Our Financial Strategy
The Medium Term Financial Plan outlines the financial needs and requirements of the Council. The key themes to the strategy can be summarised as:
a) Challenging existing costs estimates and assumed “unavoidable” cost increases;
b) Ensuring clear service priorities that demonstrably align with corporate strategy and plans;
c) Maximising operational efficiency through transformation of services and ways of working;
d) Taking a more commercial approach and increasing income yield by 5% per year;
e) Increasing the income yield from financial investments as part of a prudent treasury management approach;
f) Investing in property, energy and new services to generate additional income that can be reinvested to maintain and improve services to our community.
g) Reduce reliance on government grants for the funding of ongoing services.