Financial Plan 2021-2031
The Financial Plan 2021-2031 provides the context through which the objectives and strategies of the Council Plan can be funded and ultimately achieve the aspirations of the Community Vision Nillumbik 2040.
Financial Policy statements:
- Ensure Council maintains sufficient working capital to meet its debt obligations as they fall due
- Allocate adequate funds towards renewal capital in order to replace assets and infrastructure as they reach the end of their service life
- Council maintains sufficient unrestricted cash to ensure ongoing liquidity as well as to address unforeseen imposts if required
- Council generates sufficient revenue from rates plus fees and charges to ensure a consistent funding for new and renewal capital