Territory Stories

Long term financial plan 2017/18 to 2026/27

Details:

Title

Long term financial plan 2017/18 to 2026/27

Collection

E-Publications; E-Books; PublicationNT

Date

2016

Location

Litchfield Municipality

Description

'This Long Term Financial Plan is designed to ensure that the financial sustainability of Litchfield Council continues to improve over the next 10 Years by supporting sound financial decision making. Sustainability in the context of Litchfield means the community has well maintained facilities and infrastructure and receives good quality services at an affordable level of property rates both now and into the future. The Local Government Act requires Council to prepare and maintain a Long Term Financial Plan (LTFP). The Plan must cover a minimum period of four years however, many of the decisions that Council makes have impacts that go well beyond this time horizon. Litchfield Council has therefore developed a ten-year plan to ensure that the decisions made today are truly sustainable in the long term.' - Executive summary and Introduction; Made available via the Publications (Legal Deposit) Act 2004 (NT).

Table of contents

Executive summary -- Introduction -- Current financial position -- Emerging issues -- The way ahead - improving long term sustainability -- Attachments

Language

English

Subject

Appropriations and expenditures; Public finance; Municipal budgets; Regional planning

Publisher name

Litchfield Council

Place of publication

Freds Pass

Format

16 pages : tables ; 30 cm.

File type

application/pdf.

Copyright owner

Check within Publication or with content Publisher.

Related links

www.litchfield.nt.gov.au

Parent handle

https://hdl.handle.net/10070/299988

Citation address

https://hdl.handle.net/10070/380205

Page content

7 Summary of Financial Position Litchfield Council has strong cash reserves and no debt which means in the short term it will be able to continue to deliver services and a limited amount of capital works to its community. In the long term however, Litchfield faces several challenges including very large operating deficits and inadequate funding for capital expenditure to maintain the existing asset base. 0 0.1 0.2 0.3 0.4 0.5 0.6 13/14 14/15 15/16 16/17 Bud 17/18 Bud Financial Year Capital Expenditure divided by Depreciation