Annual Budget

Each year we develop a budget which provides funding for over 200 services to the local community as well as building and upgrading millions of dollars’ worth of capital works including managing our ageing assets.

Draft 2018/19 Budget and Draft Long-term Capital Works Plan

Every year we prepare a budget that is guided by the priorities set out in our Council Plan.

Through the budget process, Councillors determine how much funding is required to support around 200 community services and programs, as well as to manage, upgrade and replace infrastructure such as aquatic and sporting facilities, childcare centres, roads and footpaths.

This year we’ve allocated over $45 million to developing our local assets through our capital works program. We hope this will encourage and support people to meet and participate in the life of their communities and neighbourhoods.

Some of the highlights of this year’s budget include:

  • $2.1 million for the development of new multi-use courts at Riverside Golf and Tennis Centre
  • $1.4 million to complete the Union Road Streetscape upgrade
  • Over $1.1 million to commence the state of the art East Keilor Leisure Centre redevelopment
  • $1.5 million for improvements to the Buckley Park Sports Pavilion
  • $1.7 million to complete the Boeing Reserve Baseball Pavilion 
  • Almost $1.6 million to complete the Ormond Park football and cricket pavilion building works
  • $1.2 million to increase the capacity of the Strathnaver Reserve car park
  • $650,000 for the Woodlands Park wetlands and landscape upgrade, including play space and picnic areas
  • $300,000 to replace and renew playgrounds
  • $670,000 for new library books, resources and furniture

In order to fund these important services, programs and infrastructure improvements, the general rate rise for 2018/19 is 2.25 per cent.

Our 2018/19 draft budget is on public exhibition until Friday, 25 May.

Download the Draft Annual Budget 2018/19 (pdf, 6MB) or view the hard copy at our libraries, the Civic Centre and at Flemington Community Centre.

Also on consultation is the Draft Long-term Capital Works Plan (pdf, 300KB) which sets out the capital works program for the next 22 years. 

Feedback can be made by emailing council@mvcc.vic.gov.au or in writing, addressed to the Chief Executive Officer, Moonee Valley City Council, PO Box 126, Moonee Ponds 3039.

You may request to be heard before Council in support of your written submission (or be represented by a person acting on your behalf). Submissions will be heard by a Committee of Whole of Council at 6pm on Tuesday, 5 June 2018 at 9 Kellaway Avenue, Moonee Ponds.

You must advise Council as part of your written submission if you wish to speak in support of your submission at this meeting.

Developing our budget

Every year we prepare a budget that is guided by the priorities set out in our Council Plan - a legal requirement for all councils. Councillors attend workshops with staff to work out how much money is required to meet community needs and deliver vital services.

The Strategic Resource Plan (pdf, 157KB) sets a financial framework which shapes the annual budget and the resources required to achieve our objectives in the Council Plan.

The Draft Long-term Capital Works Plan (pdf, 300KB) sets out the capital works program for the next 22 years relating to the Draft Budget and the Strategic Resource Plan. 

How we calculate your rates

  • The total amount we need to collect in rates is divided by the value of all properties in the local area. This is how we calculate the rate in the dollar.
  • The rate in the dollar is then multiplied by each property value. This is how we calculate each property’s rate change.
  • The State Government Fire Services Levy is then added onto the rates notice as well as the new Garbage Charge.

Anyone having difficulty paying their rates can contact us for advice and assistance.

Read the Draft Rating Strategy (pdf, 866KB).

2017/18 budget

Our 2017/18 budget (pdf, 3.8MB) was adopted on 27 June 2017.

This financial year, we have allocated over $150 million to deliver a range of important services, programs and infrastructure services. We have also committed to invest $29.4 million in capital works projects to build and improve sporting and recreational facilities, aquatic facilities, parks and playgrounds, childcare centres and local roads and footpaths.

Our 2017/18 budget also enables us to deliver on the first year of the Council Plan 2017-2021, our four-year medium term strategic plan.

Budget highlights

  • $6.79 million to upgrade our local road network and improve traffic flow and safety
  • $3.09 million for parks, open space and streetscapes
  • $4.6 million to build community infrastructure on school grounds under the Governments shared facilities fund
  • $646,000 for new books and library resources, including new furniture for patrons
  • $1.90 million to improve our aquatic facilities
  • $1.25 million for footpaths and walking and cycling paths
  • $5.57 to improve recreational, leisure and community facilities

In order to fund these important services, programs and infrastructure improvements, the general rate rise for 2017/18 is 2 per cent. 

General revaluations

Every two years we have a statutory requirement to conduct a review of property values based on market movements and recent sales trends. This is not a revaluation year, valuations will be as per the General Revaluation dated 1 January 2016 (as amended by supplementary valuations).

When conducting valuations we must follow a statutory process set out in the Local Government Act and the Valuation of Land Act (1960). Our valuers undertake a physical inspection of properties across the municipality. Properties are conservatively assessed in recognition of changes in market forces. We also regularly reassesses property values when individual households have undergone improvements, upgrades or renovations. These are called supplementary valuations.

More information

For more information about our annual budget, contact our Finance Manager on 9243 8888 or email budget@mvcc.vic.gov.au.

Last updated: Friday, 18 May 2018, 3:37 AM