Financial management and sustainability lies at the heart of every successful local government council. There are many definitions of financial sustainability, but the Victorian Auditor-General’s Office uses this one:
“Organisational sustainability means that councils have the capacity to function efficiently, effectively and economically to meet the current and future needs of their communities to an acceptable standard.”
Recipe for Financial Sustainability
The recipe for financial sustainability includes these ingredients:
- A sound long-term financial plan
- The political and organisational discipline to adhere to the plan
- A willingness to hold managers accountable for financial results
- Highly skilled financial professionals on staff
- Financial systems that are fit-for-purpose
Contact us if you require support in any area of financial management at your council.
Miller Consult 