Long Term Financial Plans (LTFPs) are a valuable tool to assist Elected Members, council staff and communities to understand the inherent trade-offs in the allocation of ratepayer dollars, and the overall financial sustainability of a Council. These plans are required to be prepared under the Local Government Act and should be updated by councils at least on an annual basis.
BRM Advisory: Long Term Financial Plan Model for Local Government
While historically developed using a ‘set and forget’ mindset and not well understood outside finance departments, LTFPs have evolved to be a foundational piece of councils’ strategic decision making process.
To date, we’ve assisted four metropolitan and regional councils to implement our customised Excel-based BRM LTFP model.
Our philosophy around long term financial planning is to:
The BRM LTFP Model is made specifically for SA councils and can be tailored to meet your council needs, including overlaying CWMS & water business unit operations.
Our skills also extend to creating advanced budgeting templates and rates calculation models.
Talk to Andrew today to find out how we can simplify and streamline your Long Term Financial Planning process, so that you can spend more time generating insights and less time preparing information.Andrew Noble