Currently scoping work for engagement of consultant to assist, ensuring is adopted as part of the 2024/25 budget.

New Financial Plan adopted with 2024/25 Budget as part of Phase 1. Future phases of work during 2024/25 will update the Financial Plan to incorporate Revenue Diversification Plan and AMPs.

Scoping and development work underway Q2-Q3, with dependent work on the Strategic Land Review and Revenue Diversification Plan underway. Competing work for these dependencies and budget development may result in completion during 2025/26.

Strategic Land Review complete. Funding and revenue diversification strategy in concept stage, with financial strategy to be developed as part of 2025/26 budget.

Strategic Land Review complete. Funding and revenue diversification strategy in concept stage, with long term financial strategy to be developed in 2025/26. Progress delayed due to resourcing constraints and competing priorities.

Strategic Land Review complete. Funding and Revenue Diversification Strategy at concept stage, with long-term Financial Strategy to be developed in FY25/26. Progress delayed due to resourcing constraints and competing priorities. Preliminary work commenced to develop the format and gather information to inform structure and scenario analysis.

As reported at 30 June 2025, the Strategic Land Review is complete. The Funding and Revenue Diversification Strategy remains in the initial stages of development. The long-term Financial Strategy is approximately 40% complete. An initial draft of the Long-Term Financial Strategy will be in place to inform the development of the 2026-27 Budget. The Funding and Revenue Diversification Strategy and the updating of asset management plans remain as key dependencies to the completion of the Long-Term Financial Strategy. Progress on this initiative has been delayed due to resourcing constraints, the resignation of key officers and competing priorities in relation to the development of the 2025-26 Budget and the completion of Council’s financial statements for the 2024-25 financial year.

As of June 30, 2025, the Strategic Land Review has been successfully completed. The Funding and Revenue Diversification Strategy is still in its early development stages. Both this strategy and the updating of asset management plans are crucial for finalising the Long-Term Financial Strategy. Currently, the Long-Term Financial Strategy is approximately 45% complete. Progress in the past year has been hindered by resourcing constraints, the resignation of key officers, and competing priorities related to the development of the 202526 Budget. Over the last six months, internal resources have been reallocated to finalise Council’s financial statements for the 2024-25 financial year, and to address strategic risks as directed by the Audit and Risk Committee, including the implementation of EFTsure. An initial draft of the Long-Term Financial Strategy will be prepared to inform the development of the 2026-27 Budget.