Proposed Long Term Financial Plan 2022-31

Page 17

Community Engagement and Public Transparency Under the Local Government Act 2020, Council is required to prepare the 10 year Financial Plan in accordance with its deliberative engagement practices

LONG TERM FINANCIAL PLAN 2022 - 2031

Greater Dandenong People’s Panel In accordance with the new Local Government Act 2020, Council formed the Greater Dandenong People’s Panel to undertake a deliberative engagement process on both the Council Plan and Long-Term Financial Plan. This process involved the recruitment of randomly selected residents and business owners in the City of Greater Dandenong to create a new vision and principles for 2040. The panel of 31 met during April – June 2021 to discuss the future of our city and highlight the needs and aspirations of its people. They were provided with a range of information including background information on Council’s key challenges and the results of the broad community consultation. Eight guest speakers were also invited to engage with the panel and share their experience across a variety of areas including art and culture, sustainability, sport and recreation, and manufacturing. This enabled the panel to have well-informed discussions and carefully consider multiple points of view and various options before coming to a consensus. As part of developing the new vision the Greater Dandenong People's Panel was asked to develop some key principles which would help guide Council in its long-term planning for the future of our city. The new vision and principles developed by the panel have influenced the priorities of the Council Plan and the Long-Term Financial Plan to the maximum extent possible. The following six principles are: • • • • • •

Principle 1: Safe and Peaceful Community Principle 2: Education, Training, Entrepreneurship and Employment Opportunities Principle 3: Sustainable Environment Principle 4: Embrace diversity and multiculturalism Principle 5: Mind, Body and Spirit Principle 6: Art and Culture

Some of the panel’s recommendations included more affordable long term parking spaces with the Greater Dandenong area, preserving, promoting, planting and planning with a focus on a sustainable future, implementation of more accessible and attractive transport routes and ensuring infrastructure can be utilised for more than one purpose (multipurpose community hubs). The panel also suggested a range of other considerations including recommendations for community safety, homelessness, and affordable housing. Council’s existing financial and strategic commitments, as outlined within the large number of specific strategies and plans developed over the last few years, are also reflected in the Council Plan. For example, the Climate Emergency Strategy, Urban Tree Strategy, Children’s Plan, Disability Action Plan, and the Food and Tourism Strategies. The inputs and recommendations from this panel have informed the Finance Plan, Council Plan 2021-2025, and four-year budget and will also inform a range of Council’s future strategic work, projects and service delivery.

LONG TERM FINANCIAL PLAN 2022 - 2031 CITY OF GREATER DANDENONG

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Appendix K(b) – Financial Sustainability Indicators

0
page 80

Appendix Q – Adjusted underlying result

0
page 87

Appendix P – Parameters

1min
page 86

LGPRF) Financial Performance Indicators

2min
pages 77-79

Appendix J – Schedule of borrowings Appendix K(a) – Local Government Performance Reporting Framework

4min
pages 73-76

Appendix G – Statement of Human Resources ($

4min
pages 62-64

Appendix F – Statement of Capital Works

2min
page 61

Appendix I(b) – Discretionary and restricted reserves

1min
page 72

Appendix E – Statement of Cash Flows Inflows/(Outflows

2min
page 60

Appendix D – Statement of Changes in Equity

1min
page 59

Appendix C – Balance Sheet

2min
page 58

Appendix B – Conversion to Cash Result

1min
page 57

Appendices

0
page 55

Appendix A – Comprehensive Income Statement

1min
page 56

Climate Change Strategy

6min
pages 52-54

Discretionary funds or restricted assets

2min
pages 50-51

Conversion to Cash Result

3min
pages 29-30

Borrowing strategy

8min
pages 39-43

Reserve strategy

10min
pages 44-49

Objectives of the Long-Term Financial Plan

1min
page 5

Link between LTFP and Council’s Planning Framework

0
page 15

Comprehensive Income Statement

11min
pages 23-28

Financial Plan inputs and assumptions

5min
pages 20-22

Community Engagement and Public Transparency

2min
page 17
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