LONG TERM FINANCIAL PLAN 2020-2021
Council’s Long Term Financial Plan expresses in financial terms, the activities that Council proposes to undertake over the medium to longer term to achieve its stated objectives, and to progress towards and then maintain financial sustainability. It provides a solid basis from which the Annual Business Plan and Budget are prepared from.
More specifically, the ten year Plan considers and presents proposed capital investment and operating outlays against anticipated revenues, and resulting financial implications to Council. The Plan is regularly reviewed to ensure that it reflects the current circumstances and capacities of the Council.
On 11 June 2020 Council adopted the Draft Annual Business Plan and Budget 2020-2021 including a review of the Long Term Financial Plan 2020-2021 for public consultation purposes. Consultation was conducted from 17 June 2020 to 8 July 2020 with submissions being invited for consideration by Council.
At the conclusion of consultation Council adopted the reviewed Long Term Financial Plan 2020-2021 at its meeting on 15 July 2020, taking into consideration submissions received.