What is a Financial Sustainability Strategy?

Financial sustainability means consistently having sufficient reserves to meet unforeseen or emergency expenses like the flood or fire, without relying on borrowing or compromising essential services.

Like most councils, we currently have a 10 year Financial Plan 2021-2031 which helps inform Council planning. This plan predicts the funding we will need to fulfil the needs of our community, along with where we are expected to be financially in the next 10 years.

The draft Financial Sustainability Strategy looks at those predicted numbers and identifies strategic ways to address them, so that we can improve our financial health and deliver for our community now and into the future.

The Strategy sets out strategic reforms to ensure that future investment decisions are based on need, underpinned by evidence, and guided by informed strategies. It also includes practical and achievable actions and outcomes.