4 1 pts There are several key principles to consider in relation to Local Government costs and costing systems. Which of the following is not one of these principles? The principal reason for gathering costing information is to make decisions about the functions, activities and services provided by Council. Compliance with legislation, state and federal, which require the preparation or consideration of costing information. Historic costing information is likely to be a useful guide and starting point to plan future actions. Costing information is a waste of public money given that services are going to cost anyway