils in other States.

Following significant changes to the Australian Accounting Standards that have impacted on the format of the principal statements, Coalface were approached to update the Model to meet the new requirements, and to enhance the flexibility and ease of use.

We are proud to announce that beta testing is almost complete, and the release of the LTFP version 3 is imminent, and that we are now accepting firm orders. The LTFP version 3 is available to Councils in other States at a price well below the development cost.

Version 2 features retained and improved

  • Choice of 3, 5, 10, 20 or 30 year projections
  • New initiatives - single year or ongoing effect
  • One-off budget adjustments in any or all future years
  • Provision for productivity savings adjustments
  • Automatic integrity checks to ensure reports all balance
  • Automatic calculation of Financial Indicators - display as dashboard or graphically

    Reports - all automatically prepared - include
  • Income Statement & Statement of Comprehensive Income
  • Balance Sheet
  • Statement of Changes in Equity
  • Statement of Cash Flows
  • Summary Statement including financial transactions

    Version 3 new and enhanced features

  • Suitable for use in ALL States
  • Flexible format accommodates future changes to Code / Manual / Model statements presentation
  • Improved linking between functional classifications & transaction types
  • Inflation adjustments - your choice of up to 5 factors, separately or in combination
  • Optional automatic depreciation calculation
  • Use your own budget line item descriptions
  • Improved projection facilities for current assets and current liabilities
  • Optional automatic employee benefits liabilities calculation
  • Enhanced projections for assets, provisions, reserves
  • Comprehensive User Guide

    NO ONGOING COSTS!! FREE TELEPHONE SUPPORT!!

    $3,000 (excluding GST) $3,300 (including GST)

    Just click here for an order form or here for further information.



    Users please note:

    The current version is 3.0.3
    If you are using expense budget lines 51 - 75 you may generate a false table reference. Please email your file to Coalface for us to make the correction.
    A patch is being prepared and will be supplied soon - probably before the end of April.

    Coalface Software & Training Solutions Pty Ltd (ABN 17 108 805 090) have been appointed sole agents for the supply, training and support for the SALG FMG Long Term Financial Planning Model.

    We have detected a formula bug in versions before 3.0.2 that affects transfers to and from reserves and accumulated surplus.
    If you have an earlier version, please return your original CD and we will forward a replacement.