National Local Government Infrastructure and Asset Management Conference

National Local Government Infrastructure and Asset Management Conference 2013 CASE STUDY © CT Management Group Pty Ltd 2013

Wombat Shire Council Context � � � � Good relationship between Councillors and Exec Councillors respected by Community Satisfaction high but on the decline New Council wants to “Make its Mark” on the community Council Plan aspirational Objective to remain sustainable over long term Community reluctant to accept high rate increases LTFP is principle financial planning document © CT Management Group Pty Ltd 2013

Current Years Budget � � � Last year efficiency savings and cost reductions This year had to implement a 1. 5% cut to all service funding to “Balance the Books” LTFP shows Council is sustainable over the 10 year term but it has some weaknesses © CT Management Group Pty Ltd 2013

Forward Planning Weaknesses � Council Plan aspirational � Limited Asset Management Plans � Asset renewal demand not fully funded � Operational Impact of new works not recognised � Casual link between Council Plan and LTFP � Reliance on external funding � Rates increase by CPI each year – Not enough © CT Management Group Pty Ltd 2013

Next Year Chief Executive Officer � � Does not think economic situation will improve over next 12 months Will consider options to help make the preparation of next years budget and LTFP easier WHAT ADVICE CAN YOU PROVIDE © CT Management Group Pty Ltd 2013

Discussion Ian Mann CT Management Group 152 Little Malop Street Geelong 3220 Mob: Ph: Email: © CT Management Group Pty Ltd 2013 0429 941 435 03 5221 2566 ianm@ctman. com. au