South Australian Local Government Financial Management Group Workshop and Conference I’M A FINANCE PROFESSIONAL GET ME OUTTA HERE! ...with Keynote Speaker: Anna Meares Thursday & Friday 1 & 2 December 2016 Adelaide Oval – War Memorial Drive, North Adelaide South Australia 5006 Register online at www.salgfmg.com.au Day 1 Workshop 1:40 Panel Session - Model Financial Statements Facilitator: Tim Muhlhausler, Partner, Galpins 9:30 REGISTRATIONS Panelists: John Jovicevic, Partner, Dean Newbery & 9:50 Introduction Partners, David Papa, Director, Assurance & Advisory, Bentleys SA, Geoff Edwards, Partner, Audit, BDO, MC: Lisa McAskill David Maxwell, Coalface Software Solutions Description: This session will provide an opportunity 10:00 Welcome to provide feedback and ask questions on the Model Financial Statements and your Council’s Audit. Presenter: Clive Hempel, President, SA Local Government Financial Management Group 2:20 Better Practice Model – 10:05 Taxable Payments Reporting Internal Financial Controls Framework for Government Entities Presenters: Annette Martin, Manager Financial Services, City of Charles Sturt, Presenter: Robert Muscat, Senior Project Officer, Kyffin Thompson, Partner, Advisory, BDO Employer Obligations, Australian Taxation Office Description: This session will look at the process Description: This session will cover information about of review that is currently being undertaken by the who needs to report, what needs to be reported and SALGFMG working group for the Better Practice Model how to lodge the annual report. - Internal Financial Controls Framework. The framework was first put to the test in terms of how effectively it met 10:45 MORNING TEA the requirements of the Local Government Act when prescribed Councils had their inaugural internal 11:10 Price Regulation for Small-scale controls opinion in June 2014. The review process has taken account of the learnings from the initial Water and Sewerage Service implementation by Councils and a need to ensure Retailers there is an increased focus on a risk based approach to mitigating financial risks. Before the revised framework Presenter: Stuart Peevor, Manager Pricing and Access, goes out for consultation this is an opportunity to have Essential Services Commission of SA insight into the review process and what it will mean for all Councils going forward. Description: This session will provide an overview of ESCOSA’s role in regulating the South Australian water sector, with a focus on small-scale water and 3:00 AFTERNOON TEA sewerage service retailers. It will explain why ESCOSA has adopted the framework that is has, and how the 3:20 Risk Manager and Control Manager framework may change in the future. – Now Live and With More Modules to Follow! 11:40 Model Financial Statements Presenter: Steve Wooding, Chief Executive Officer, Presenter: David Maxwell, Coalface Software Solutions ControlTrack Description: This session will review Council 2016 Description: ControlTrack has now completed Annual Financial Statements, with particular attention development of a brand new risk management tool, to changes made to the 2016 Model Financial as well as the completely rebuilt Control Manager Statements and potential changes to the 2017 tool. This session will demonstrate the key features Model Financial Statements arising from changes to of each system and show how they can offer Councils Accounting Standards. so much more than the current ControlTrack software. ControlTrack will also share how Councils 12:20 An Auditor’s Perspective of the can manage their Governance Risk and Compliance 2015/16 Financial Statements within a single powerful overall tool. Presenter: Tim Muhlhausler, Partner, Galpins 4:00 Budgets – Behind the Scenes Description: This session will provide an auditor’s Presenter: Kate George, Manager Financial Services, perspective on the ”hot topics” in Local Government City of Salisbury accounting and financial internal controls, as well as providing feedback from the SA Local Government Description: In this session Kate will discuss the Auditors’ Group regarding the 2015/16 round of audits. City of Salisbury’s Budget Process, and share some insights from “behind the scenes". 12:40 LUNCH 4:40 CLOSE 6:30 Pre-Dinner Drinks (with a twist!) 7:00 Dinner 8:30 Entertainment: Luke McGregor Day 2 Conference 11:20 Rate Capping: Armageddon or Independence Day? Presenter: Graham Sansom, Adjunct Professor, 8:40 REGISTRATIONS University of Technology Sydney 9:00 Introduction Description: There has been a resurgence of interest in rate-capping across Australia, with many State MC: Lisa McAskill politicians thinking it offers an easy way to ‘do something’ about limiting business and household costs. Following the re-introduction of rate-capping 9:05 Welcome in Victoria, and its adoption as policy by the Presenter: Clive Hempel, President, Opposition, South Australian Councils are justifiably SA Local Government Financial Management Group concerned. However, rate-capping can take different forms and a policy framework bearing that name might even strengthen Local Government. 