A quarterly statement is a statement presented to Council every three months comparing budgeted revenue and expenditure for the financial year with actual revenue and expenditure to date.
Victoria
Section 138 of the Victorian Local Government Act 1989 states that:
(1) At least every 3 months, the Chief Executive Officer must ensure that a statement comparing the budgeted revenue and expenditure for the financial year with the actual revenue and expenditure to date is presented to the Council at a Council meeting which is open to the public.
(2) The regulations may prescribe matters to be included in the statement.
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