We’re planning for our city’s future

The Draft 2024/25 – 2033/34 Long Term Financial Plan (LTFP) is our guiding document which helps us balance our budget and plan for our city’s future. It looks at future income and expenses to make sure we can continue to provide services and look after our assets (such as roads and buildings) in a sustainable and fair way.

The Draft 2024/25 – 2033/34 Long Term Financial Plan is a ten-year forecast of Council’s finances based on the services we currently deliver, or plan to deliver. It takes into account any social, economic or political influences on Council’s budget and ensures that any significant expenses are shared fairly across generations.

The LTFP is a key strategic management document, reviewed and updated annually. It outlines the financial strategy for the ten-year period from 2024/25 to 2033/34.

Your feedback on the Draft Long Term Financial Plan will help shape our city's future.
  • Improving our Mainstreets

    The Draft LTFP proposes allocating $62.6 million to upgrade five Mainstreets - Gouger, Hindley, Hutt, O'Connell, and Melbourne over four years.


    Do you support Council’s Mainstreet proposal?

  • Upgrading our Park Lands community buildings

    The Draft LTFP Plan outlines councils commitment to 1.5% of rates revenue to making necessary upgrades our Park Lands community buildings.


    Do you agree with this approach?
  • Significant Renewals

    We have three major projects identified in the Draft LTFP that need funding:

    • $60m for Adelaide Bridge
    • $15m for Rundle St UPark
    • $40m for Torrens Weir


    How should we fund these projects?

Give your feedback!

Join the conversation and help shape our city's future

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.

Timeline

  • Timeline item 1 - complete

    Council endorsed the draft LTFP for public

    24 September 2024

  • Timeline item 2 - active

    Consultation opens

    30 September 2024

  • Timeline item 3 - incomplete

    Consultation closes

    20 October 2024

  • Timeline item 4 - incomplete

    Council to review community feedback

    November 2024

What happens next?

We will acknowledge your feedback.

A summary of the feedback we receive during each phase of consultation will be available on the Our Adelaide website.