Like all South Australian Councils, Kangaroo Island Council is required by Regulation 5 of The Local Government (Financial Management) Regulations 2011 to produce a Long Term Financial Plan (LTFP).
Section 122(4)(a) of the Local Government Act 1999, a Council must review its Long-Term Financial Plan as soon as practicable after adopting an Annual Business Plan for a particular year.
Complying with the requirements of the Local Government Act is not the main reason for Council adopting a Long-Term Financial Plan. Council has used the process of preparing the LTFP to assess the likely state of its finances over the coming 10 years and to consider ways and means of improving its outlook over the period.
For further information contact: Customer Service on 08 8553 4500 or email email@example.com.