External Reporting Checklist BBV

Model municipal financial statements 2025

Deloitte’s Model Municipal Financial Statements makes preparing your annual financial statements easier. You can use this model as a basis for structuring your municipality’s 2025 financial statements in accordance with the Decree on Budgeting and Reporting for Provinces and Municipalities and the related notes of the BBV committee. The main changes compared with the 2024 model financial statements are explained in the ‘Introduction’ and are as follows:

1. The provisions and guidelines in the BBV committee’s Note on Interest 2023, Note on Overheads 2023 and Note on Land Policy in Budgets and Financial Statements 2023 came into force for the 2025 budget year (earlier application in the 2024 budget year was permitted). In addition, the Note on Related Parties 2025 has been published. The (amended) provisions and guidelines from these notes have been incorporated in this Model Financial Statements 2025 where relevant.
2. From 2025 the accountability threshold falls within the range of 0% to 2% of the municipality’s total expenditure. Until and including 2024 this range was 0% to 3%.
3. From 2025 the percentage for the accountability threshold applies to legality errors and uncertainties combined. Until and including 2024 the percentage of the accountability threshold applied separately to legality errors and to uncertainties.
4. From 2025 the base for calculating the percentage of the accountability threshold is the municipality’s expenditure excluding additions to reserves. Until and including 2024 this was inclusive of additions to reserves.

• Download het Model Municipal Financial Statements