Building our 2016/17 budget
As we prepare for the introduction of rate capping next year, we have already begun planning for how we best prioritise our services and resources to meet this challenge.
As part of this process, we have has commenced working on its 2016/17 draft budget. We are starting this process much earlier than we normally would as we work to minimise the impact rate capping will have on our services and the projects we are able to deliver on behalf of the community.
Our budget and planning process will involve the extensive examination of our programs as we look to do things more efficiently. We will also look at innovative ways of potentially partnering with other levels of government, councils, businesses and non-government agencies to deliver services and save costs.
We are keen to hear from our community about any innovative ideas they may have to help prioritise services and facilities that are most important to them.
For further details contact our Finance Manager on 9243 8888 or email email@example.com
Our 2015/16 Annual Budget was adopted at the Ordinary Council Meeting on 23 June 2015.
This financial year, we have allocated $134 million towards delivering around 200 important community services and programs. A further $31 million will be directed to community infrastructure projects such as sporting and recreational facilities, parks and playgrounds, childcare centres and local roads and footpaths.
The 2015/16 Annual Rate Notice will be posted out from mid-August.
You can download a copy of the budget (pdf, 6.32 MB) or view it in hard copy at our libraries, the Civic Centre (9 Kellaway Avenue, Moonee Ponds) and at the Flemington Community Centre (25 Mt Alexander Road, Flemington).
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 2015/16 - 2018-19 (docx, 74kb) sets a financial framework which shapes the annual budget. The plan, which was adopted during the development of the Council Plan in 2013 has been updated to incorporate years 2015/16 – 2018/19.
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.
Every two years we have a statutory requirement to conduct a review of property values based on market movements and recent sales trends. Properties in Moonee Valley will be re-valued this year and assessed as at 1 January 2014.
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.
For more information about our annual budget, contact our Finance Manager on 9243 8888 or email firstname.lastname@example.org.