Budget

 

Budget 2018/19 - 2022

MESSAGE FROM THE MAYOR OF BALLARAT
Cr Samantha McIntosh

This year’s budget is the second budget for this Council’s four-year term and has been produced in line with our Council Plan 2017-2021. Both documents are guided by our four goals: Liveability, Prosperity, Sustainability and Accountability.

The Council Plan sets the vision, priorities and outcomes for Council’s term and guides the annual budget, which determines the projects, services events and other initiatives that will be funded and delivered in the upcoming financial year.

Preparing a budget for a municipality of our size is not a simple task. We are not like a regular business that creates revenue by selling a product. We are the custodians of $1.9 billion-worth of assets and in the pages that follow, you will see the $179.5 million budget that we must work within to maintain them all, and to deliver the 80-plus services we provide for the residents and visitors of our glorious city.

As you will no doubt be aware, our budgets must now be developed within the restrictions of rate capping and continued cost shifting by the State Government. We must keep our average rate increase within the cap set by the Minister for Local Government; 2.25 per cent for 2018/19, whilst trying to deliver more with less.

We continue to review each and every area of our business to ensure we are providing the very best value to you, the ratepayer, but also maintaining the exceptional level of service we have come to pride ourselves on and that our communities have rightly come to expect.


The maintenance of our infrastructure under these financial constraints is an ongoing battle. It requires a long-term vision based on sound evidence and careful financial management, in line with the needs and desires of our community. This year, Council has recommenced increasing available funding for core infrastructure funds by 2 per cent, in line with future CPI forecasts.

There is no doubt that we face significant and ongoing challenges when it comes to the funding of local government, but the future of Ballarat remains bright. You can rest assured that this Council will continue to work hard to build a proud city that is bold, vibrant and thriving.


Budget InformationTop of document.

Each year, Council is required by legislation to advertise its draft budget for 28 days and adopt it by 30 June.

The 2017/18 budget was the first budget for this Council’s four-year term and comes after Ballarat City Councillors launched their Council Plan 2017-2021.

The Council Plan sets the vision, priorities and outcomes for Council’s term and guides the annual budget, which determines the projects, services events and other initiatives that will be funded and delivered in the upcoming financial year.

The plan and budget have been divided into four key pillars: Liveability, Prosperity, Sustainability and Accountability.