Territory Stories

Barkly Regional Council annual report 2018-2019

Details:

Title

Barkly Regional Council annual report 2018-2019

Other title

Annual report 2018-2019

Creator

Barkly Regional Council

Collection

E-Publications; E-Books; PublicationNT; Barkly Regional Council annual report; Annual Report

Date

2019

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Barkly Regional Council; Periodicals; Local government; Northern Territory; Barkly; Annual report

Publisher name

Barkly Regional Council

Place of publication

Tennant Creek

Series

Barkly Regional Council annual report; Annual Report

Volume

2018 - 2019

Previously known as

Barkly Shire Council annual report

File type

application/pdf

Use

Copyright

Copyright owner

Barkly Regional Council

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/806845

Citation address

https://hdl.handle.net/10070/806848

Page content

Net Fair Value Risk Exposures: Credit Risk represents the loss that would be recognised if counterparties fail to perform as contracted. The maximum credit risk on financial assets of the Council is the carrying amount, net of any allowance for doubtful debts. All Council investments are made with the SA Local Government Finance Authority and are guaranteed by the SA Government. Except as detailed in Notes 5 & 6 in relation to individual classes of receivables, exposure is concentrated within the Council's boundaries, and there is no material exposure to any individual debtor. Market Risk is the risk that fair values of financial assets will fluctuate as a result of changes in market prices. All of Council's financial assets are denominated in Australian dollars and are not traded on any market, and hence neither market risk nor currency risk apply. Liquidity Risk is the risk that Council will encounter difficulty in meeting obligations with financial liabilities. In accordance with the model Treasury Management Policy (LGA Information Paper 15), liabilities have a range of maturity dates. Council also has available a range of bank overdraft and standby borrowing facilities that it can access. Interest Rate Risk is the risk that future cash flows will fluctuate because of changes in market interest rates. Council has a balance of both fixed and variable interest rate borrowings and investments. Cash flow fluctuations are managed holistically in seeking to minimise interest costs over the longer term in a risk averse manner. All carrying values approximate fair value for all recognised financial instruments. There is no recognised market for the financial assets of the Council. Barkly Regional Council Notes to and forming part of the Financial Statements Note 13 - FINANCIAL INSTRUMENTS (con't) for the year ended 30 June 2019 -28 83Barkly Regional Council