Date Adopted: May, 2012

Last Review Date: 27 May 2022

Next Review Date: May, 2025

1. Introduction

The Central Desert Regional Council (hereinafter called the “Council”) hereby establishes a committee under the powers given in the Local Government Act, 2019 and Local Government (General) Regulations 2021, such committee to be known as the Finance Committee (hereinafter called the “Committee”).

2. Purpose

The Committee is established for the purpose of assisting the Council to undertake its financial functions in the months that the Council does not hold an Ordinary Council Meeting.
The Committee shall act for and on behalf of Council in accordance with the provisions of the Local Government Act, 2019 local laws and policies of the Council and this Instrument.

3. Objectives of Finance Committee

The Finance Committee will assist the Council to oversee the allocation of the local government's finances and resources. Under the control and direction of the Council, the Finance Committee will:

1. Ensure the annual budget is aligned with the Regional Council Plan.
2. Monitor and report on financial performance against the annual budget and the Regional Council Plan.
3. Formulate strategies to improve the Council's financial position.
4. Make executive financial decisions on behalf of Council when the matter cannot be held over until the next Ordinary Council Meeting.
5. Monitor compliance with appropriate legislative and accounting standards.

4. Responsibilities

1. Review the monthly income and expenditure reports, monitor progress against the budget and provide advice to Council on implications of these.
2. Approve adjustments to budget and re‐allocation of resources after consultation with affected areas.
3. Review and accept or reject Program Funding Agreements or any other offers of funding.
4. Consider and make appropriate recommendations to Council on any matters having a significant financial impact on the Council.
5. Advise Council on the short, medium and long-term financial implications of the Council's Regional Council Plan and any sub‐plans.
6. At least annually, advise Council about the adequacy of the Council's insurance coverage.
7. On a regular basis, review the financial investments of the Council.
8. At least annually, review the Council’s borrowing program.
9. Review financial delegations and policies at least annually.
10. Advise Council on the level of allowances to be paid to Councillors.
11. Review and determine action for any other financial/matters documents that need to be dealt with prior to the next Ordinary Council Meeting.
12. Work with CEO to develop the annual budget, ensure it aligns with the Regional Council Plan and present it to Council for adoption.
13. Approve the awarding of any tenders or major contracts.
14. Determine fees and charges to be made by the Council.
15. Decide which applications for financial aid made to the Council will be supported.
16. Contribute to the preparation of the annual financial statements.
17. Review the annual audited financial statement and auditor's report and recommend any necessary follow‐up.
18. Ensure there is an adequate internal control system, including a fraud protection plan, to minimise financial risk.
19. Exercise any general authority delegated by Council.
20. Deal with any tasks that have been delegated from a previous Council meeting.
21. Consider any matters referred by the CEO or the Council.

5. Membership

Members of this Committee include the President or the Deputy President and a minimum of one other Councillor/s appointed by Council.
The Committee membership will also include one (1) community member position who is suitably qualified and independent person with extensive finance and accounting skills. An accounting qualification is desirable.

6. Quorum

A quorum for the Committee is calculated as more than half the total membership and must include the President or the Deputy President.

7. Chair

The President or Deputy President will chair the Committee.

8. Proxies

In order to ensure continuity and a useful level of knowledge and experience, the Committee members are not permitted to send proxies to the meeting. The exceptions are the President and Deputy President, who may act as proxies for each other on the Committee.

9. Term of Office

The term of office is for the Local Government electoral term. A newly elected Council will appoint a new Committee. Should a Councillor be re‐elected, he/she may serve multiple terms on the Committee if appointed by Council.

10. Self‐review

At least once a year, the Committee will devote part of the meeting to reviewing its own processes and outcomes of the preceding year.

11. Timing

The Committee will meet in the months between Ordinary Council Meetings.

12. Minutes

Minutes must be kept of the decisions and actions of the Committee. Minutes will be taken by the Secretariat or other delegated staff member.

13. Reporting

The minutes of the Committee will be tabled at the next Ordinary Council Meeting.

14. Approval and Review History

To download a pdf of the Finance Committee terms of reference please click on: Finance Committee Terms of Reference

The Council currently has three Council Committees: the Finance Committee, the Audit Committee and the CEO Performance Review Committee. Council formed committees are an important part of Council and may assist Council to undertake specific roles and functions when a full Council is not formed.

Click on Committee Meetings to view the details of upcoming meetings.

Finance Committee

The CDRC Finance Committee is established as a finance committee to the Council in accordance with the Local Government Act, 2019 Part 5.2, and the Local Government (General) Regulations 2021 Part 2, section 19.

The Finance Committee comprises of:

• President Adrian Dixon (Chair)
• Cr Jeff Iversen
• Cr Jacob Spencer
• Cr James Glenn
• Lucy Ayre (independent)

For the Finance Committee terms of reference please click on: Finance Committee Terms of Reference

Audit Committee

The CDRC Audit Committee is established as an audit committee to the Council in accordance with the Local Government Act, 2019 Part 5.3.

The Committee is scheduled for the intervening months where there is no scheduled Council meeting and has the functions as described under section 87 of the Act:

  (a) Monitors and reviews the integrity of the Council's financial management;
  (b) Monitors and reviews internal controls; and
  (c) Makes recommendations to council about any matters the committee considers needs council's consideration as a result of its functions.

The Audit Committee comprises of:

• Cr April Martin
• Cr James Glenn
• Cr Rosslyn Campbell
• Lucy Ayre (Chair) (independent)

For the Audit Committee terms of reference please click on: Audit Committee Terms of Reference

CEO Performance Review Committee

The CEO Performance Review Committee meets to review the CEO’s performance and makes recommendations to the Council regarding performance matters. The Committee meets approximately two times a year but may convene more regularly if required. The CEO Performance Review Committee operates as an advisory committee under Section 83 of the Local Government Act. The committee operates as a confidential committee.

The CEO Performance Review Committee comprises of:

• President Adrian Dixon
• Deputy President David McCormack
• Cr Jeff Iversen
• Cr James Glenn

For the CEO Performance Review Committee terms of reference please click on: CEO Performance Review Committee Terms of Reference