Victorian Current Acts Victorian Current Acts(1) As soon as practicable after the end of each quarter of the financial year, the Chief Executive Officer must ensure that a quarterly budget report is presented to the Council at a Council meeting which is open to the public.
(2) A quarterly budget report must include—
(a) a comparison of the actual and budgeted results to date; and
(b) an explanation of any material variations; and
(c) any other matters prescribed by the regulations.
(3) In addition, the second quarterly report of a financial year must include a statement by the Chief Executive Officer as to whether a revised budget is, or may be, required.
Division 3—Reporting