Queensland Consolidated Acts Queensland Consolidated Acts(1) A local government's budget developed for its operating fund must specify the following matters for the financial year--
(a) its estimated costs in total, and for each of its significant activities;
(b) the sources of funds necessary for spending provided for in the budget.
(2) The budget also must specify the matters mentioned in subsection (1), in general terms, for the next 2 financial years.
(3) The budget must be the basis on which rates are to be made and levied by the local government for the financial year.
(4) For subsection (1)(a), the following are included as significant activities of the local government--
(a) the local government's significant business activities carried on, under chapter 8, part 5, on a full cost pricing basis;
(b) the activities of the local government's commercial business units under chapter 8, part 6;
(c) the local government's significant business activities to which chapter 10 applies.