1. © CT Management Group Pty Ltd 2013 National Local Government Infrastructure and Asset Management Conference 2013 CASE STUDY

2. © CT Management Group Pty Ltd 2013 Context  Good relationship between Councillors and Exec  Councillors respected by Community  Community Satisfaction high but on the decline  New Council wants to “Make its Mark” on the community  Council Plan aspirational  Objective to remain sustainable over long term  Community reluctant to accept high rate increases  LTFP is principle financial planning document

3. © CT Management Group Pty Ltd 2013  Last year efficiency savings and cost reductions  This year had to implement a 1.5% cut to all service funding to “Balance the Books”  LTFP shows Council is sustainable over the 10 year term but it has some weaknesses

4. © CT Management Group Pty Ltd 2013  Council Plan aspirational  Limited Asset Management Plans  Asset renewal demand not fully funded  Operational Impact of new works not recognised  Casual link between Council Plan and LTFP  Reliance on external funding  Rates increase by CPI each year – Not enough

5. © CT Management Group Pty Ltd 2013 Chief Executive Officer  Does not think economic situation will improve over next 12 months  Will consider options to help make the preparation of next years budget and LTFP easier WHAT ADVICE CAN YOU PROVIDE

6. © CT Management Group Pty Ltd 2013 Ian Mann CT Management Group 152 Little Malop Street Geelong3220 Mob:0429 941 435 Ph:03 5221 2566 Email:ianm@ctman.com.auianm@ctman.com.au Discussion