NSW’s Auditor-General delivered her first financial audit of local government.
More than half of NSW’s councils are struggling to renew and maintain their infrastructure, according to the state’s auditor who says financial reporting in local government needs to improve.
Auditor-General Margaret Crawford’s first financial audit of local government has found variable financial performance and reporting, poor use of audit committees and lapses in IT security.
NSW councils own and manage $136 billion worth of assets, including infrastructure, property, plant and equity.
But the audit of 139 councils, released on Friday, found that 84 local governments were not meeting benchmarks for managing their infrastructure maintenance backlog, while 70 were not renewing their assets in line…
