Long Term Financial Management Plan

The City of Norwood Payneham & St Peters has prepared its Long-Term Financial Plan (LTFP) to provide to the Elected Members, Management and other stakeholders the financial projections for the Councils currently planned activities over a ten (10) year timeframe.

The LTFP is to be linked with the Council's objectives, goals and desired outcomes in financial terms.  The aim is to be financially sustainable at the end of each year by achieving a very small operating surplus whereby operating income just exceeds operating expenditure.

The LTFP should be viewed as a guide to future actions or opportunities and encourages Council to think about the future impact of decisions made today on the Council's long-term financial sustainability.

Whilst the LTFP is for a ten year period it incorporates the appropriate years from the Council's 25 Year Whole of Life Infrastructure Plan, 15 Year Building and Recreation Reserves Plan and 10 Year Swimming Centres Asset Plans.

The Council will review its LTFP each year after the preparation of its Annual Business Plan and Budget and will consider updating the LTFP where it is considered appropriate.  In addition, a full review is required within two (2) years after a Council election.

To download a copy of the full plan click here.