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Long Term Financial Plan 2021-30

The Long Term Financial Plan (“LTFP”) is an important strategic document which forecasts and aligns long term financial viability against the targets and objectives set by City of Darwin (“Council”).

The Long Term Financial Plan (“LTFP”) is an important strategic document which forecasts and aligns long term financial viability against the targets and objectives set by City of Darwin (“Council”). This document informs the City of Darwin’s Strategic Planning Framework and helps ensure Council responsibly fund day-to-day operations as well as strategic projects.

The LTFP provides a ten year overview of the City of Darwin’s projected income, expenses and capital works programs and illustrates that the Council are able to, on average, sustain $25M+ of capital expenditure per annum over the ten (10) year model period, with a Rates increase subsequent to FY2022 of no more than 2.0% and dwellings growth of 1.5%.

The financial objectives of the LTFP are;

  • Develop an adaptable forward-looking financial model to ensure sustainability and enable the business to respond to changing community needs

  • Ensure that strategic decisions are made within the agreed Council parameters and benchmarks

  • Enhance the transparency and accountability of the Council to the community

  • Support continuous financial improvement aspirations, encourage cost control, maximise available capital funding for the community and early identify potential financial challenges.

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