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Annual Budget

Budget

Have your say on our draft 2016/17 budget

Let us know what you think of our draft 2016/17 budget (pdf, 1.4MB)

We believe our draft budget strikes a common sense balance between delivering essential community services and programs, along with the need to build and upgrade important community assets, while at the same time being financially prudent.

Among this year’s budget highlights include a $25 million capital works program to deliver new and improved community facilities and infrastructure. As a result of our responsible financial management, Council will be debt-free by June this year.

Among the highlights of this year’s proposed capital works program are:

  • $5.43 million to upgrade the local road network and improve traffic flow and safety
  • $5.44 million for parks, open space and streetscapes
  • $3.85 million to build a new joint use sports and community pavilion at Fairbairn Park
  • $746,000 for new books and library resources, including new furniture for patrons
  • $705,000 to improve aquatic facilities
  • $1.1 million for footpaths and walking and cycling paths, and
  • $460,000 to improve recreational, leisure and community facilities

Our draft budget also proposes significant funding for essential community services and programs. These include:

  • $12.15 million to programs that support frail-aged residents to remain safely in their homes and local communities;
  • $19 million to deliver services to families and young children through maternal and child health programs, immunisation and support for parents and carers;
  • $5.22 million for library and learning services – delivering services to more than 56,000 library members, including more than 1 million loans and downloads of books and other items, public internet access; pre-school story time sessions; school holiday programs and computer and cyber safety classes for people of all ages;
  • $3.36 million to support our municipality’s thriving arts culture through arts performances, collections, festivals and events; and
  • $909,000 to support the local economy through business development programs, including training, events and marketing Moonee Valley as a thriving visitor and shopping destination

This year’s increase in rates income of just 2.5 per cent is in line with the Victorian Government’s rate cap. Unlike a number of other Victorian council’s, Moonee Valley will not be seeking a higher rate increase through the Essential Services Commission.

Have your say by:

  • post: Chief Executive Officer, Moonee Valley City Council, PO Box 126, Moonee Ponds 3039
  • email: council@mvcc.vic.gov.au

Feedback closes Friday 29 April 2016. The budget being finalised and formally adopted in late May.

2015/16 budget

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.

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. 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.

More information

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

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Last updated: Tuesday, 26 April 2016, 11:34 AM

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