The City of Mount Gambier has released its Draft 2022-2032 Long Term Financial Plan (LTFP) and is now seeking community feedback.
The LTFP provides a roadmap to enable Council to prioritise community needs and aspirations. It assists Council to plan, manage and communicate its future objectives in a financially sustainable way.
“The purpose of a long-term financial plan is to express in financial terms the activities that Council proposes to undertake over the medium to longer term to achieve the objectives stated in the 2020-2024 Strategic Plan and the Infrastructure and Asset Management Plans,” Shared Services General Manager Darren Barber said.
“Council intends to achieve key financial ratios by the target date of 2026/27 and over the life of the LTFP.”
“As previously committed, the total rate revenue percentage increase remains at 4.5% per year, with the delivery of the Wulanda Recreation and Convention Centre to occur in 2022.”
The LTFP is similar to, but less detailed than the Annual Business Plan and Budget and helps guide Council’s future actions depending on longer-term revenue and expenditure assumptions.
It is important to note that while the plan provides guidance, Council continues to revise and update the assumptions included within it which means we can be adaptable in an ever-changing environment. – Shared Services General Manager Darren Barber
In accordance with the Local Government Act 1999, a Long Term Financial Plan must be updated within two years of the local government election. City of Mount Gambier updates its Long Term Financial Plan annually.
View the Draft 2022-2032 Long Term Financial Plan and have your say at: https://www.haveyoursaymountgambier.com.au/draft-2022-2032-ltfp
“Council encourages the community to participate in this important consultation process,” Mr Barber said.
All feedback must be received by Wednesday 8 December 2021 at 5:00pm.
