As part of its commitment to financial sustainability and strategic planning, Yorke Peninsula Council has undertaken a comprehensive review of its Long-Term Financial Plan.

The revised draft LTFP, covering 2026-2035, was presented to Elected Members at the Council meeting on Wednesday, March 13.

Mayor Darren Braund highlighted the importance of the LTFP in ensuring Council remains financially sustainable while continuing to provide essential services and infrastructure.

“The Long-Term Financial Plan is a crucial tool that allows Council to responsibly plan for the future while maintaining financial stability,” Mayor Braund said.

“By regularly reviewing our projections and aligning them with current economic conditions, we can ensure the best outcomes for our community.”

Council’s LTFP serves as the foundation for future budgets, assessing the impact of proposed initiatives and projects on financial sustainability.

This updated version incorporates up-to-date income and expenditure trends, service level reviews, internal and external economic factors, and potential opportunities for external grant funding.

Following endorsement by Council, the draft plan is out for public consultation.

Mayor Braund encouraged residents to participate in the consultation process.

“We value the input of our community, and this is an opportunity for residents to share their thoughts on Council’s financial direction,” he said.

“Community engagement plays a key role in shaping our financial priorities and long-term planning.”

The revised draft LTFP remains committed to key financial sustainability targets, including:

• Achieving a positive Operating Surplus Ratio within the short to medium term (1-5 years)
• Maintaining a Net Financial Liabilities Ratio within the recommended Local Government target of 100% of operating income annually
• Ensuring spending on asset renewal aligns with the Strategic Asset Management Plan (SAMP), with an Asset Renewal Funding Ratio of at least 100%

The review has also taken into account significant financial impacts such as inflationary pressures, the cessation of Supplementary Local Road Funding, strategic IT investment, major capital projects, and increasing costs associated with insurance, asset renewal, environmental management and illegal dumping impacts.

Residents are encouraged to review the revised draft LTFP and provide feedback during the public consultation period.

For more information, visit Draft Long Term Financial Plan 2026-2035 – Yorke Peninsula Council.