Preparing for the 2014/15 draft budget
Developing an annual Council budget is complex. We need to take into account funding over 200 services we provide to the community as well as building and upgrading capital works including managing our ageing assets like drains, roads and community buildings.
We need to do all this:
- while receiving less funds from other sources
- as other levels of Government push more services on to councils; and
- as our local population continues to grow
Come along to an information session about the 2014/15 Council Budget. Learn about the budget process and provide ideas and input into where Council could be directing funds.
750 Mt Alexander Road, Moonee Ponds
Thursday 13 March, 6.30pm to 8pm
Crown Street Stables
Coronet Park, Crown Street Flemington
Thursday 20 March, 6.30pm to 8pm
To RSVP please email email@example.com or call 9243 8888.
We will also be having an information table at Westfield in Airport West on Thursday, 27 March from 9.30am to 1pm.
This is still the first stage of community consultation for the budget. Once the draft budget has been developed in April, it will be made available for formal community consultation with the final version due to be adopted in June.
Upcoming budget challenges
In the coming financial year we will continue to be faced with a range of challenges that we will need to account for like:
- gradual increasing costs from changes to childcare legislation
- aging infrastructure and needing to pump a huge amount of money into capital works projects
- unfunded superannuation liability (with an outstanding payment still owing of $3 million)
- advocacy including legal costs on large projects like East West Link and the Moonee Valley Racecourse Master Plan
- increasing costs imposed by State Government for the land fill levy
- increasing population and demand on service delivery
For more information please contact our Finance team on 9243 8888.
On 25 June, we adopted our 2013/14 Annual Budget (pdf, 1.5MB) which will allocate:
- $27.3 million to maintain local assets and infrastructure
- $122.4 million to deliver community services
In order to deliver this, we have determined that the required rate revenue for the 2013/14 financial year will be $88.4 million, a rate increase of 6.1 per cent.
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 such as:
- aged care
- disability services
- leisure and recreation facilities
- library services
- parking management
- town planning
- waste disposal and management
We also have to budget for upgrading and maintaining public facilities such as footpaths, buildings, roads, bridges, drains, laneways, parks, trees and sports grounds.
The community is also invited to make submissions for initiatives they would like to see funded.
Income and funding
In the budget, we balance the competing needs of the community with a sustainable level of rates. The greatest proportion of income comes from rates, with other funding provided by government grants, fees, charges, and interest from investments.
For more information about our annual budget, call us on 9243 8888.