Campaspe Shire Council will commission an Independent Strategic Financial Assessment.
Campaspe Shire Council will commission an independent Strategic Financial Assessment to affirm new financial goals for the Council and identify the best approach for their achievement.
Mayor Ian Maddison said the assessment was a high priority project of Council which would provide a robust overview of Council’s approach to its financial management and provision of services.
He said the project aims to provide transparent and independent consideration of council’s financial issues, through a process that encourages public understanding and participation.
Two community members have been appointed to the project steering committee - Mike Sweeney of Kyabram and Michael Bennett of Echuca.
Mr Sweeney is the manager of the Kyabram Club, a role he has held since 1997. He is actively involved in the local community, having sat on the local hospital board and the Kyabram Development Committee. He is also a Clubs Victoria Council representative.
Mr Bennett, who has retired to Echuca, was in the Royal Australian Air Force for 30 years and as an Air Commodore oversaw Air Force strategic and governance planning.
Gaining community input is a key part of the project. The project consultant CT Management Group will be required to prepare a discussion paper to provide context for community members who wish to lodge submissions, and there will be opportunities for in-person input at key locations across the Shire.
The project will assist with the development of agreed strategic goals for council’s Long-Term Financial Plan and Strategic Resource Plan.
‘‘The assessment will lay down the framework for setting council’s financial targets for the next 15 years, including providing the basis for developing future budgets,’’ Cr Maddison said.
“This project is about striking the right balance between the amount of income council requires from rates and other sources, in order to provide the levels of service based on community expectations,” Cr Maddison said.
The Strategic Financial Assessment is expected to take 10 weeks to complete with a report on the project to be presented in December.
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