Asset Management and Financial
Asset Management Guidelines
These Guidelines form part of a suite of best practice guidelines developed to provide support to local governments in their asset management.
- 2006 Local Government Asset Investment Guidelines (PDF 1.38mb) and Local Government Asset Investment appendices (PDF 209kb)
- 2006 LG Investment Guidelines Business Forecasting Model (Excel 27kb)
- 2006 Guidelines for Reporting and Measuring the condition of Road Assets (PDF 775kb)
- 2006 Accounting for non-current physical assets under AASB 116 (PDF 165kb)
- 2004 Guidelines for Developing an Asset Management Policy, Strategy and Plan (PDF 1.6mb)
- Guidance Note – Fair Value Asset Valuation Methodologies for Victorian Local Governments (PDF 508kb)
- 2006 Accounting for non-current physical assets under AASB 116 (PDF 165kb)
- Asset Management Initiative Brochure (PDF 270kb)
- Sustaining Local Assets: Local Government Asset Management Policy Statement (PDF 400kb)
Financial Reports and Standard Statements
The model Financial Reports and Standard Statements are produced to assist councils.- 2012 Model Financial Report (PDF 783kb) or 2012 Model Financial Report (Excel 1.2MB)
- 2011 Model Financial Report (Excel 1.2 MB)
- 2010 Model Financial Report (PDF 416 kb) or 2010 Model Financial Report (Excel 1063 kb)
- 2009 Model Financial Report (PDF 381 kb) or 2009 Model Financial Report (Excel 1239 kb)
- 2008 Review AASB7 Financial Instruments - Disclosures (Word 235 kb)
- 2008 Model Financial Report (PDF 373 kb)
- 2007 Model Financial Report (PDF 247 kb)
- 2006 Model Financial Report (PDF 337kb)
- 2006 Standard Statements (PDF 27kb)
- 2004 Standard Statements – A Guide (PDF 1.1mb)
- Impact of GST on Local Government (PDF 249kb)
Local Government (Rating Arrangements under the Electricity Industry Act 2000) Review Panel, Final Report – May 2005
In August 2004, a panel was appointed to review the framework currently applied under the Electricity Industry Act in the determination of amounts to be paid by electricity generators in lieu of council rates. The central part of the panel’s task was to see whether or not it was possible to develop a clearer and more robust basis for the payment amounts. This document is available online only.
Best Practice Guidelines
- Audit Committee: A Guide to Good Practice for Local Government
To access Guide, visit the Victorian Government Gazettes - Archives 2011
and scroll down to Special Gazette Number S34 Dated 8 February 2011. - Local Government Procurement Best Practice Guideline (PDF 192 kb) or (Word 736 kb) (August 2008)
- Local Government Best Practice Guideline for the Sale and Exchange of Land (PDF 199 kb) or (Word 751 kb) (June 2009)
- Best Practice Guidelines Local Government Entity Audit Committee and Internal Audit (PDF 112kb) (2000)
- Benchmarking for Local Government – A Practical Guide (PDF 58kb) (2001)
A Guide to Achieving a Whole of Organisation Approach to Best Value
- A guide to achieving a whole of organisation approach to Best Value (August 2006) (PDF 269kb) is a valuable reference for Councils in taking a more integrated approach to Best Value. The development of the Guide also reflects the Government’s commitment to working in partnership with Local Government.