Strategic Resource Plan

The purpose of the Strategic Resource Plan is to:

• Establish a framework to manage the resources required to achieve the strategic objectives as expressed in the Council Plan;
• Provide an assessment of the resources required to achieve the strategic objectives of the Council Plan;
• Plan for the long-term financial sustainability of the Council;
• Establish a basis to measure Council’s adherence to the principles of the Strategic Resource Plan; and
• Assist the Council to comply with sound financial management principles in accordance with the Act.

Developing council financial strategies is often a difficult process.

• Is sufficient revenue being generated to provide the services and level of service required by its community?
• Is the condition of existing assets providing an acceptable level of service to the community?
• What level of funding is required to upgrade existing assets or construct new assets?
• When should debt be used to fund capital projects?
• What is an acceptable rate and charge increase?

A number of strategic challenges remain ahead including continuing to provide an appropriate range and level of services to a growing and diverse community, renewing existing assets, maintaining a sound financial position and addressing the need for capital expansion.