TC19-01 Agency Guidelines for the 2018-19 Mandatory Early Close
The mandatory Early Close for Agencies will be conducted as at 31 March 2019. This Circular applies to all NSW public sector agencies, including State Owned Corporations, and withdraws and supersedes the previous NSW Treasury Circular Mandatory Early Close procedures for 2017-18 (TC17-12).
Issued: 9 January 2019 by Treasury
This AR is archived. No replacements were suggested by the author.
Key information
- Status
- Archived
- Type
- NSW Treasury Circular
- Identifier
- TC19-01
- Compliance
- Mandatory
Who needs to know and/or comply with this?
- Departments
- Executive agencies related to Departments
- State Owned Corporations
- Statutory Authorities/Bodies
- Subsidiaries of the NSW Government established under the Corporations Act
About
The mandatory Early Close for Agencies will be conducted as at 31 March 2019. This Circular applies to all NSW public sector agencies, including State Owned Corporations, and withdraws and supersedes the previous NSW Treasury Circular Mandatory Early Close procedures for 2017-18 (TC17-12).
In summary these ‘Early Close Procedures’ require the preparation of a set of pro-forma financial statements and the preparation of non-financial asset valuations and associated disclosures. The Circular mandates all procedures are conducted as at 31 March 2019. The purpose of this procedures is to ensure the integrity of the year to date position and highlight issues to be resolved before the end of financial year.
Refer to TC19-02 attached for full details.