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LOCAL GOVERNMENT FINANCE NEWS
Local General Government Balance Sheet , 2010-11 and 2011-12
More financial and function data are published in Government Finance Statistics, Australia (cat. no. 5512.0).
The ABS conducts a quarterly survey of financial information from a selected sample of councils each quarter. Reminders for the next round of quarterly survey data will be despatched in December. Responses are required by 9 January 2014. Early attention to the survey forms enabling a timely return to the ABS will ensure that the financial activity of local government is accurately represented in Australia's National Accounts.
The ABS thanks councils for their cooperation in providing timely and high quality data for these collections. The information provided is used in making important policy decisions concerning the sector and it is important that accurate and timely information is returned by councils to build this data set.
Government Finance Statistics Review
The ABS collects and publishes local government financial data in line with the Australian Government Finance Statistics (GFS) system. Application of this system facilitates consistent data across all levels of government, and allows for international comparison of government finance statistics.
This system is currently being reviewed to incorporate changes to international standards for compiling GFS as well as recent changes to the System of National Accounts. This review will result in changes to published GFS data, and may also require changes in data collected from local government. The updated GFS system is expected to be implemented from the 2015-16 collection.
Local Government Finance Statistics Review
In conjunction with the GFS review, the Local Government Statistics Unit will be undertaking a review of data requirements relating to local government finance statistics. Over time, data needs and priorities change and so this review will involve analysis of current and emerging priorities in relation to local government finance data, and an assessment of how well the current collection aligns with these. The review is expected to be undertaken this financial year.
For further information or inquiries about Local Government Statistics, contact the Local Government Statistical Unit on (07) 3222 6113 or email firstname.lastname@example.org.
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