Corporate Business Plan: 2024-2028

2023/24 BUDGET

City of Stirling 2024/25 Budget The City of Stirling’s 2024/25 Budget has been developed in line with the State Government’s Integrated Planning and Reporting Framework and incorporates services, projects and programs identified to continue, commence or be finalised during the year. Long-term financial sustainability is the key objective of the City’s financial plan and annual budget. With careful planning, the community can be assured that the City has the financial resources to achieve the objectives set out in the Corporate Business Plan. The City continues to be in a solid financial position, remaining debt-free, with its finances aligned to strategic priorities.

Overview During 2024/25 the City has a balanced budget as detailed below. Where we collect the money from

$million

Rates

166.4 119.9

Operating revenue (excluding non-cash amounts)

Capital grants

11.2

Proceeds from disposal of assets

3.6

Revenue total

301.1

Where we spend the money

$million (240.9)

Operating expenditure (excluding non-cash amounts) Capital expenditure (including intangible assets)

(74.2) (35.0)

Carry forward capital works

Expenditure total

(350.1) $million

Reserves, town planning scheme and trust monies movement

Transfers from reserve Transfers to reserve Net reserve movement Estimated opening funds

25.9

(31.0)

(5.1) 54.1 28.4

Balanced budget

0.0

65