Decision details

THAT THE CITY FINANCE AND GOVERNANCE COMMITTEE RECOMMENDS TO COUNCIL

THAT COUNCIL

1.         Approves the Draft 2025/2026 – 2034/35 Long Term Financial Plan document contained in Attachment A to Item 5.1 on the Agenda for the Special meeting of the City Finance and Governance Committee held on 2 October 2025 for the purpose of public consultation.

2.         Asks Administration to incorporate 1.5% of annual rates revenue, inclusive of renewal and new and upgrade capital funds, for the purposes of delivery of the ‘Adelaide Park Lands Community Buildings (Sport and Recreation) Investment Plan’ into the draft Long Term Financial Plan for consultation.

3.         Approves a 21 day Public Consultation period in accordance with the Local Government Act (1999) (SA), commencing at 9.00am on Wednesday 15 October 2025 and concluding at 11.59pm on Tuesday 4 November 2025.

4.         Notes the long term financial sustainability of the Long Term Financial Plan 2024/25 to 2033/34 based on the adopted assumptions.

5.         Authorises the Chief Executive Officer to make any necessary changes to the draft 2025/26 Long Term Financial Plan document arising from this meeting, together with any editorial amendments and finalisation of the document’s formatting and graphic design.

Undertakings - 2025/26 - 2034/35 Long Term Financial Plan - Draft for Public Consultation

In response to queries from Council Members, the following undertakings were given to provide Council members with:

·                The number of responses to the last round of consultation on the Long Term Financial Plan

·                The plan for the consultation period.

Undertakings - 2025/26 - 2034/35 Long Term Financial Plan - Draft for Public Consultation

In response to queries from Council Members, the following undertakings were given to provide Council members with advice to clarify the legality of the process – LTFP and Asset Management Plans