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KUHATA / AUGUST 2023Inside this issue: 2Grapevine Information Grapevine Says Rangers Rugby Quiz3Upper Moutere School Quiz4Sarau Winter Sale Success5Freshwater good, bad, future6Network Tasman Trust
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What is local treasure?
Local treasure refers to the financial or asset records that must be maintained and reported by local government entities and organizations to ensure transparency, accountability, and proper management of public funds.
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Local governments, municipalities, counties, and other local public entities are required to file local treasure, as well as any organizations that receive public funding.
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Local treasure forms can typically be filled out by gathering financial information, including revenue and expenditure data, and following the guidelines outlined by the relevant local government authority when completing the form.
What is the purpose of local treasure?
The purpose of local treasure is to provide a transparent overview of the financial activities of local entities, enabling citizens to see how public funds are utilized and to ensure compliance with financial regulations.
What information must be reported on local treasure?
Information that must be reported on local treasure typically includes details of revenue sources, expenditures, asset inventories, liabilities, and any financial discrepancies or audits.
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