Under the Local Government Act 2020, Council must develop and review a Financial Plan covering at least the next 10 financial years in accordance with its deliberative engagement practices and adopt the Financial Plan by 31 October in the year following a general election.
The City of Greater Dandenong's Long-Term Financial Plan (LTFP) establishes a financial blueprint for Council’s management of its financial resources, ensuring that Council remains sustainable in the longer term. The LTFP is subject to annual reviews to ensure the financial projections remain current.
The LTFP has been developed after an extensive consultation process with our community and key stakeholders over the past 12 months, including the Greater Dandenong People's Panel, and aims to financially resource the key areas of importance for the people who live and work in our city and those who regularly visit.
Council adopted the LTFP 2021-22 to 2030-31 at its meeting on 25 October 2021.