This document informs the City of Darwin’s Strategic Planning Framework and helps ensure Council responsibly funds day-to-day operations as well as strategic projects.
The LTFP 2021-30 <insert link> 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 to:
- 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.