Operational Plan and Long Term Financial Plan
Consultation has concluded
Between 18 May 2023 and 15 June 2023, Willoughby City Council sought community feedback on key corporate planning documents, which will guide the future of the local government area in 2023/24 and beyond.
The draft Operational Plan was relevant to the financial year 2023/24 and provides information on the Council's proposed:
- $68.5 million project and capital works spend, including setting aside $27.6 million for the Willoughby Leisure Centre upgrade
- Budget and revenue policy, including a 3.7% rate revenue increase in line with the NSW Government's cap
- Overall changes to fees and charges, including for the Domestic Waste Management Charge.
- Corporate performance indicators
- Business improvements
Meanwhile, the draft Long Term Financial Plan covered the decade between now and 2033 and outlined the Council’s response to an unprecedented and volatile economic climate which is challenging the Council's financial sustainability.
High inflation is driving costs to grow faster than income, a situation which has been exacerbated by ongoing rate revenue capping by the NSW Government.
The Council has actively managed this situation, by identifying cost savings, more efficient ways of delivering services and external funding opportunities.
However, as the Council continues to carry out this important work, the draft Plan identified the need for the Council to secure additional revenue so it can continue to provide high-quality services, maintain our assets and parks and deliver significant new community projects in coming years.
As such, the draft Plan included a proposal to increase rates through a Special Rate Variation of between 15-20%, commencing in 2024/25.
The following documents were exhibition:
- Operational Plan for 2023/24 (including Fees and Charges)
- Long-Term Financial Plan 2023 to 2033
We also held a community drop-in session for the Operational Plan and webinar and in-person presentations for the Long Term Financial Plan and Operational Plan
At its meeting on 26 June 2023, after considering a staff report and engagement outcomes report, the Council adopted the Operational Plan 2023/24 and Long Term Financial Plan 2023-2033, and endorsed a public engagement process on a potential Special Rate Variation.
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