Financial Plan
The Greater Shepparton City Council Financial Plan is a 10-year forecast of Council’s finances that guides how the community’s needs and aspirations in the Council Plan and Community Vision will be resourced.
The Local Government Act 2020 requires Greater Shepparton City Council to prepare a Financial Plan to cover a minimum period of ten years. A key tool in responsible financial management, long-term financial planning enables Council to anticipate future challenges, allocate resources effectively and make informed decisions that support both current and future community needs.
The Financial Plan sets out a clear and responsible pathway for managing the community’s resources over the next decade. It details the resources required for Council to continue delivering highquality services, maintaining infrastructure and investing in the future, while remaining financially sustainable and responsive to change.
The Financial Plan is a key part of Council’s Integrated Strategic Planning Framework, aligning with the Community Vision, Council Plan, Asset Plan, Revenue & Rating Plan and Annual Budget. It translates community aspirations into financial strategies, showing how Council will fund services and infrastructure within the constraints of rate capping, cost pressures and evolving community needs.
Informed by deliberative engagement with the community, the Financial Plan includes financial forecasts, key assumptions, and strategies for managing debt, reserves and financial risks. It is supported by detailed financial statements and performance indicators, which provide transparency and guide decision-making. It will be reviewed annually to ensure it remains relevant and responsive to changing conditions.
Ultimately, this plan confirms Council’s commitment to sound financial management, ensuring today’s decisions support a thriving, resilient Greater Shepparton for generations to come.