Council Budget

Pyrenees Shire Council 2023/24 Budget has been adopted, the third of Council's four-year term. The preparation of this budget has been formulated within a difficult financial climate, where inflation has recorded levels of 7.8% whilst the State Government has deemed that Local Governments main source of income is capped at 3.5% (Rate Cap).

The budget details the resources required over the next year to fund the large range of services we provide for our community. It also includes details of proposed capital expenditure allocations to improve and renew our Shire’s physical infrastructure, buildings, and operational assets as well as funding proposals for a range of operating projects.

A great deal of work has been undertaken to find cost savings to deliver the required services in a high inflation environment. Rate increases have been capped at 3.50% in line with the Victorian Government's Fair Go Rates System. Despite the financial challenge this poses, Council is determined to maintain current services, while working within the rate cap and high inflation environment.

In preparation of the 2023/24 Annual Budget, Council has been required to review its 10 year Financial Plan to ensure the financial sustainability of the Council, not only in the short term but into the future.  It is Councils view that the adoption of the 2023/24 budget not only meets the needs of the community for that year but enables the financial sustainability of the Council over the next 10 years.

In the preparation of the 2023/24 budget and 10 Year Financial Plan, the major objectives are:

  • Ensuring working capital is sustainable over the 10 years.
  • Total capital program of $7.8 million to fund essential works and projects for the infrastructure needs of the Municipality.
  • Ensuring that the funding is provided for the delivery of the Council Plan
  • Rates will increase within the State Governments Rate Cap of 3.50%.
  • All charges have kept at the absolute minimum in the period of high levels of inflation.

Councils’ belief that it is essential to ensure the financial viability of the Council in the long term and believes that the 2023/24 budget will achieve this objective.  This budget will allow for the growth of the municipality whilst ensuring the delivery of essential services and projects to the community.

Download Council's 2023-24 Budget(PDF, 1MB)

Download Council's 10 Year Financial Plan 2023-24 to 2032-33(PDF, 1MB)

Download Council's Revenue and Rating Plan 2022-26(PDF, 1MB)

Download Council's Fees and Charges 2023-24(PDF, 379KB)

Download Council's Plan 2021-25(PDF, 3MB)

 

 

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