One of the key changes for Finance professionals in Local Government coming out of the new Local Government Act 2020 is a legislated 10-year Financial Plan.
The Financial Plan (s 91) is developed and adopted by Council 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.
Council’s may already have a model or product which helps with long term planning… but what else is out there?
Th is the second of 2 session and will feature MAGIQ and LG Solutions.
John Brockway, Finance Manager at Surf Coast Shire and FinPro Executive Member will facilitate this session.