Draft Asset Plan and Financial Plan
Consultation has concluded
Plans in final stages of development!
Council has updated the 10-year Asset Plan and Financial Plan and the draft documents have been displayed for community review. Now we're taking in the feedback and finalising the documents, ready for adoption in October. |
Background
What is the 10-year Asset Plan?
Council is responsible for managing more than $1.3 billion worth of assets for our community.
An Asset Plan outlines the financial and technical elements for managing assets so we can make sure the community has access to what they need over the next 10 years.
Asset Plans form part of the required strategic plans that all councils must deliver under the Local Government Act.
Asset by Value
Our Asset Plan will contain six smaller plans, each covering a specific type of asset:
- Roads
- Buildings
- Bridges
- Drainage
- Paths
- Open space
Each of these plans will include information about predicted funding requirements, maintenance, renewal, acquisition/ purchase, expansion, upgrade, disposal and decommissioning for the specific class of infrastructure.
What is the Long-Term Financial Plan?
The Long-Term Financial Plan is different from the annual budget. It tells us how we will resource the community’s needs and aspirations over the next 10 years. By matching this plan with the Wellington 2030 Community Vision and the Asset Plan, Council can plan, manage, and communicate its future objectives in a financially sustainable way.
What is Wellington Shire Council’s financial position?
- Council is in a good financial position despite the Victorian State Government's Rating Cap, which limits funding for councils.
- Council is committed to a range of long-term strategic projects which will require a mixture of Council and co-funding over the next decade.
- Large investment will also be needed for infrastructure maintenance and new capital works, such as the Aqua Energy redevelopment, upgrading community infrastructure facilities and the construction of drainage infrastructure required to support housing growth and new estates.
Income by Type
Expense by Type
Every $100 Spent
Every $100 spent by Wellington Shire Council is spilt up and spent proportionally on the below priorities.
Why is Council updating the 10-year Asset Plan and Financial Plan?
These two plans will help to;
- Deliver the community aspirations within the Wellington 2030 Community Vision.
- Meet the needs and expectations of the community
- Working within the rate capping environment
- Ensure that each generation contributes to the cost of maintaining assets.
- Set targets for Council’s budget to ensure we maintain our financial sustainability.
- Set appropriate levels of debt
What happens next?
We have completed Stage 2 consultation to gather the community's thoughts on the draft Asset Plan and draft Financial Plan. Feedback from the community will be presented to Councillors and any required changes will be made to these two documents before they are adopted by Council in October 2021. A summary of the feedback will be made available on this page when completed. |
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Stage 2 consultation for Asset Plan and Financial Plan OPENS
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Consultation has concludedWe want to hear from you!
Consultation is opening for the draft Wellington 2031 Community Vision, draft Council Plan 2021-25 and draft 10 year Financial Plan and Asset Plan.
Following extensive consultation, Council is inviting the Wellington community to take a look at its draft of the Wellington Shire Council Plan 2021-25.
Council has spent the past four months talking to members of our local communities in person and online about high-level priorities for the next four years.
Following this consultation, the Council Plan focuses on the environment and climate change, economy and growth, liveability and wellbeing, services and infrastructure.
Council staff will be back out in the community seeking your feedback in coming weeks, or you can engage with us online.
Visit https://your.wellington.vic.gov.au/councilplan to find out where we will be and how you can tell us what you think!
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That's a wrap for stage 1!
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Consultation has concludedStage one of our public consultation on the Council Plan, 2030 Vision and long term Asset and Finance Plans is complete! We spent two months travelling around Wellington Shire talking to community members about your ideas, thoughts and priorities for the future. We spoke to almost 600 people in person and another hundred people got in touch with us through Your Wellington, Your Say.
We had a lot of fantastic feedback, with very clear themes coming through. All of the feedback provided has been collected and will be sorted and checked for privacy before being released back to the communityContinue reading
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Footpaths for the future!
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Consultation has concludedFootpaths have been a regular topic of conversation during the Council Plan community discussions.
Did you know we have an Urban Paths Plan which details which footpaths will be built inside our towns over the next 20 years? You can find it here to see what's planned for your town: Urban Paths Plan
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Join us for a discussion!
Share Join us for a discussion! on Facebook Share Join us for a discussion! on Twitter Share Join us for a discussion! on Linkedin Email Join us for a discussion! linkConsultation has concludedCalling all community groups, businesses, service providers and local residents to share your ideas for the next 4 years!
- What do you want to see changed in Wellington Shire?
- What’s important to keep the same?
- What are the main challenges we’re facing as a community?
We’ll use what you say to influence a refresh of the 2030 Community Vision and to write the new 2021-25 Council Plan and the long-term Asset and Finance Plans.
These documents all direct Council’s priorities and resource allocation for the next 4-10 years.
Join us for a pop-up session!
Continue readingTown
Day
Date
Time
Location
Seaspray
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Who's listening
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Phone 5142 3082 Email bodyed@wellington.vic.gov.au
Videos
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Council Plan Coordinator Bodye Darvill explains what the consultation is all about and how you can get involved.
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Council Plan 2021-25: Our priorities for the next 4 years with Bodye Darvill
