Under section 91 of the Local Government Act 2020, the Council must develop and adopt a financial plan to provide a long-term view of the resources that are expected to be available to Council and the proposed/predicted application/use of those resources over a 10-year period.
The Financial Plan should cover all aspects of the Council’s role, including services/operations and capital investment/assets. It should also describe the proposed sources of funds it proposes to have access to and include all the high-level assumptions under-pinning the Plan.
The Benalla Rural City Council Financial Plan demonstrates the following financial management principles:
1.2.1 Revenue, expenses, assets, liabilities, investments and financial transactions are
managed in accordance with Council's financial policies and strategic plans.
1.2.2 Management of the following financial risks:
a) the financial viability of the Council (refer to section 2.1 Financial Policy Statements).
b) the management of current and future liabilities of the Council. The estimated 10
year-liabilities are disclosed in section 3.2 Balance Sheet projections.
c) the beneficial enterprises of Council (where appropriate).
The document is available for inspection at the Customer Service Centre and the Sir Edward 'Weary' Dunlop Learning Centre.
Download the Benalla Rural City Council Financial Plan 2021 2022 To 2030 2031
The Benalla Rural City Council Financial Plan was first adopted by the Council at its meeting on 27 October 2021.