NRS-16292 | Ledgers [Waugoola Shire Council]

Under part VII division 2 of the Local Government (Shires) Act, 1905 a council was obliged to maintain true and regular accounts in books of accounts of all sums of money received or paid into or out of every fund, and of several purposes for which such moneys have been received and paid. The forms or manner in which, different kinds of these books were kept, were prescribed by the Governor (1). The Ledgers were accounting records incorporated in a standard public sector accounting system. The purpose of these books in the Waugoola Shire Council accounting system was to record all transactions including debit and credit relating to accounts. Information from the Ledger was utilised to prepare the required financial statements, such as profit and loss, and half yearly statements. The Council was obliged to prepare a detailed account of expenditure and revenue to be published in June and December each year (2). This Ledger contained all accounts maintained by the Waugoola Shire Council including rates, street accounts, maintenance and repairs. Income and expenditure recorded by the Ledger was accredited into the General Fund.There is an alphabetical index of the entries at the front of the register.FOOTNOTES: (1) The Statutes of New South Wales, Act No. 33(2) Ibid.