9:10 In Conversation with the AASB This session will explain the options available. Facilitator: Lisa McAskill, MC 12:00 Planning for Change - Presenters: Mark Shying, AASB Research Fellow SA’s New Planning System Description: In this session, Mark will discuss how Presenter: Lisa Teburea, Executive Director Councils can (and do!) influence the development of Public Affairs, Local Government Association of SA Accounting Standards, including the forthcoming Income of Not-for-Profit Entities Standard. Following Description: This session will provide a Local a brief presentation (which will include an overview Government perspective on the implementation of the key requirements of the forthcoming of the state’s new planning system and will cover Standard), there will be opportunity to provide changes to the roles and responsibilities of Councils, feedback and ask questions. new infrastructure funding mechanisms and how the LGA will be supporting Councils in the transition. 9:50 Small Councils and Financial Management – When Things 12:30 LUNCH Go Bump in the Night 1:55 You Have Discovered a Fraud – Presenter: Stephen Rufus, Chief Executive Officer, Where to Now? District Council of Orroroo Carrieton Presenter: Wayne Gilbert, Principal, PKF Kennedy Description: By using the real life example of the DC of Orroroo Carrieton, this session will expose the need for Description: This session will cover some of the small Council’s to be vigilant in financial management practical steps that need to be taken upon the matters. There is a need to ensure that the appropriate discovery of a fraud (or workplace) issue, including internal controls are in place; reporting of the financial assessment, planning, resourcing through to position, Annual Business Plan and the Long Term conducting an interview with the suspect. It will Financial Plan are integrated; and importantly that also look at some of the considerations along the Auditor Management Reports are presented to Council way including assembling the right people for the and recommendations are implemented. This session right job and engaging with the appropriate experts will include the approach adopted by Council to recover at the appropriate time. It will briefly examine some its financial position, with the situation being a lesson of the pitfalls that can occur during an investigation, to all Councils, and the challenges facing small Councils some methods for adducing evidence and an outline in achieving Long Term Financial Sustainability. Get on interviewing skills. it wrong and the compounding consequences can be catastrophic. 2:35 A Practical Approach to Valuing and Depreciating Road Assets 10:30 Platinum Sponsor Presenters: Jeff Roorda, General Manager – Presenter: Davin Lambert, Manager Strategic Asset Management Group. Technology One, Money Market, Local Government John Comrie, JAC Comrie Pty Ltd Finance Authority Description: Infrastructure is the largest class of 10:50 MORNING TEA Local Government assets and the largest sub-class of infrastructure for most Councils is roads. Are they reliably valued? What is the relationship between 11:15 Gold Sponsor condition, useful life and depreciation? Practices Presenter: John O’Connor, vary between Councils. This session will highlight some recent research findings. Manager, LG Solutions 3:20 AFTERNOON TEA 3:55 Keynote Speaker: Anna Meares "Success isn’t defined by staying undefeated, rather by how you handle those defeats" 4:55 CLOSE 5:00 Networking Drinks Presenting... Your speakers John Comrie has had 34 years involvement in Local Annette Martin is currently the Manager of Financial Government. He is a former head of the South Australian Services at the City of Charles Sturt Council. Annette has Government’s Office for State/Local Government Relations held a variety of leadership roles spanning both Local and prior to that the Local Government Association of Government and manufacturing in delivering strategic and South Australia. He consults and conducts training courses operational business transformation. Her enthusiasm in nationally on Local Government financial issues. John has influencing and driving best practice outcomes has extended written guides on Local Government financial sustainability, to pivotal roles on the Executive of the SA Local Government accounting issues and asset management for State Financial Management Group (SALGFMG), including President Governments and Local Government