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Note 29: Performance information

Te Motu Regional Economic Development Trust: Model financial statements 2008/09.

Left arrow Note 28: Explanation of significant variances against budget  

Performance information

Performance information has not been included in the model.

Section 68 of the Local Government Act 2002 (LGA 2002) requires a report on the operations of a CCO to contain information that is necessary to enable an informed assessment of the operations of that organisation and its subsidiaries, including:
  1. a comparison of the performance of the organisation and its subsidiaries with the statement of intent; and
  2. an explanation of any material variances between that performance and the statement of intent.
Section 69 of the LGA 2002 requires the auditor to issue an audit report on the CCO’s “performance targets and other measures by which performance was judged in relation to that organisation's objectives”.
Left arrow Note 28: Explanation of significant variances against budget  
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