Queensland's local governments are involved in a wide range of activities—from delivering key community services, such as roads, water, sewerage and waste treatment, to providing banking, retail, medical, cultural and recreational services.
Most local governments, and the entities that they control, produce annual financial statements. How useful these statements are depends on their quality and the time taken to produce them. Timely and accurate financial reporting is essential for effective decision-making, managing of public funds and assets, and the delivery of public accountability.
This report summarises the financial audit results of the 77 Queensland local governments. It also summarises the financial audit results of the 79 entities they control that produced financial statements for the financial year ending 30 June 2017. The report analyses the performance, position and sustainability of Queensland's local governments, and evaluates the timeliness and quality of financial reporting.