MidCoast Council will 'move as quickly as possible' to review and update its long term financial plan.
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This is according to council's director of corporate services Steve Embury, who said the plan requires a detailed and accurate financial base to assist council with decision making and ensures adequate funds are generated in the future.
The council merger required the integration of four financial systems into one, which came into effect from July 1 2019 for the 2019-20 financial year.
"It was necessary to integrate all information into the new financial system to provide this accurate base and this took some time to complete," Mr Embury said.
The plan requires regular reviews to reflect council's current budget position and financial projections for a 10 year period. It is usually reviewed annually with the development of the operational plan.
Council staff are currently working with external resources to develop the plan. It will be presented to councillors later this year.
Mr Embury said the plan is part of council's resourcing strategy which details its capacity to manage assets and deliver services in the next decade.
The strategy also includes a workforce management plan and asset management plan.
"To prepare the resourcing strategy, council determines its capacity and how to effectively manage its finances, the sustainability of its workforce and the overall cost and condition of its community assets," Mr Embury said.
Cr Bell inquired about the delay of the plan, given the release of the 2020-21 operational plan and budget, and the difficulty for councillors and the community to look at council's progress without comparative figures.
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