Greater Shepparton City Council adopted its Financial Plan for the next 10 years at Tuesday’s Council Meeting.
The document is a 10-year forecast of Council’s finances that guides how the community’s needs and aspirations in the Council Plan and Community Vision will be resourced. It forecasts Council’s finances based on assumptions about the future and these results are evaluated against financial performance indicators.
The final document was adopted following extensive community consultation in August and September this year, which Mayor Cr Kim O’Keeffe said was an important step in the planning process.
“The Financial Plan outlines how much money Council plans to spend to deliver key services and infrastructure to the community over the next decade,” she said.
“Community feedback is an extremely important part in developing the final document to ensure the needs and aspirations of our region are recognised and accounted for.”
The Financial Plan is a rolling plan and Council acknowledges that there are a number of dynamic variables that may influence the outcomes outlined, including the rate capping framework, grants received and growth in the number of properties. Because of this the financial statement and indictors will be regularly reviewed to re-assess Council’s financial sustainability with up-to-date information.
Cr O’Keeffe thanked the community who shared their feedback on the draft plan and helped shape the final document.
“The Financial Plan is an important document for Greater Shepparton and Council thank those who contributed to its contents,” she said.
“Council encourages the community to share their feedback on draft documents when they are released for public consultation. It is an important step to help ensure the voices of our residents are recognised.”
