We are responsible for the financial planning (budgets) and financial reporting (quarterly and annual statements). We also sell, purchase and lease our land. We are responsible for the collecting, banking and investing of our funds including rates, accounts payable, loans and grants. We are responsible for all purchases and the payment of our staff, contractors and suppliers. We believe that these services demonstrate that we proactively engage with our community and make ourselves accountable to the community. They also demonstrate that we are building and sustaining financial capacity. We provide advice to our staff on recruitment, induction, training, employee relations, and occupational health and safety and risk management. We also support volunteers in their efforts in our community. We also plan, operate and improve our Corporate Information including Records, Geographic Information (GIS), Networks, Systems and Help Desk. We also provide support to our staff associated with the use and upgrading of their Applications. These services should ensure that our workforce has the ability to deliver quality and efficient services to the community. On behalf of our community we advocate for projects and better services from the Victorian and Australian governments. This is often within a regional context particularly in respect to communications, employment, health and transport. 2.5 Priority – Deliver Strong and Reliable Government (Continued) We are representatives of our community. To lead and advocate for the best interests of the community, we must have a solid foundation of ethical governance at all times and in all circumstances. Indicator and measure of our service performance: Victorian Government’s indicators and measures of our service performance: Service Indicator Measure Governance Satisfaction Satisfaction with Council decisions (Community satisfaction rating out of 100 with how Council has performed in making decisions in the interests of the community) 2.6 High level summary of the income and expenditure by Council Department 3. Financial Statements
As at 30 June 2019 Adopted Budget 2017/18 Budget 2018/19 Variance NOTES $'000 $'000 $'000 Current assets Cash and cash equivalents 9,485 9,053 (432) Trade and other receivables 5,142 5,136 (6) Other financial assets 13,878 11,878 (2,000) Other assets 439 448 9 Total current assets 4.2.1 28,944 26,515 (2,429) Non-current assets financial assets 21 21 - Investment in Regional Library 1,614 1,180 (434) Property, infrastructure, plant and equipment 709,631 749,200 39,569 Investment property 4,402 4,842 440 Intangible assets 469 231 (238) Total non-current assets 4.2.1 716,137 755,474 39,337 Total assets 745,081 781,989 36,908 Current liabilities and other payables 6,587 6,583 4 Current Liabilities 3,131 3,191 (60) Provisions 6,958 6,997 (39) Interest-bearing loans and borrowings 4.2.3 617 4,679 (4,062) Total current liabilities 4.2.2 17,293 21,450 (4,157) Non-current liabilities Provisions 4,949 4,967 (18) Interest-bearing and borrowings 4.2.3 11,300 6,699 4,601 Total non-current liabilities 4.2.2 16,249 11,666 4,583 Total liabilities 33,542 33,116 426 Net assets 711,539 748,873 37,334 Equity Accumulated surplus 330,952 342,448 (11,496) Reserves 380,587 406,425 (25,838) Total Equity 4.3 711,539 748,873 (37,334) 3.3 Statement of Changes In Equity