Preparing and Updating Long-Term Financial Plans

Time: 1:30pm to 4:30pm

Delivery Options: face to face and webinar

For: For CEOs, Asset Managers and Senior Finance Officers responsible for suggesting proposed framework, structure and constraints for, and content of, their Council's Infrastructure and Asset Management Plans.
The focus of the session will be how to develop a simple but practical, useful and easy to prepare and follow long-term financial plan (LTFP). It will include tips and traps based on councils experience to date. Material presented and discussed will focus on legislative requirements, structural suggestions, how to identify and determine key information and assumptions for input and how to develop an appropriate financial strategy taking account of relevant local factors.

This course will provide participants with an understanding of:

- Suggested structure and content and the appropriate level of detail to include
- What key assumptions should be specified and the basis of their estimates
- The need to recognise, and options to accommodate, future expected price movements
- The need to vary some indicator target ranges over time
- What types of sensitivity analysis should be undertaken and how to present results
- What level of functional and activity level financial information should be provided
- What written explanatory content should be included
- How to make trade-offs to achieve financial targets  

Please note: if you attend the afternoon session Preparing & Updating Asset Management Plans  you will receive the training at a full day rate of $430 + GST for both courses.