Local council financial management: assessing the impact of policy change and proposed amalgamations

Jones, Greg and Bowrey, Graham and Beattie, Claire and Smark, Ciorstan (2016) Local council financial management: assessing the impact of policy change and proposed amalgamations. Australasian Journal of Regional Studies, 22 (3). pp. 355-374. ISSN 1324-0935

Abstract

New South Wales (NSW) councils are tasked with providing a wide range of resources and services to their communities. However, the conditions and rules under which councils are allowed to operate are not constant. Changes in state government policies and political affiliation have the capacity to alter the focus and rules under which councils function. Political and economic events result in new and sometimes radically different requirements with which councils are required to conform. As policies change, reforms are introduced and the political landscape alters, councils are expected to alter their actions to coincide with expectations of the state government, while still meeting the needs and expectations of their respective communities. This paper evaluates the way that councils have reacted to changes in investment policy prior, and subsequent to, the Global Financial Crisis (GFC) and compares those actions to those currently being undertaken by councils in response to the state government review of local councils with a particular focus on measures of financial viability. The purpose is to demonstrate how council’s actions are influenced by changes to policy and requirements of the state government and to consider the role that accounting plays in facilitating council’s actions. One purpose of financial reports is to provide information to assist users to make valid and informed decisions, to aid planning and inform strategic decision making. Financial reports which are affected by changing requirements due to the political environment, future financial and governance decisions will also be impacted.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Commerce
Date Deposited: 23 Feb 2017 01:30
Last Modified: 22 Mar 2017 23:27
Uncontrolled Keywords: local councils, policy, amalgamation, investment, accounting
Fields of Research : 15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150103 Financial Accounting
15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement
Socio-Economic Objective: C Society > 94 Law, Politics and Community Services > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified
C Society > 94 Law, Politics and Community Services > 9402 Government and Politics > 940204 Public Services Policy Advice and Analysis
URI: http://eprints.usq.edu.au/id/eprint/30237

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