City of Stirling Corporate Business Plan

Long-Term Financial Plan The City of Stirling’s Long-Term Financial Plan is an integral

The goal of the Long-Term Financial Plan is to optimise and balance the City’s service delivery, service amenity and financial sustainability to provide the best outcomes for the community. The annual budget and the proposed impact on rates are detailed in the summarised rate setting statement on page 56. The City’s Long-Term Financial Plan has been reviewed in conjunction with the major review of the Strategic Community Plan in 2017/18 and the annual Corporate Business Plan review during 2018/19.

minimum standard to fund operational and project requirements. The 2019/20 – 2028/29 Long-Term Financial Plan ensures this performance can be maintained over the next 10 years, with a balanced budget and modest rate increases underpinning the forecast estimates. A key assumption in the development of this plan is the continuation of current service offerings over the forecast period. It is expected there will be minimal changes to the City’s service offering, and that demand for services will grow in line with the assumed inflation factors underpinning the forecast.

component of the Integrated Planning and Reporting Framework. It provides the financial link between the Annual Report, Strategic Community Plan, Corporate Business Plan, Workforce Plan and Asset Management Plans to ensure the City can deliver its strategic objectives over the next 10 years. The cumulative vision of these plans is that the City of Stirling will be a place where people choose to live, work, visit and invest as a ‘City of Choice’. To date, the City has maintained sustainable financial performance, targeting a balanced budget as a

2019/2020

2020/2021 Forecast

2021/2022 Forecast

2022/2023 Forecast

Four Year Strategic Capital Projects

Budget

$m

$m

$m

$m

Mirrabooka Regional Centre Improvement Strategy

                           –                         1.0                           –

                        –

Rights of Way Program

                        4.0                         3.7                         2.3

                      2.0

Dianella ROS Master Plan Implementation Inglewood Oval/Hamer Park Redevelopment

                        0.4                            –                            –

                        –

                        1.9                         2.2                         1.0

                        –

Des Penman Pavilion Upgrade

                        1.6                            –                            –

                        –

Hamersley Golf Course Redevelopment

                        0.1                         0.0                         1.2

                      4.4

Stage 3 of the Recycling Centre Development (Waste Transfer Station Redevelopment) Robinson Reserve Master Plan Implementation Terry Tyzack Aquatic Centre Development

                        0.7                         6.4                         9.6

                        –

                        0.1                         0.1                         1.0

                        –

                           –                         0.8                         0.8

                        –

Stephenson Avenue Extension

                      24.0                            –

–

–

Princess Wallington Community Parkland Leisure Park Balga Development

                        1.8                         1.0                         1.0

                      0.6

                           –                         0.1                         0.8

                        –

Urban Forest Plan Implementation

0.47

0.57

0.64                        –

Corporate Business Plan 2019 – 2023 | 51