Welcome! We're glad you chose to join us
Please select a link from above to learn more about the ways we can help you
INTEREST RATES for PRESENT VALUE calculations
Government Securities Interest Rates for the calculation of present values
for employee benefits and other discounted cash flow calculations as at 30
June 2010. click here.
For previous year rates click here
We wish all Councils the best as they enter this challenging period, and will provide all the assistance that we can.
Office Relocation completed!
It happened at a most inconvenient time, but we are now back fully online. Please note our new telephone numbers:
Phone: (02) 6925 5646
Fax: (02) 6925 5647
2010 NSW Financial Statements templates available
Templates released 19 July 2010. click here
2010 SA Financial Statements templates available
The Minister approved the 2010 Model Statements on 3 May 2010.
A copy is available for download - click here
Templates released 22 June 2010. click here
2010 NT Financial Statements templates available
Templates released 30 June 2010. click here
NSW Annual Statements Award 2009
Congratulations to Dungog Shire Council, winner from Camden Council.
Penrith City Council Randwick Council and Warringah Council were also highly commended by the judges.
For the Judges' comments, and to view the Roll of Honour - past winners and honourable mentions - click here.
NSW Annual Statements Training Courses
Following requests made at the NSW Finance Professionals Conference, we have made a partial resumption of our NSW training course schedule.
One day courses are scheduled for:
Bathurst - 12 July 2010;
Wagga Wagga - 14 July 2010
For further information click here
Registrations close 5 July 2010
SA Annual Statements Training Courses
Our training course schedule for South Australia has been finalised - for further information click here
Courses at Murray Bridge, Port Pirie, Wudinna & Naracoorte, 29 April - 7 May have been successfully completed.
Metropolitan (one day) courses at Clapham & Regency Park, 7 & 8 June have been successfully completed.
We thank all registrants for their participation.
Income from Non-Exchange Transactions (Taxes and Transfers)
Since AAS 27 first came on the scene, the treatment of grants revenue has been an ongoing bone of contention.This exposure draft gives us a chance to make sure that the AASB gets it right!
To view our submission to the AASB click here
Australian Infrastructure Financial Management Guidelines
IPWEA (Institute of Public Works Engineering Australia) have released these guidelines and we understand that they are now - or soon will be - the required minimum professional standard for use by their members.The guidelines provide straightforward explanations of the accounting implications of the engineering facts, and we think provide a sound link.
For accountants it will be much easier to refer our engineering colleagues to the IPWEA guidelines, than to fossick through the Accounting Standards.
After a quick read, we feel that the accounting contents are quite suitable, and we only have qualms about petty detail that won't affect the broad picture.
We encourage all Councils to ensure that the guidelines are followed. Copies are available from www.ipwea.org.au/AIFMG
They are quite pricey ($590 + post/handling + GST) but, we think, cheap at the price.
We expect that the various Codes, Model Statements, Manuals etc. in different jurisdictions will adopt many of the definitions in years to come.
ARE THE ENGINEERS TELLING ACCOUNTANTS HOW TO DO THEIR JOB? click here
Our 2010 Annual Statements training courses will include sessions on the contents of the guidelines, and the best way to use them.
NSW Rates Officer Training
Specialist training for NSW Rates Officers - a three day course covering all aspects of this position. For a course synopsis and registration form, and future course dates and locations, click here.Our next scheduled course will be held in September 2010.
The course location has not yet been determined, and we welcome expressions of interest.
LAND under ROADS - the saga continues
Councils in Northern Territory, Queensland, South Australia and Western Australia will NOT be recognising land under roads - either acquired before or after 1 July 2008.
Circular 09/25 (released 23 June) now gives New South Wales Councils the option on whether to recognise land under roads
or not.
Consider carefully whether you have "a method of reliable measurement for
fair value of land under roads ... on a sector-wide basis" before making an election to recognise, as it would be embarrassing
to elect to recognise this year, and then reverse it.
Our annual statements templates will make provision for either election.
Our last information for Victoria is that a method of assessing a value for land under roads had been developed but adoption was being delayed due to concerns whether it provided a reliable basis.
We have prepared an analysis of the disclosures made by some NSW Councils for land under roads in their 2009 Statements. click here
ANNUAL FINANCIAL STATEMENTS
Work on our 2010 Annual Financial Statements templates has commenced.
We welcome comments and suggestions for further improvements.
New South Wales
- for further information click here Orders
being accepted now.
There will be a minor delay to our release date (after 9 July) because we can't do so until after the DLG has released its data file to Councils.
We understand that this will not be long delayed.
Northern Territory - click here Orders being accepted now.
Our templates released
30 June 2010
South Australia - click here Orders being accepted now..
2010 Model Statements have been signed off by the Minister.
Our templates released 22 June 2010.
PLANT REPLACEMENT PLANNING
Developing alternative scenarios for the future replacement of plant is an integral component of any Long Term Financial Plan.
Now Coalface makes it easy for you.
Just enter your estimates, and our templates will calculate your required annual commitment for plant replacements instantly!
Further information and order form - click here
NSW RATES ADMINISTRATION CLUEBOOK
Coalface® Cluebooks™ are an entirely new concept in the provision of practical
assistance to Council staff.
References to legislation, regulations, circulars
and case law are located together in logical topic order, to permit you to
quickly get to the heart of the problem and identify the authoritative source.
click
here
us now to keep right up to date