What is the Long Term Financial for?

The LTFP maps out and forecasts the Council’s expected expenses and revenues over the next ten years, based on the best currently available information. It therefore guides Council’s decisions in planning investment in long-lasting maintenance and new investment in infrastructure assets, and informs the setting of rates and revenues to cover operational and debt-related expenses.

What period does the 2024/25 Long Term Financial Plan cover?

The 2024/25 LTFP covers the ten year period 2024/25 – 2033/34.

What parts of the Council business and administration function is impacted by the LTFP?

As the LTFP considers all major expenses and revenues for the coming ten years, all programs and activities of Council can be influenced in different ways – from determining the scale of debt-funded infrastructure investment; the size and focus of grants programs; the prioritisation of maintenance activity; etc.

Do LTFP settings impact rates and debt levels?

Rates are a central part of Council revenues. Council rating levels therefore will reflect decisions made based on the LTFP. The same applies for debt. If the LTFP assumes a certain level of new infrastructure investment, this will impact the amount of debt incurred to fund those investments.

Do LTFP settings influence decisions around asset maintenance and renewal, and investment in new infrastructure?

Yes. The LTFP considers the current and future needs for maintenance, renewal and new investment, based on the best available information. To ensure the most efficient and effective allocation of finite resources the LTFP is used to help decide what projects are prioritised.