Western Australian Current Regulations Western Australian Current Regulations The annual budget for
a financial year must include or be accompanied by notes
detailing —
(a) if
the local government is to charge interest for the late payment of a rate or
service charge —
(i)
the rate of interest; and
(ii)
an estimate of the total amount of revenue from the
imposition of the interest;
and
(b) if
the local government is to charge interest under section 6.13 for the
late payment of any amount of money —
(i)
the rate of interest; and
(ii)
an estimate of the total amount of revenue from the
imposition of the interest;
and
(c) the
instalment options of the local government under section 6.45
including —
(i)
the due dates of each instalment under each option;
and, where
applicable —
(ii)
the rate of interest; and
(iii)
the additional charge; and
(iv)
an estimate of the total amount of revenue from the
imposition of the interest and additional charge;
and
(d) in
relation to the disposal of a class of assets —
(i)
the net book value of that class of assets; and
(ii)
an estimate of the sale price of the class of assets; and
(iii)
an estimate of the profit or loss on the sale of that
class of assets;
and
[(e) deleted]
(f) in
relation to the borrowings of the local government, the information set out in
regulation 29; and
(g) in
relation to each reserve account, an estimate of —
(i)
the opening balance brought forward on 1 July; and
(ii)
the amount to be set aside during the financial year; and
(iii)
the amount to be used during the financial year; and
(iv)
the closing balance at 30 June;
and
(ga) in
relation to each reserve account, the purpose of the account and whether the
purpose is —
(i)
related to a government policy or direction, a written
law or an agreement; or
(ii)
any other purpose;
and
(gb) in
relation to all of the reserve accounts with a purpose referred to in
paragraph (ga)(i), a combined total of each of the amounts referred to in
paragraph (g); and
(gc) in
relation to all of the reserve accounts with a purpose referred to in
paragraph (ga)(ii), a combined total of each of the amounts referred to
in paragraph (g); and
(h) if
all or part of the money in a reserve account is to be used or set aside for a
purpose other than the purpose for which the account was
established —
(i)
the proposed purpose; and
(ii)
an estimate of the amount to be used or set aside; and
(iii)
the objects of, and reasons for, the change of use or
purpose;
and
(i)
separately, in relation to each trading
undertaking —
(i)
in the form of an income statement, projected revenue and
expenditure; and
(ii)
such other information as is necessary to provide full
and complete information on the undertaking;
and
(j) in
relation to each major trading undertaking, all other estimated revenue and
expenditure which is not included in the income statement referred to in
paragraph (i)(i) but which has been used in the pricing structure for
goods or services to be provided by the undertaking; and
(k)
separately, in relation to each major land transaction (according to nature
classification) —
(i)
an estimate of revenue and expenditure for the financial
year; and
(ii)
where the transaction was initially entered into in a
previous financial year, the estimated assets and liabilities at 1 July
of the year for which the annual budget is prepared; and
(iii)
such other information as is necessary to provide full
and complete information on the transaction;
and
(l) in
relation to fees, expenses or allowances proposed to be paid to council
members, the mayor or the president, for each person —
(i)
the nature of the fee, expense or allowance; and
(ii)
an estimate of the total amount or value of each class of
fee, expense or allowance;
and
(m) in
relation to each program, the type of activities within the program; and
(n) in
relation to depreciation on non‑current assets, an estimate of the
depreciation for the financial year included in the operating expenditure for
each program in the income statement.
[Regulation 27 amended: Gazette
20 Jun 1997 p. 2840; 31 Mar 2005 p. 1048 and
1053; 20 Jun 2008 p. 2723; SL 2020/213 r. 32;
SL 2023/106 r. 12 and 31.]
[ 28. Deleted: SL 2023/106 r. 13.]