Asset Management & Financial Informing Plans

Effective management of local government assets is essential to the sustainable delivery of services that meet community needs. Asset Management Plans ensure assets are created, maintained, renewed and replaced at appropriate intervals to support agreed service levels. They forecast what work is required, when it should occur, what it will cost, and how it will be funded.

These plans are supported by the following Financial Informing Plans:

• Reserve Fund Plan – outlines how funds are accumulated and used across Council’s reserves to support future projects, asset replacement, upgrades and statutory commitments, reducing reliance on borrowing.
• Borrowings Plan – outlines how Council uses debt responsibly, ensuring borrowings remain within appropriate limits and form part of a long‑term financial strategy.
• Rating Objectives Strategy – explains how rates are set and structured, ensuring they remain fair, strategic and aligned with community needs.

Important: The focus of the Strategy is different to that of the Annual Budget – it does not set out expected levels of rate revenue increases/decreases over outgoing financial years. Instead, it focuses on the types of rates to be charged and how the required amounts are fairly and equitably distributed amongst Council’s ratepayers.